About Mr Dirk Reinhard
Experienced Vice Chair, Munich Re Foundation with a demonstrated history of working in the sustainable asset management, insurance and non-profit organization management industry. Strong business development professional skilled in Corporate Social Responsibility, Sustainable Asset Management, Inclusive Insurance and Strategy Development.
A: The Munich Re Foundation was set up as a non-profit organisation in 2005. At the heart of our Foundation is Munich Re's commitment to act responsibly and share knowledge. Based in Munich, our activities span the globe, primarily in emerging and developing countries.
We tackle pressing global challenges and develop solutions for people at risk. At the core of our Foundation lies a responsibility to enhance the well-being of communities through a deep understanding and adept management of risks. It's not just about mitigating threats - it's also about utilising the wealth of knowledge within Munich Re for the benefit of society.
We concentrate on climate risk and adaptation, climate change mitigation and inclusive insurance which complements Munich Re's sustainability agenda. This has been the case from the beginning and has not changed.
Q2: Munich Re has a long history of dealing with global risks. How does the Foundation's work contribute to global risk management, especially in emerging and developing countries?
A: We use our expertise to address pivotal elements within the risk management value chain. This includes a thorough understanding of risks, as well as how to prevent them, and expands the scope of risk transfer mechanisms that benefit vulnerable people and communities. In this way, we actively contribute to the resilience and sustainability of the global community.
We participate in every aspect of creating positive change.
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Denne historien er fra October 2024-utgaven av THE INSURANCE TIMES.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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About Dr Anil Subba Rao Paila
IRDAI Corner
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New Product Launches
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Exclusion clauses in Insurance Contract: Enforceability and Interpretation
The terms of the insurance contract require strict construction without eschewing or adding the words in the contract. However, insurers are exempted from any liability where the loss is attributable to an excluded peril specified in the exclusion clause or not mentioned in the covered causes/perils/risks/loss.
Risk Management 2.0 in the new Gen Z Milieu
I notice that the world has significantly changed over the last five years due to black swan events (like Covid-19), geopolitical upheavals affecting supply chains (like situation in Middle east and Eastern Europe) and tech advances (like Al, robotics) have reshaped the risk landscape. Risk professionals must now adapt faster than ever to navigate these disruptions to ensure business resilience.
International News
Growing demand in Europe: Munich Re remains disciplined while further expanding
Life Insurance News
About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said.
