Interview with Joachim Wenning



As the head of one of the world's largest reinsurers, Joachim Wenning must assess global risks. So far, he has mainly dealt with earthquakes, droughts, catastrophes and hurricanes. But even his multi-billion dollar group Munich Re could not but capitulate to Corona: "We were not prepared for the economic costs of closures - simply because there had never been lockdowns before.

The virus remains unpredictable for the entire insurance industry, for example in the question of "how certain facts in property and liability insurance will be assessed legally"

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