MUNICH RE Munich Re Group
Half-Year Financial Report as at 30 June 2021
10 August 2021
Joachim Wenning | Christoph Jurecka |
Half-Year Financial Report as at 30 June 2021
Agenda
- Munich Re
- Group finance
- ERGO
- Reinsurance
- Additional information
Half-Year Financial Report as at 30 June 2021 | 10 August 2021 | 2 |
Munich Re
Munich Re Group Ambition 2025
Making good progress towards scaling and shaping our business
Scale
Shape
Expansion of core
Preference for organic growth
Leverage superior underwriting
Uplift asset performance
Create additional business
Monetise digital business investments
Create new strategic options
Succeed
Shareholders
Growing earnings and RoE
Clients
Long-term partner - superior products, experience and capacity
Employees
Employer of choice: skill-driven, fostering digital culture, risk entrepreneurs
Communities
Comprehensive climate strategy matching Paris Agreement
Half-Year Financial Report as at 30 June 2021 | 10 August 2021 | 4 |
ERGO on track to deliver on Ambition 2025
Achievements in H1 2021
Germany | International | Digital projects and technology | ||||
Secure profitability and market share | Increase net profit contribution | Expand new business models | ||||
▪ | Very good new business development | ▪ | Strong premium growth (+7%), | and continue IT modernisation | ||
Scale1 | (+28%) and premium growth (+5%) | especially in Poland and Spain | ▪ | International roll-out of online marketing | ||
▪ | Strong growth in P-C, high profitability | ▪ | Profitability continuously at a very good | channels | ||
(combined ratio: 93.4%) despite large | level (combined ratio: 93.0%) | ▪ | Solid growth of Great Wall Motors-ERGO JV | |||
losses | ▪ | Successful launch of supplementary | (service company) in China | |||
▪ | Continued growth of life new book | health insurance in Austria | ▪ | Observation of increasing recovery in the | ||
(+19%), further expansion of capital- | travel market | |||||
market-oriented product portfolio | ||||||
Strengthen hybrid customer | Expand cross-border synergies | Enhance digital footprint | ||||
model and digital processes | and deploy technologies | |||||
▪ | Further development of claims excellence | ▪ | Extended cross-border initiatives along | ▪ | Reshaping employee technology learning | |
Shape | through simple, intuitive claims processes | the value chain | ||||
developed from customer's perspective |
Scaling up digital technologies nationally and internationally (already >200 robotics use cases, >50 AI use cases, >30 voice skills)
1 All comparative figures in relation to H1 2020. | Half-Year Financial Report as at 30 June 2021 | 10 August 2021 | 5 |
Um den Rest dieser Noodl zu lesen, rufen Sie bitte die Originalversion auf, und zwar hier.
Attachments
- Original document
- Permalink
Disclaimer
Munich Re Group - Münchener Rück AG published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 05:40:03 UTC.
