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The definition of reinsurance

Mairi Mallon catches up with Torsten Jeworrek of Munich Re and encounters a mood of cautious optimism at the world number one

Torsten Jeworrek owes his place at the top management level of the world's second largest reinsurer, Munich Re, to his wife Birgit ... and a dictionary.

Back in 1990, Birgit read out the definition of

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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