Munich RE Digital Transformation

Munich RE Digital Transformation

Digitalization is changing people's everyday lives as well as the economic environment in which companies operate. The digital transformation will describe the evolutionary process by which - in this case - companies adapt to this digital change. In the following Munich RE's Digital Transformation will be described in detail.


Company name:Munich RE
Logo:Logo Munich RE
Description:One of the largest reinsurers in the world.
Chief Digital Officer (CDO):n.a.

Social Media Munich RE


Chief Digital Officer (CDO)


Social Media Chief Digital Officer (CDO)


External Digitalization

Digitalization is changing the demands that customers and suppliers, but also the market itself, place on the company. External digitalization is about how the company presents itself to the outside world and how it deals with these new requirements in order to be able to continue to operate successfully in the market.

This is about answering the questions:

  • How can I design my product range to inspire the customer? (Raise Net Promoter Score)
  • How can I bring my products to market as quickly as possible? (Go-to-Market strategy)

Digital Unit external

Describes own companies, which deal intensively with the topic digitization and promote this topic. Digital Unit external and Digital Unit internal cannot always be clearly separated from each other.


Digital Business Model (Value Proposition)

A business model describes how a company creates value, communicates that value and records it as revenue. Digitalization creates entirely new ways in which a company can create value that can be integrated into existing business models. Value proposition is the core of the business model, as it determines the benefits a company can offer its customers. Existing companies must therefore review their business models (in particular value proposition) and determine whether a new approach created by digitization should be used to increase the benefits for the customer.

More about digital business model can be found here in the glossary: Business Model.

Insurer of insurers

Digital Accelerators

Accelerators are institutions which support companies, e.g. through consulting, training or personnel, so that they can develop as quickly as possible. Normally these are startups that are helped by Accelerators. In this cooperation, a company already established on the market is supported, which faces new challenges or has to grow into the digital transformation.
More about Accelerators can be found here in the glossary: Accelerator.

Description:Largest public-private climate initiative of the European Union. The initiative also includes an accelerator that promotes clean tech start-ups. In this area, the Accelerator focuses on young companies that want to implement solutions for climate protection.

Both Munich RE and ERGO support the programme by supporting start-ups dedicated to climate change.
Through this concept, the young entrepreneurs benefit from the know-how and financial support while Munich RE and ERGO can anchor new ideas/innovations in the company.

Digital Incubators

Incubators are facilities that create optimal conditions for a company to develop fully. Incubators are also usually associated with startups. In this context, incubators create optimal conditions for successfully integrating the changes associated with digitization into an existing company.
You can find out more about incubators here in the glossary: Incubator.

Name:WERK1 (in Munich)
Description:The WERK1 is a very startup-friendly place and offers cheap offices for digital start-ups as well as an active founder community with numerous events, a founder café and coworking areas for all digital entrepreneurs and people interested in founding a company.

Digital Startups

Digital startups of the corporate.
More about Startups can be found here in the glossary: Startup.

Name:Digital Partners (DP)
Description:With the founding of the startup Digital Partners (DP), Munich RE has created a globally active company to promote digitisation in the insurance industry as well.

DP establishes contacts with young companies that have focused on revolutionising customer experience in the insurance sector.
The aim is to cooperate with these innovative young entrepreneurs.

Description:Relayr sees itself as a driver of the industrial Internet of Things (IIoT)

The company is a partner for companies that want to implement interoperable IIoT solutions (software) to enable a risk-free digital transformation within the company.

Digital subsidiaries

Name:Munich RE Service GmbH
Description:Subsidiary of Munich RE, which concentrates on digitalization. The company is to develop, market and distribute products and services in the field of digital technologies. In this way, risks can be measured and managed and business can be optimized.

Digital Hubs

Digital Hubs are outsourced premises of a company in which innovations are dedicated to the topic of digitization. By means of other work processes and unfastened corporate structures, the networking of internal and external expertise is intended to create digital innovations that drive the company forward.
You can find out more about Digital Hub here in the glossary: Digital Hub.

Name:InsurTech Hub Munich
Description:The InsurTech Hub Munich is a non-profit corporate platform, which has also been recognized as de:hub by the German government. Its mission is to look at and question the current situation in order to promote innovation and create new value for start-ups, insurers, cross-sector partners and investors.


Apps of the corporate.
More about Apps can be found here in the glossary: App.

Google App Store:

Further Apps

App name:D&O Scout
Description:The app is answering key questions in the field of D&O insurance.

A D&O insurance is a directors and officers insurance.
It is therefore a pecuniary loss liability insurance and is taken out, for example, by companies for their own executive bodies and for executives.
Google App Store:

Internal Digitalization

Refers to the digitization of internal company structures and processes. Here, the digitization of the company's own product and service chain is at the forefront.

This is about answering the questions:

  • How can I increase my productivity through even more digital processes?
  • How can I increase my productivity through even more digital processes?
  • How can I achieve faster results through even more digitalisation in the company?

Digital Unit internal

Describes internal company departments or even a direct subsidiary that deals intensively with the topic of digitization and drives it forward. Digital Unit external and Digital Unit internal cannot always be clearly separated from each other.


Digital Strategy

Describes the strategy, i.e. the long-term behavioural plan, of how a company wants to implement digitalization within the company.

Digital transformation as a strategic pillarThe company’s strategy is based on three strategic pillars. One of these is digital transformation. The company wants to become even more digital with regard to both internal and external customer processes.

You can also find more information here.

Digital Governance

Digital Governance ensures that the digital strategy is properly implemented. And - vice versa - governance should serve to support the alignment of the digital architecture. It refers to the management and interaction with employees in connection with the implementation of digitalization in the company.


Digital Architecture

Digital Architecture describes the structure of corporate structures and areas that the company uses to implement digitalization in the best possible way.


Digital Processes

Digital processes refer to processes that the company uses to implement digitalization. Based on this, it is used for the internal digitalization. Usually they are implemented based on a business process map on different levels (e.g. level 1-5). Processes designed on level 1 are End-to-End (E2E) processes. Business Process Management (BPM) is the methodology to design and manage digital processes.


Digital Organization

Type of control of the business units that the company chooses to implement digitalization.


Digital Platform

Describes platforms that the company uses for implementation or as part of its digital strategy.


Digital Tools

Describes tools (e.g. programs) that the company uses to implement or within the framework of the digital strategy.


Special offered digital services

Munich RE as a partner for digitalization at all process levelsThe future is digital and digitalization brings many benefits both for the companies themselves (cost reduction, process efficiency, product innovation, data/information) and for the customers. Digitalization is therefore also a decisive economic success factor. Munich RE therefore does everything in its power to support clients in digitizing their processes at all levels of the value chain.

You can find further information here.

Posts regarding Munich RE

Posts regarding InsurTech

See also

See also (glossary External Digitalization):

See also (glossary Internal Digitalization):

Leave a Reply

Required fields are marked