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Munich Re embraces digitalisation as necessary to survive

Global reinsurer has put together a team that is pushing the use of big data and data analytics

Dr von Bomhard notes that the reliance on the digital world is a double-edged sword. As much as it has exposed vulnerabilities, it has also fuelled the need to protect against cyber risks.


STRONG headwinds from rising margin pressures, historically low interest rates, a flood of competition, as well as the possibility of being labelled systemically relevant has not dampened global reinsurer Munich Re's determination to catch the digitalisation train.