As one of the leading reinsurers, we appreciate that our clients expect excellence from Munich Re. That is why we need to offer top class solutions in order to remain relevant to our customers.
About the Partnership
As a premium reinsurer, we strive to offer our clients added value in addition to our traditional reinsurance capacity. That is why we think it is important to provide extra services beyond what our competitors may offer. This is a crucial way of establishing long-term client relationships. We want to understand the issues that our clients face along their process and value chain and to offer them solutions and services that will help them gain a competitive advantage that results in a positive economic impact.
FRISS is a perfect example of this relationship. In many Latin American markets, automated risk analysis and automated fraud detection still are in the early stages of development. With FRISS, we can offer our clients a sophisticated already existent digital solution for automated fraud detection to which they may not easily have had direct access to. In turn, this will improve their services to insureds, help to reduce overall costs and losses and make insurance more “honest.”
About Munich Re
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake through to the 2017 Atlantic hurricane season and to the California wildfires in 2018. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.