Munich Re embraces digitalisation as necessary to survive

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.

In fact, Nikolaus von Bomhard, chairman of Munich Re's board of management stressed it was of "utmost importance" for the group to prepare itself for digitalisation to survive.