32 slides from Munchener Ruckversicherungs-gesellschaft's conference presentation, Nov 8, 2023
Slide 1: Transforming risk into trust
Transforming risk into trust Munich Re Group Power and Utilities Underwriting November 8th, 2023 – New York City Power business – Broker’ Symposium Image: Sasi Ponchaisang / EyeEm / Getty Images
Slide 2: Welcome to the 1st Power Broker' Symposium
Welcome to the 1st Power Broker’ Symposium Roman Gromotka | UW Manager Andrew Zastrow | UW Manager You, your clients, and Munich Re share the same goal: to enable large-scale projects and operational accounts. Munich Re Group – Company Presentation 22 August 2025 2
Slide 3: Agenda
Agenda 1. Welcome (Andrew, Roman) 2. Team Introduction (Anna, Kerri, Marc, Maurizio) 3. Anna: Power UW introduction & Operational business: Conventional Power 4. Kerri: renewables ops 5. Maurizio: NATcat exposure and accumulation 6. Marc: Risk appetite, ESG topics and impact on business 7. Wrap up &
Slide 4: Power Underwriting Team
Power Underwriting Team Anna Kerri Marc Maurizio Springinklee Tanner Feisst Scavazzon Munich Re Group – Company Presentation 22 August 2025 4
Slide 5: Anna Springinklee
Anna Springinklee Personal Work Born and raised in Passau, Germany Munich Re (since 2021) Challenges Munich with term assignments in France & UK Curiosity Space Industry: Space Transportation Systems Stereotyped Thinking Engineer Fixed Mindset France and French Guiana Languages & Skills German Syste
Slide 6: Kerri Tanner
Kerri Tanner Personal Work Born and raised Connecticut • Munich Re (from 2021) diverse knowledge • Gen Re Property Fac and Programs, NYC kindness and teamwork • Various non-insurance slow movement • Solar cell manufacturing quality engineer closed mindset • Manufacturing operations for consumer good
Slide 7: Maurizio Scavazzon
Maurizio Scavazzon Personal Work Born and raised near Venice, Italy • Munich Re (from 2016) learning new things • TÜV SÜD – Smart Grid Testing & Certification simplifying complex things • Self employed – Utility Automation Systems repetitive activities negative attitudes Languages & Skills Italian B
Slide 8: Marc Feisst
Marc Feisst Personal Work Born in Offenburg, Germany and raised in • Munich Re (from 2009) Italy, near Verona • Siemens Energy – Commissioning of CCPPs and open mindset of people Project Management finding the right solution uncertainties dishonesty Languages & Skills German Commissioning of English
Slide 9: Power UW introduction & Operational business: Conventional Power
Power UW introduction & Operational business: Conventional Power Anna Springinklee Underwriter, Munich 1 Munich Re Group – Company 22 August 9 Presentation 2025
Slide 10: Power & Utility Underwriting Introduction – Facultative Reinsurance US
Power & Utility Underwriting Introduction – Facultative Reinsurance US Our journey We want to enable large-scale projects as conventional power plants, renewable energy (PV, wind farms, BESS) and other power- related industrial projects and operational power accounts from single power plant operatio
Slide 11: Occupancies – Conventional Power
Occupancies – Conventional Power Overhead lines and transformers if within and part of power Hydroelectric power stations station Diesel engine or oil-fired power stations (environmental, Combined cycle power stations social and governance aspects, case by case basis) Gas turbine power stations Wast
Slide 12: Appetite Guidelines – Conventional Power
Appetite Guidelines – Conventional Power How we work General principle of Exposure driver: Multilocation account: Our UW strategy and Reinsurance: • MB and linked BI Portfolio analysis technical UW approach • Named cedent underwriting information • NatCat in specific Review of submission documenta
Slide 13: Key Submission Information – Conventional Power
Key Submission Information – Conventional Power • Accurate location data – address or lat/long data • Layout and site plan • Technology: • Specific technology used, including brand and model of units (for example: detailed turbine and generator manufacturer, exact type, power output, manufacturing y
Slide 14: Renewables ops
Renewables ops Kerri Tanner Underwriter, New York 2 Munich Re Group – Company 22 August 14 Presentation 2025
Slide 15: Occupancies
