The largest projects in the world build on our knowledge

Safety boots rather than a tie

Munich Re’s expertise in the field of engineering insurance is second to none - and has been for over a hundred years. Starting with the relatively simple form of machinery insurance that was introduced in 1900, concepts soon evolved for insuring more complex projects. Erection all risks insurance was brought onto the market with Munich Re’s support in 1924, and special insurance cover for buildings and structures has been available since 1929. The sums for mega-buildings, which are covered under such policies, are in the multi-billion euro range nowadays.