How much has the transition cost Munich Re? Group-wide, the costs were in the three-digit millions of euros. IFRS 17 affects more than 100 Group companies and more than 50 million insurance contracts, while IFRS 9 concerns over 200 billion euros in assets under management. More t...
The Group’s asset manager is MEAG, whose assets under management as at 30 June 2019 included not only Group investments, but also a volume of €16.4bn (15.5bn) for third parties. Outlook: 2019 profit target remains unchanged at around €2.5bn Taking account of the mentioned risks in the...
MEAG - Asset Manager of Munich Re and ERGOWho we are Portrait MEAG is the asset manager of Munich Re and ERGO. We stand for the Munich Re Group's investments: 140 years of experience, more than 100 investment managers and total assets of €354 bn (as at 30 september 2024). This ma...
meters on the assets and liabilities sides of the solvency balance sheet.With respect to the management of economic value added,we use conceptually consistent value-based and risk-capital-based measurement approaches that are individually geared to the characteristics of each respective field of bus ...
under one roof.An overview of the countries and sectors where Munich Re operates can be found in our Annual Report.3.4bn Munich Re profit 2022We take on risks of many types and complexities worldwide.Munich Re stands for exceptional solution-based expertise,consistent risk management and ...
Each year, natural disasters destroy assets worth billions of dollars. Research indicates: weather disasters are already being influenced by climate change
The operations of BMW Bank GmbH as of December 31, 2020 are broken down by regions in the following table: Total lendings EUR million Customer financing Dealer and importer financing Operating leases (leased assets) Total Germany 5,054.4 2,144.1 12,658.6 19,857.1 Italy 2,826.1 616.0 280.9 3...
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The modular software solution allows organizations to forecast how a portfolio of assets may be financially impacted by climate change risks and natural hazards. What variety of risks it will be exposed to, together with the location and concentration of these risks, and how these risks may change...
Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2013, the Group - which combines primary insurance and reinsurance under one ...