Münchener Rückversicherungs-gesellschaft Aktiengesellschaft Stock News

The organisation will also hike its dividend

German reinsurance giant Munich Re more than doubled its net profit in 2021 despite a string of natural disasters, the company said Wednesday, setting its sights on an even higher target this year

German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims from natural disasters. Marked by devastating hurricanes and cold snaps in

Germany''s Munich Re has reported profit of more than 2.9 billion for the 2021 financial year, as gross premiums written (GPW) hit a record high in the

German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims from natural disasters.

German reinsurance giant Munich Re has announced plans to buy back shares for a maximum value of 1 billion between the completion of its 2022 and 2023 Annual General Meeting (AGM). On the basis of the February 21st share price, the 1 billion share buy-back in the period between April 29th, 2022, and the AGM [] The post Munich Re announces 1bn share buy-back and increase in dividend appeared first on ReinsuranceNe.ws .

SBI Life has put up strong numbers over the past years despite Covid headwinds. Looking at the CAGR over 5 years, the company’s gross and net premium increased by 19% on account of growth in renewal premium and new business premium. Its growth in the period is higher than that of its peers, whereas its net income from investment grew at a CAGR of 28%.The life insurance sector was heavily affected in 2020 due to the pandemic. According to the Insurance Regulatory and Development Authority (IRDAI)’s annual report, Life insurance claims increased 3-4 times. The life insurance industry paid benefits of Rs 3.99 lakh crore in 2020-21 (Rs 3.51 lakh crore in 2019-20), which constituted 63.42% of the gross premium underwritten (61.35% in 2019-20). The sharp rise in claims, low prices of term plans and a rising demand for life insurance resulted in reinsurers raising prices by 30% to 40%. General Incorporation of India raised prices first last year. This was followed by Munich Re, the largest foreign reinsurer in India, which hiked the premium of term policies by 30-40%.

Last year was the second-costliest ever for the insurance sector as Hurricane Ida and flash floods in Europe racked up losses from natural disasters, insurer Munich RE said in a

Natural disasters cost insurers $120 billion in 2021, Munich Re says

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--Viewers can access AM Best Webinar Highlights, sponsored by Munich Re, to learn about emerging cyber risks and what insurers must do to address them. Panelists include: Brendan Rooney, managing director, Tracepoint Annamaria Landaverde, senior vice president and cyber team lead, Munich Re US Tim Zeilman, vice president and global product owner-cyber, Hartford Steam Boiler The video-based interactive presentation is available here. The webinar was compiled into th

Viewers can access AM Best Webinar Highlights, sponsored by Munich Re, to learn about emerging cyber risks and what insurers must do to address them. Panelists include: Brendan

OLDWICK, N.J.--(BUSINESS WIRE)--Viewers can access highlights from an AM Best webinar sponsored by Munich Re to learn about the increase in severity of floods, as well as solutions and what the industry can do to spur consumers to purchase coverage. Panelists include: Serena Garrahan, vice president, inland flood product manager, Munich Re U.S.; Linda Jancik, product manager, American Association of Insurance Services (AAIS); and Rob Olson, senior research analyst, International Risk Management

Rich communication services (RCS) provider and big data analysis solutions developer FingerMotion has announced an agreement with Munich Re to form a collaborative research alliance to benefit life and health insurance risk evaluation FingerMotion focuses its SMS, MMS, and big data products on Chinas huge high-end phone consumer market The companys most recent quarterly report Continue reading "FingerMotion Inc. (FNGR) Research Agreement with Munich Re Sets Stage for Predictive Insurance Analysis Growth" The post FingerMotion Inc. (FNGR) Research Agreement with Munich Re Sets Stage for Predictive Insurance Analysis Growth appeared first on NetworkNewsWire .

On December 6, 2021, FingerMotion, Inc. issued a news release to announce that its subsidiary, Shanghai JiuGe Information Technology Co., Ltd. and Munich Re, a large global reinsurer, formed a collaborative research alliance in extending behavioral analytics to enhance understanding of morbidity and behavioral patterns in the China market, with the goal of The post FINGERMOTION, INC. FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits appeared first on InsuranceNewsNet .

FingerMotion (OTCQX: FNGR), through its subsidiary Shanghai JiuGe Information Technology Co. Ltd., is working with Munich Re, a large global reinsurer, to add value for both insurers and end insurance users. The two entities have formed a collaborative research alliance with a focus on extending behavioral analytics to enhance understanding of morbidity and behavioral patterns [] The post ChineseNewsBreaks FingerMotion Inc. (FNGR) Announces Collaborative Research Alliance Targeting Transformation of Life, Health Insurance on Annual Meeting Business Items appeared first on InsuranceNewsNet .