Occupancies Solar Farms Wind Farms Battery Energy Storage (BESS) Munich Re Group – Company Presentation 22 August 2025 15
Slide 16: Appetite Guidelines
Appetite Guidelines Preferences for... Preferences against... Proper policy language Prototypical technologies Serial loss clause High loss frequency, even if total loss dollars are Microcracking endorsements relatively low Specific endorsements depending on model Uncapped cat perils
Slide 17: Key Submission Information
Key Submission Information • Accurate location data – address or lat/long • Specific technology used, including brand and model of units • Number of units and size of individual units as well as total site size • MW for Solar / Wind • MWh for BESS • Certification documents (UL, NFPA, etc) • Client e
Slide 18: Munich Re Outlook
Munich Re Outlook The prevalent technology today These classes are constantly may be obsolete within a few years evolving and changing, on the – that will have an impact on the technology and insurance sides approach from insurance market Munich Re has extensive teams Our goal is to be a long focusi
Slide 19: NATcat exposure and accumulation
NATcat exposure and accumulation Maurizio Scavazzon Underwriter, Munich 3 Munich Re Group – Company 22 August 19 Presentation 2025
Slide 20: Renewables and vulnerabilities
Renewables and vulnerabilities Tornado Lightning Hail Fußzeile bearbeiten: Einfügen > Kopf- und Fußzeile (Titel der Präsentation und Name des Redners) 22.08.2025 20
Slide 21: Hazard Maps
Hazard Maps Munich Re RiskMapper Wildfire Tornado Hail Fußzeile bearbeiten: Einfügen > Kopf- und Fußzeile (Titel der Präsentation und Name des Redners) 22.08.2025 21
Slide 22: Risk Appetite – NatCat Limits
Risk Appetite NatCat Limits 05 06 01 01 04 01 05 02 04 02 03 02 04 03 03 EQ WILDFIRE HAIL Sublimit for specific Peril/Limit vs TIV Fußzeile bearbeiten: Einfügen > Kopf- und Fußzeile (Titel der Präsentation und Name des Redners) 22.08.2025 22
Slide 23: Accumulation control: Heatmap: capacity deployed
Accumulation control Heatmap: capacity deployed Fußzeile bearbeiten: Einfügen > Kopf- und Fußzeile (Titel der Präsentation und Name des Redners) 22.08.2025 23
Slide 24: Accumulation control: overlay with Hail hazard map
Accumulation control Heatmap: capacity deployed – overlay with Hail hazard map Fußzeile bearbeiten: Einfügen > Kopf- und Fußzeile (Titel der Präsentation und Name des Redners) 22.08.2025 24
Slide 25: Accumulation control UW process
Accumulation control UW process CLEARING ACCUMULATION CONTROL Risk related Are we committed on other risks nearby? Is MR already on this risk? Fußzeile bearbeiten: Einfügen > Kopf- und Fußzeile (Titel der Präsentation und Name des Redners) 22.08.2025 25
Slide 26: Risk appetite and Conclusions
Risk appetite and Conclusions Marc Feisst Sr. Underwriter, Munich 4 Munich Re Group – Company 22 August 26 Presentation 2025
Slide 27: General
General Unchanged strategy of Munich Re regarding facultative reinsurance of operational power risks/accounts We do pure reinsurance and we take care of operational Power Plants with you as a broker presenting to us the needs of your client, the cedant. We do all kind of power plants, convention
Slide 28: Risk Appetite
Risk Appetite What we do What we don’t do QS on single locations possible buffer layers XS of loss on multilocation accounts, adequate deductible buy down attachment point to be choosen according to the BI standalone exposure of the account Coverage with clear PD-trigger is needed NatC
Slide 29: ESG
ESG What we can do What we can’t do Combined Cycle Power Plants using NG as main Coal fired power plants fuel we have them in our portfolio. Reciprocating Engines using NG as main fuel MR‘s aim is to reduce involvement over the next years. Renewable Energy Power Plants Therefore no new coal
Slide 30: Q&A
Q&A Munich Re Group – Company Presentation 22 August 2025 30
Slide 31: Your Contacts: Underwriting Power US
Your Contacts Underwriting Power US Conventional Power & Renewable Energy “The world of civil engineering and energy is on the move – and Munich Re is equipped to help you move with it. Our engineers have hands-on industry know-how and are experienced in covering the world’s biggest construction pro
Slide 32: Thank you for your interest!
Thank you for your interest! Image: Sasi Ponchaisang / EyeEm / Getty Images