Deutsche Rück Group

🌊 In 2023, Germany experienced the most severe storm surge on the German Baltic Sea coast since 1872 - and also the warmest year since pre-industrial times. In the 2023 edition of our Annual Weather Documentation, our natural hazard experts describe and analyse the weather events that occurred throughout Germany last year from a meteorological and loss perspective and place them in the context of European and global weather events. 👉 Access the complete annual weather documentation 2023 (in German) now or download a summary in English: https://lnkd.in/em-ZgD5E 📸 Our picture shows a damaged ship jacked up on the jetty in the port of Maasholm in Schleswig-Holstein. On the Baltic Sea, storm depression WOLFGANG and Scandinavian high-pressure system WIBKE together had caused a severe storm surge at the end of October. Picture credits: picture alliance/dpa/Daniel Bockwoldt #reliablereinsurance #reinsurance #insurance #annualweatherdocumentation #storm #surge #baltic #natcat #climate Sven Klein Meike Müller

🚘 Motor insurers are under pressure. Costs are rising, competition is getting tougher, and mobility is changing. Established business models are reaching their limits. One possible solution is to focus on an intelligent data strategy that will give insurers a competitive advantage.   📝 “Motor insurers who want to be successful in the future must invest boldly in flexible IT that can process all available data”, says Larissa Klick, motor insurance specialist at Deutsche Rück.   👉 Learn more in the latest issue our marketreport: https://lnkd.in/dJ-f7SNi (Also available in Spanish, French and German.)   #reliablereinsurance #marketreport #reinsurance #insurance #motorinsurance #data #mobility #technology #digitalisation Oliver Lamberty Andreas Fey Christoph Hus Sarah Sommer Stephanie Embach-Stein Sven Klein

🤖 The digital transformation of the insurance industry has received a tremendous boost thanks to AI. That said, great hype is always followed by a phase of disillusionment. For all the discussion about AI and its revolutionary potential, the insurance industry has so far only taken small steps forward in terms of specific applications.   📌 In the midst of an AI fever – when consultants and IT providers are prophesying revolution – there’s an even greater need for rationality and caution, says our guest author Marc Surminski.   👉 Learn more about what is behind the hype surrounding AI in the insurance industry against the backdrop of the EU's AI Act, the world's first AI law, and read in the latest issue of our marketreport: https://lnkd.in/ebqDu97C (Also available in Spanish, French and German.) #reliablereinsurance #marketreport #reinsurance #insurance #ai #eu #regulation #transformation Tarik Aouad Florian Kummer Klaus-Gregor Hahn Andreas Fey Oliver Lamberty Jamil J. Meier Frank Schoenen Nawal HIMES Sven Klein Stephanie Embach-Stein Melanie Dahms

🏡 ⛈ Because a significant proportion of private property owners in many European countries do not have natural hazard insurance, the state is repeatedly called upon in the event of major loss. The share of insured losses varies considerably across Europe, as our chart shows.   👉 Learn more about how state actors in Europe and the insurance industry want to overcome the “climate insurance protection gap” and read the latest issue of our marketreport: https://lnkd.in/ejxmDSGG (Also available in Spanish, French and German.)   #reliablereinsurance #marketreport #reinsurance #insurance #climate #rain #natcat #resilience #flood #europe #eu Markus Wehrmann Wolfgang Eichert Meike Müller Christoph Hus Sarah Sommer

🏔 Im Juni fanden wieder unsere 7. #Österreich-Tage für unsere Kunden aus der Heimat von Mozart, Strauß und Falco statt. 🗺 Die Konferenz fand in diesem Jahr in #Bozen (Südtirol) statt und damit erstmalig außerhalb von Österreich. Für unsere Kunden ist die Konferenz eine Plattform, um sich mit Branchenkolleginnen und -kollegen über aktuelle Herausforderungen und Entwicklungen auszutauschen. ⛈ Der inhaltliche Schwerpunkt lag auf dem Bereich Naturgefahren und Klimawandel. Ein großes Dankeschön geht an unsere Referentinnen und Referenten: Andreas Jäger, Klimajäger und TV-Meteorologe, zum Klimawandel Meike Müller, Deutsche Rück, zu Hochwasserschäden in Mittelgebirgsregionen Matthias Klawa, Deutsche Rück, zum Thema Hagel Rupert Pichler, HOGO Reinsurance Broker, zum Cat-Modell ANIS Florian Brucker, Meyerthole Siems Kohlruss Gesellschaft für aktuarielle Beratung mbH, zu regulatorischen Themen im Kontext der Klimaveränderungen Dr. Norbert Sauer, Deutsche Rück, zu Kumulen in der Cyberversicherung #reliablereinsurance #reinsurance #insurance #austria #oesterreich #natcat #naturgefahren #hochwasser #hagel #klima Achim Bosch Klaus-Gregor Hahn Katja Heck Johannes L. Grondinger von Steinsdorff Daniel Degeling Jamil J. Meier

