Munich Re is refining its risk management practices to better deal with complex accumulation risks as part of its efforts to cover emerging risks.
Speaking at the Rendez-Vous de Septembre in Monte Carlo, Monaco, recently, Rainer Sachs, head of group accumulation and emerging risks, said the German reinsurer has created a software program called the Complex Accumulation Risk Explorer to deal with complex risks and the interactions among them. The program, which is a trial version, is a tool that analyzes accumulation scenarios, such as the consequences of a prolonged period of heat and drought, which could affect such things as energy generation and air pollution.
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