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Munich Re – Enterprise Tech Ecosystem Series

The annual ICT spending of Munich Re was estimated at $2.8 billion for 2021. A major share of this spending is earmarked for acquiring software, consulting and hardware from vendors. Munich Re is a provider of reinsurance, primary insurance, and insurance-related risk solutions. The company offers customers financial protection when faced with exceptional levels of damage. The company operates its business through five reportable segments: Life and Health Reinsurance, Property-Casualty Reinsurance, ERGO Life and Health Germany, ERGO Property-Casualty Germany, and ERGO International.

The Munich Re enterprise tech ecosystem report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, accelerators, incubators, and innovation programs, technology partnerships, technology introductions, investments, acquisitions and ICT spending among others.

Digital Transformation Strategies

Munich Re’s digitization efforts include active investment in big data analytics, artificial intelligence (AI), and machine learning. This includes setting up dedicated units to capture, structure, and analyze data and make these findings available to all business units.

To gain more insights on digital transformation strategies and initiatives of Munich Re, download a free report sample.

Munich Re Technology Theme Focus

Munich Re is utilizing a number of emerging technologies including artificial intelligence, big data, and cybersecurity among others to enhance its operational and service capabilities.

 

Munich Re Technology Theme Focus

To know about other technology themes under focus for the company, download a free report sample

Munich Re Technology Initiatives

Munich Re has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments and acquisitions over the last few years. For instance, in 2018, the company partnered with ONE Insurance and Axon Vibe to develop the One Coach app, a personalized insurance product that calculates an individual’s risk profile. Axon Vibe utilizes the metadata of Munich Re and shares consumer behavior information with ONE. The app assesses work time, sleep, movements, and various lifestyle choices to formulate risk profiles.

For more insights on other technology initiatives of Munich Re, download a free report sample

Munich Re ICT Spend by Function

  • Data center
  • Communications
  • Network
  • Applications
  • End-user computing
  • Management
  • ICT Service desk

Munich Re ICT Spend by Function

For more insights on ICT spending by function, download a free report sample

Munich Re ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/consulting firms
  • Specialist outsourcers
  • Systems integrators

Munich Re ICT Spend by Channel

For more insights on ICT spending by channel, download a free report sample

Munich Re External ICT Spend by Segment

  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • ICT services
  • Consulting
  • Network and communications
  • Others

Munich Re External ICT Spend by Segment

For more insights on external ICT spending by segment, download a free report sample

Munich Re Tech Ecosystem Overview

Total ICT Spending 2021 $2.8 billion
ICT Spend by Function Data center, Communications, Network, Application, End-User computing, Management, and Service desk
ICT Spend by Channel Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators
External ICT Spend by Segment Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others
Technology Theme Focus Artificial intelligence, big data, and cybersecurity

This report provides:

  • Insight into Munich Re’s technology activities.
  • Insights of its accelerators, incubators, and other innovation programs.
  • Overview of technology initiatives covering partnerships, technology introductions, acquisitions, and investments.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets.

Reasons to Buy

  • Gain insights into Munich Re’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various partnerships.

Key Players

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Google

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Next Insurance

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Bought By Many

Trov

Acko

Helium Systems

Neos

Relayr

Augury

Fraugster

Mnubo

WePredict

Sepio Systems

Zeguro

Meshify

Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Accelerators, Incubators, and Other Innovation Programs

Technology Focus

Technology Initiatives

Investments

Acquisitions

Partnership, Investment, and Acquisition Network Map

ICT Budget and Contracts

Key Executives

About GlobalData

Frequently Asked Questions

The annual ICT spending of Munich Re was estimated at $2.8 billion in 2021.

 

 

 

 

 

The key ICT spending categories by function for Munich Re are communications, data center, network, applications, end-user computing, ICT service desk, and management.

The key ICT spending categories by channel for Munich Re are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.

The key external ICT spending categories by segment for Munich Re are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.

The key technological theme in focus for Munich Re are artificial intelligence, and cybersecurity.

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