⭐ Coming up: the new edition of Deutsche Rück Group’s marketreport!   In our Spring/Summer 2024 issue, we focus on the climate insurance protection gap. We look at the challenges as well as possible solutions. We also explore the future of mobility: We will take a look at the limits of established business models and the opportunities offered by mobility data. And finally, we will ask what is behind the hype surrounding artificial intelligence in the insurance industry against the backdrop of the European Union’s AI Act, the world's first AI law.   📧 We hope you enjoy the new issue and would be happy to include you in our marketreport mailing list. Subscribe now and never again miss an issue: https://lnkd.in/daS9iGf5   📸 Our cover picture shows the small town of Zell in Rhineland-Palatinate. In May 2024, the Moselle rose above the flood defence wall and large parts of the old town were under water. Heavy rainfall had led to flooding in south-west Germany. Parts of France, Belgium and the Netherlands were also affected.   Picture credits: picture alliance/dpa/Thomas Frey   #reliablereinsurance #marketreport #reinsurance #insurance #natcat #climate #protection #flood #mobility #ai #eu Achim Bosch Caren Büning Rohde Michael Tarik Aouad Florian Kummer Klaus-Gregor Hahn Andreas Fey Daniel Degeling Iris Bagh Carolin Bergmann Sonja Hoffmann (-Gasser) Christian Eikermann Laurent Beauregard Dr. Mariana Vilmondes Jasmin Nguyen Ben Schönborn Andreas Thois Frank Schoenen Jamil J. Meier Ljubomir Budalić Mathias Strathmann Meike Müller Christoph Hus Sarah Sommer Stephanie Embach-Stein Sven Klein Melanie Dahms

🌏 Deutsche Rück Group in the news: Adrian Ladbury of Commercial Risk wrote a comprehensive profile on our latest financial results and on our successful start in writing business in South, South-East and East Asia.   The article quotes Tarik Aouad, our Managing Director Middle East/Asia markets, who put into a nutshell what is driving us:   📝 “Key to success was our conviction that visiting these markets in person enhances mutual cultural understanding, so that we understand the markets’ business cultures and conversely the market understands our Deutsche Rück business values, which are rooted in the German business culture. This enabled building strong foundations of trust, long-term relationships and sustainability of the business.”   👇 Read the whole article in the attached PDF, kindly provided by Commercial Risk. Jasmin Nguyen Ben Schönborn Achim Bosch Nawal HIMES Ahmed Sato #reliablereinsurance #reinsurance #insurance #asia #growth #success #conviction #motivation #reliability

⭐ Sonja Hoffmann (-Gasser) will take over the position of Director Underwriting at Deutsche Rückversicherung Schweiz Ltd (DR Swiss) on 1 July 2024. She will report to Achim Bosch, Managing Director of DR Swiss and Executive Board member of Deutsche Rück Group, and is based at DR Swiss’ headquarters in Zurich. Sonja Hoffmann will assume the position of Director Underwriting from Frank Versluis. 📝 “In Sonja Hoffmann, we are gaining a very experienced colleague for the Head of Underwriting, who has already been working for DR Swiss for 15 years and is therefore very familiar with the company and its clients,” says Achim Bosch. “On behalf of the entire Executive Board, I personally wish her every success in her new role.” 👉 Learn more: https://lnkd.in/eDZhqAJZ #reliablereinsurance #reinsurance #insurance #drswiss #appointments #underwriting Caren Büning Lodigiani Pietro Christian Eikermann Urs Wuest Jörg Posselt Laurent Beauregard Fortunata Distefano Jean-Luc Dupont

💡 Anlässlich des 20. Kölner Rückversicherungs-Symposium am 4. Juni blickten Marc Surminski, Chefredakteur der „Zeitschrift für Versicherungswesen“ und unser CEO Frank Schaar auf Meilensteine der letzten zwei Jahrzehnte in der Rückversicherung zurück. ⏰ Dabei führte auch kein Weg an der aktuell wieder aufbrandenden Diskussion über eine Elementarschaden-Pflichtversicherung vorbei. Frank Schaar betonte die Bedeutung von Präventionsmaßnahmen. Denn mit einer Pflichtversicherung könnten künftige Schäden zwar finanziell abgedeckt, aber nicht verringert oder verhindert werden. Die Klimafolgen-Anpassung müsse aber oberste Priorität haben. „In der öffentlichen Diskussion um die Elementarschaden-Pflichtversicherung scheint es so, als wäre es dem Staat wichtiger, Sachschäden abzudecken, als menschliches Leid – so wie im Ahrtal mit über 180 Verstorbenen – zu vermeiden. Präventiv geschieht leider immer noch viel zu wenig“, sagte Schaar. Mit herzlichem Dank an Prof. Stefan Materne für eine wie immer hervorragende Veranstaltung! Achim Bosch Caren Büning Iris Bagh Carolin Bergmann Frank Pecks Sven Klein #reliablereinsurance #reinsurance #insurance #symposium #cologne #elementar #pflichtversicherung #klima #klimafolgen #klimawandel #naturgefahren

⭐ Deutsche Rückversicherung AG has appointed Nawal Himes as Head of the new Life & Health Middle East/North Africa market division, reporting to Board member Michael Rohde and based in Düsseldorf, Germany, effective from 21 May 2024. With the newly formed market division, we will start underwriting life & health reinsurance business in selected countries in the Middle East and the Maghreb region. With this step, the Deutsche Rück Group is continuing its strategy of gradual internationalisation of its business. 📝 “With Nawal Himes, we are gaining a highly professional underwriter who has more than 17 years of experience in life reinsurance, mainly in the Middle East and Africa markets, over seven years of which in a senior position as Head Manager Life & Retakaful,” said Michael Rohde. 👉 Learn more: https://lnkd.in/dYqEEnwm #reliablereinsurance #reinsurance #insurance #life #health #middleeast #maghreb #northafrica Rohde Michael Nawal HIMES Jamil J. Meier