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Munich Re

PRI reporting framework 2020

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.3. Additional information. [Optional]

Munich Re is the number one choice for all matters relating to risk 

To ensure high-level expertise in the respective business fields, we bundle our services and products in two separate units – reinsurance and ERGO – under the umbrella of Munich Re Group. MEAG manages the assets of Munich Re and ERGO.

 

The reinsurance group – Pioneering concepts that make tomorrow’s world insurable

With gross premiums written of €33.8 bn from reinsurance alone, Munich Re is one of the world's leading reinsurers and operates in life, health and property-casualty business. 

As a reinsurer, Munich Re writes business in direct collaboration with primary insurers, but also via brokers and increasingly within the framework of exclusive strategic partnerships. Munich Re offers clients handling industrial and major-project business a wide range of specialised products and customised insurance solutions and services. 

Munich Re does business with over 4,000 corporate clients in 160+ countries.

Munich Re’s employees bring extensive underwriting experience, global and local market insight and cross-segment expertise to the customers they serve – a strength that has repeatedly earned Munich Re top rankings in client surveys.

 

ERGO – Primary insurance for companies as well as consumers at all stages of their lives

With 30,000 employees and sales representatives worldwide, ERGO Group AG offers customers a comprehensive spectrum of insurance.

German, international, direct and digital business are bundled under the umbrella of ERGO Group AG. ERGO Deutschland AG concentrates on traditional insurance business in Germany. ERGO International AG manages the Group’s international business. The third pillar, ERGO Digital Ventures AG, is responsible for the Group’s digital and direct activities, including online-only business (nexible). 

Via ERGO, Munich Re offers products in all main classes of insurance: life insurance, German health insurance, and in nearly all lines of property-casualty insurance, as well as travel insurance and legal protection insurance. With these products – in combination with assistance, services and consultancy – Munich Re meets the needs of private and corporate clients. 

With gross premiums written amounted to €17.7bn ERGO Group generated about one third of the Munich Re Group’s total gross premiums written in FY 2019.

 

MEAG – The global asset manager of Munich Re and ERGO

MEAG MUNICH ERGO AssetManagement GmbH manages Munich Re’s investments worldwide and offers its expertise to private and institutional investors. MEAG handles all main asset classes. This includes interest-bearing securities, equities, real estate, renewable energies, and infrastructure. MEAG operates out of Munich New York and Hong Kong.

 


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Germany

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

36608 FTE

02.4. Additional information. [Optional]

36.608 FTE in 2019.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity <10% 6 0 0
Fixed income >50% 72 0 0
Private equity 0 0 0 0
Property <10% 5 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments <10% 5 0 0
Other (1), specify 10-50% 10 0 0
Other (2), specify <10% 2 0 0

`Other (1)` specified

          Participations - AuM include Ergo stake in Munich Re and third party assets
        

`Other (2)` specified

          Renewable Energy, Private Equity, Infrastructure, Forestry, Farmland
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

98 Developed Markets
02 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

 


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