In 1973, Munich Re became one of the first companies to draw attention to man-made climate change as a possible cause of increasing losses. The 2007 IPCC (Intergovernmental Panel on Climate Change) report confirms what Munich Re has long maintained: the climate is changing. It is more than 90% probable that this is largely due to climate-changing trace gases released into the atmosphere by human activities.
As the temperature rises, so do the losses. Economies and insurers face ever-increasing challenges. »more
Munich Re’s first geoscientist joined the company in 1974. The Geo Risks Research unit now numbers 25 specialists from all the relevant disciplines. »more
Every risk involves opportunity. And that also applies to climate change. »more