"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."
THE INSURANCE TIMES|October 2024
Q1: The Munich Re Foundation was established in 2005 to mark the 125th anniversary of Munich Re. Could you elaborate on the mission of the Foundation and how it has evolved over the years?
"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."

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.

This story is from the October 2024 edition of THE INSURANCE TIMES.

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