The current outbreak and its unparalleled consequences have served as a wake-up call for risk managers not to underestimate the potential impact of epidemics or pandemics on the balance sheets of their companies. In 2017, Munich Re set up Epidemic Risk Solutions – a dedicated global team with deep expertise in epidemiology, statistics, risk modelling, finance and claims management to provide capacity for public institutions and private sector businesses such as hospitality, manufacturing, retail, mining and construction.
Mr Clinton is a Company Director of Munich Re … Company Name: Munich Re Risk Solutions Ireland Limited: Company Status: NORMAL : Company Address: Asgard House, 19/20 City Quay, Dublin 2: Key Executive: Mr Clinton: Company Size: Log-In To View: Key Contact Profile.
A well designed insurance mechanism is conducive to the emergence of reliable prevention plans, standardised emergency preparedness, up-to-date public information, swift response and containment, enhanced cooperation and accountability for results.As a consequence the overall human suffering and cost burden for societies can be largely reduced. The benefits are obvious as the course and severity of an epidemic can – unlike in the case of an earthquake – be influenced while it is ongoing. This Irish company shares its Eircode with at least 27 other companies. Epidemic Risk Solutions Munich Re is committed to making societies and economies more resilient against epidemic outbreak risk. When it comes to translating our data knowledge into concrete statements regarding the potential economic loss, our technical underwriting is required to understand the very specific needs of our clients.The advantage of an insurance mechanism to protect against epidemic outbreaks stems from an ex-ante financing of the necessary response measures geared to rapidly contain the outbreak itself. We also employ cookies to carry out statistical evaluations of the reach of our websites. We use cookies on our websites to improve your experience as an internet user, and to optimise our online services.
The drastic measures taken by the affected countries to contain the pandemic underline the seriousness of the situation – for societies, the economy, and individuals.In many cases, the financial consequences of an epidemic outbreak have not been covered by insurance, but retained by companies, leading to significant losses or even to bankruptcy in some cases. Clients buy into Munich Re’s Capital Partners’ approachBusiness in warranty and indemnity policies may be booming, but complexInsuring entrepreneurial risks requires highly specialised knowledgeSign up for our newsletter and be informed about new articles about your favourite topics./etc/designs/munichre/mrwebsites/topics-online/current/css/fix.aem-editor.cssEpidemic Risk Solutions – saving lives, protecting economies You can find further information on the cookies we use, and ways to object to the use of cookies for statistical evaluations, in our
Munich Re, and its family of companies, has been a leader in risk for more than 100 years. Evidence suggests that outbreaks are occurring with ever greater frequency as a result of environmental shifts such as deforestation, urbanisation and global mobility. Munich Re therefore taps into partnerships with companies who have unique expertise.
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