Munich Re

Munich Re, or Munich Reinsurance Company, is one of the world's leading reinsurance firms based in Germany. Reinsurance is a way for insurance companies to protect themselves against large losses by purchasing insurance for their own policies. Munich Re helps insurers manage their risks and supports them by providing expertise in assessing and pricing those risks. It also engages in primary insurance, investment management, and various risk management services. By doing so, Munich Re plays a vital role in stabilizing the insurance industry and ensuring companies can cover claims even after major disasters.