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Property, Engineering, Marine

With Gen Re’s full range of products and highly trained specialists, you’ll find the reinsurance solution that’s right for you.

Property, Engineering, Marine

We offer Treaty and Facultative (Individual Risk and Programs) reinsurance solutions for a broad range of Property exposures and coverages including:

Commercial Property, Agriculture, Natural Catastrophes, Engineering, and Marine. As a direct reinsurer, we underwrite and assess each risk alongside you. We work with you, sharing expertise and technical knowledge, always with the goal of helping you meet your reinsurance and business objectives.

Production of Lithium-Ion Batteries
The demand for lithium-ion batteries (LIBs) is increasing and with it the number of LIB production facilities worldwide. Leo Ronken describes the manufacturing process, associated risks, and provides tips for underwriting.
Leo Ronken
Generative Artificial Intelligence in Insurance – Three Lessons for Transformation from Past Arrivals of General-Purpose Technologies
Past arrivals of GPTs offer insights into potential implications of the diffusion process of Generative AI. What do these observations imply for an insurer’s technology choices in the Generative AI adoption process? How can business leaders steer the diffusion of this technology in the organization?
Frank Schmid
P&C Claims Inflation 2022–2023: Australian vs. Global Perspectives
In 2022 residential construction in Australia broke a new annual inflation record, with construction costs increasing by 11.9%. Supply chain disruptions, particularly since 2020, have impacted the cost of some core materials. We look at the key drivers of social inflation and what is driving excess claims inflation.
Nicholas Zambetti
Human Activity Generates Carbon and Warms the Atmosphere. Is Human Ingenuity Part of the Solution?
Do we have the means to physically remove atmospheric carbon and help keep temperature rises within acceptable levels, limiting future risk while also easing the transition from fossil fuels? If so, what could that mean for insurers and the policyholders they serve? Let’s take a look.
Timothy Fletcher
Generative Artificial Intelligence in Insurance – Four Aspects of the Current Debate
Generative AI is widely regarded as a general-purpose technology (GPT). The arrival of a GPT is a rare event, even in modern times. Our CTO examines the current debate around the use of generative AI in the insurance industry and highlights four aspects in terms of potential consequences for consumers, employees, insurers and the insurance market.
Frank Schmid
Property

Property

The risks in the commercial and industrial sectors are manifold and are characterized by rapid technological changes.

Our solutions address the volatility losses as well as unique characteristics and exposures across the property spectrum on an entire portfolio, from Treaty and Facultative programs to highly customized Facultative coverages on individual risk.

We also support you with targeted analysis and consulting services, software tools, and seminars and publications on current developments.

Engineering

Our Engineering specialty underwriting team offers a broad range of reinsurance solutions to cover commercial and industrial risks such as Machinery Breakdown, Construction All Risk/Erection All Risk (CAR/EAR) including ALOP/DSU.

For Energy classes of business with unique issues and exposures, we created dedicated specialty underwriting teams.

Engineering
Natural Catastrophe

Natural Catastrophes

Rising NatCat activity in recent years (i.e., flooding, storms, hail, and wildfires), also driven by climate change, creates challenges for the re/insurance industry. In addition, insured values in regions exposed to natural catastrophes are rising steadily. At Gen Re, an experienced team with a long-standing history in underwriting and own risk models will help you meet your reinsurance and business objectives.

We use a tailored approach that ranges from evaluating and selecting from the available vendor products to a pure proprietary model development to adequately address each country and peril in our client portfolios.

Furthermore, our geoscientists (e.g., Meteorologists, Hydrologists, Seismologists) make use of the latest research and data to respond to the highly dynamic environment where a changing climate and rapid urbanization challenge the value of historic observations.

Marine

We offer reinsurance solutions across a broad range of Ocean and Inland Marine exposures. To succeed in today's rapidly changing global environment, our teams combine global expertise with local know-how.

Our product offerings include Ocean Cargo, Commercial Hull (Ocean/River), Yachts, Builders Risk, and Marine Liabilities.

Marine
Claims

Claims

Gen Re has a wealth of experience and expertise in Property, Marine, and Engineering claims. Our claims professionals value the opportunity to share our perspective on complex claims and work through issues with clients.

We monitor trends and emerging risks to remain at the forefront of claims partnerships. We aim to foster close working relationships with our clients and add value through the claims management process.

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