Soft Market: Munich Re plans relocation of jobs to India Poland

Natural disasters cause US$224bn global damage in 2025, insured losses at US$ 108bn, says Munich Re

In the Asia-Pacific region, natural disasters resulted in overall losses amounting to roughly US$ 73bn; this is above the 10-year average of US$ 66bn. Only US$ 9bn was insured. In many lower-income countries, insurance penetration remains below 5% Munich: Natural...
Soft Market: Munich Re plans relocation of jobs to India Poland

Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance

Geothermal power is an abundant energy source that can provide clean electricity and heat crucial for meeting net zero goals, and is expected to make up a sizable share of Germany’s future heating needs. But the big upfront costs needed for drilling can often exceed...