Risk management is a core task of enterprise management. Following identification and quantification of all risks it is possible to define strategies for their avoidance and tolerance. For insurers, the identification, analysis and evaluation of risks therefore mark the beginning of a process that is of vital importance to their competitiveness. Based on the insights gained in this way, each company can define its own risk strategy: avoidance, transfer or deliberate tolerance of risk as well as the associated allocation of risk capital are key elements of an enterprise strategy that seeks to increase the value of the company and optimize the benefit to the customer.
Reinsurance is a traditional risk management tool. The transfer of risk to a strong partner relieves the strain on capital, thus significantly easing an insurer's capital requirements and stabilising the company's balance sheet. Gen Re Life/Health offers you the specially tailored reinsurance programmes you need to achieve your risk management objectives.
A variety of topics related to general risk management and the management of financial and product risks are addressed at our Risk Management Seminar which takes place on a yearly basis in autumn.