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In the early hours of 24 August, the historic old town of Amatrice and other villages in central Italy were hit by a magnitude 6.0 earthquake. It was followed by two further tremors and by a large number of smaller aftershocks. The sequence peaked on 30 October with a magnitude 6.5 earthquake, the largest in Italy for 35 years. The damage was severe. Despite its vulnerability to earthquakes, insurance density in Italy remains very low, particularly for residential buildings. http://bit.ly/earthquakeitaly2016
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Big changes for the oil and gas industry lie ahead. Several major energy companies are well on track for the transition to a low-carbon economy, investing systematically in sustainable technologies. Find out how insurance companies can play a key role in this transition: http://bit.ly/energynewage
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Persistent heavy rainfall in August 2016 in the US state of Louisiana led to major flooding with a quantity of rain three times greater than Hurricane Katrina in 2005. A scientific cause analysis estimated a return period of approximately 30 years for an event of this intensity within the central Gulf Coast region. According to the study, the probability of such an event has already increased by a factor of 1.4 compared to a model calculation without climate change. http://bit.ly/louisiana-floods
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In April 2016, the southwest of Japan was rocked by two strong earthquakes within the space of 48 hours. Ground cracks with horizontal displacement of more than two metres were observed in places. Despite strict building codes, 8,000 houses collapsed in Kumamoto Prefecture and the surrounding towns, and more than 140,000 buildings were damaged, 24,000 of them severely. Several cultural heritage sites and infrastructure were destroyed. There were also industrial losses at production plants for cars, electronic components and pharmaceuticals. The Kumamoto earthquake in Japan demonstrated the complex nature of supply chains in our globalised economy: http://bit.ly/earthquake-kumamoto
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Annual review of natural catastrophes 2016: A number of devastating earthquakes and powerful storms made 2016 the costliest twelve months for natural catastrophe losses in the last four years. Find out more about the facts and figures from our NatCatSERVICE database in the press release and our infographic. http://bit.ly/natcat2016
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Munich Re underlines the importance of the Indian market by opening a dedicated reinsurance branch office in Mumbai, servicing the property-casualty (P&C), life and health reinsurance markets across the Indian subcontinent. This set-up allows Munich Re to combine its solution-based global expertise with local underwriting experts’ deep understanding of the market. http://bit.ly/2hMV8yy
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What are the challenges in the startup-reinsurer partnership process? How do we evaluate success? Andrew Rear, Chief Executive of Munich Re's Digital Partners venture, shares his thoughts about our latest #insurtech activities: https://www.cbinsights.com/blog/munich-re-startup-partnerships/
Since May, Munich Re has announced seven partnerships with startups including Trov, Slice Labs, Simplesurance, and Next Insurance.
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Hamburg’s new concert hall Elbphilharmonie opened after 16 years of planning and construction. Around the world, owners, developers and investors are undertaking ever larger and more complex construction projects. The biggest challenges in this context are maintaining an overview and keeping the complex structure within budget. Munich Re, in collaboration with RIB Software, has developed the world’s first IT-based insurance product for construction projects: iTWO Project Cost Insurance. http://bit.ly/projectcostinsur
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Dams are a risk factor in mining. Over the last few years, dam failures triggered major losses. Find out how risks can be assessed more accurately: http://bit.ly/miningrisks
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Floods occur more often in China than in other regions of the world. After many years of relative calm, extreme flood damage again occurred in the summer of 2016. Flood protection measures were not enough to cope with the consequences of the torrential local rainfall: http://bit.ly/china-floods
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Diabetes is increasing worldwide, putting health insurance systems under increasing pressure. Prevention and early identification play a key role in combating the disease: http://bit.ly/dbts-prev
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Mobile phones, cameras, navigation systems and many other electronic devices cannot operate without memory chips. Production stoppage affecting one chip manufacturer can lead to massive consequences. Find out about contingent business interruption (CBI) losses and how risks emanating from supply chains can be reduced: http://bit.ly/cbi-losses
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Munich Re as a group combines primary insurance and reinsurance under one roof.
Introduction
Risk management is our strength

Munich Re is one of the world’s leading risk carriers and stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. The Group operates in all lines of insurance, with around 45,000 employees throughout the world.

More about Munich Re on our website:
www.munichre.com


IMPRINT:
This imprint applies to all telemedia services of Münchener Rückversicherungs-Gesellschaft.

Münchener Rückversicherungs-Gesellschaft
Aktiengesellschaft in München
Königinstr. 107
80802 München
Germany

Tel.: +49 (89) 38 91-0
Fax: +49 (89) 39 90 56

Münchener Rückversicherungs-Gesellschaft (Munich Reinsurance Company) is a reinsurance company organized under the laws of Germany. In some countries, including in the United States, Munich Reinsurance Company holds the status of an unauthorized reinsurer. Policies are underwritten by Munich Reinsurance Company or its affiliated insurance and reinsurance subsidiaries. Certain coverages are not available in all jurisdictions.

Any description in this document is for general information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product

Board of Management: Dr. Nikolaus von Bomhard (Chairman), Giuseppina Albo, Dr. Ludger Arnoldussen, Dr. Thomas Blunck, Dr. Doris Höpke, Dr. Torsten Jeworrek, Dr. Markus Rieß, Dr. Peter Röder, Dr. Jörg Schneider, Dr. Joachim Wenning

Commercial Register Munich, No. HRB 42039

Supervisory authority: Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Bonn

VAT registration number:     DE 129274139

Insurance tax number:        9116/802/00663

Stock quotations supplied by OnVista AG. Munich Re does not guarantee the accuracy of the data.

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Münchener Rückversicherungs-Gesellschaft
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+49 (89) 38 91-0
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+49 (89) 39 90 56
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Königinstr. 107
80802 Munich, Germany