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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

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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.

Singapore

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.

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