Munich Re Doesn’t See Big Impact From Virus, Says CFO

The transcript discusses the impact of the coronavirus on business, particularly in the insurance sector. It covers the company's limited exposure due to pandemic exclusions in policies and its geographic focus. Concerns about equity market drops are addressed, with strategies like conservative positioning and hedging. The definition of a pandemic and its implications for insurance clauses are clarified. The transcript also explores the effects of past disasters on premiums and potential market changes due to the pandemic.

What is the primary reason the company is not heavily impacted by the coronavirus?

• Their geographic focus is more on Northern America.

• Their focus is on Asian markets.

• They have no exposure to the stock market.

• They have pandemic risks included in all covers.

How does the company manage its equity investments during market downturns?

• By selling all equities immediately.

• By ignoring market corrections.

• By using derivatives to hedge against downsides.

• By investing more in Asian markets.

What is the speaker's stance on the definition of a pandemic?

• It is the same as an epidemic.

• It is not relevant to insurance policies.

• It varies and is not crucial to their business.

• It is clearly defined and universally accepted.

Why do many clients choose not to include pandemic coverage in their policies?

• Because it is too expensive.

• Because they are not aware of the risks.

• Because they prefer to self-insure.

• Because they decided not to include it.

What was the impact of last year's disasters on pricing?

• There was no impact on pricing.

• Pricing decreased significantly.

• There was a positive price development in loss-affected areas.

• Pricing remained stable.

What is the expected future impact of the pandemic on insurance markets?

• It is too early to tell.

• There will be no impact.

• Prices will decrease.

• All clients will include pandemic coverage.

How much did new business premiums increase for the company?

• More than 10%

• More than 1%

• More than 2%

• More than 4%