Security and availability

Ensuring the protection of persons, information, property and financial assets is of fundamental importance for Munich Re. The same applies to our ability to maintain business operations when protective measures fail or new operational risks occur.

Meeting these objectives requires professional risk management in all the Group’s operational and central units. Central responsibility for the coordination and monitoring of the relevant activities lies with the unit Group Security and Continuity Management (GSCM), located in the Integrated Risk Management Division. We focus particularly on an appropriate cost-risk relationship and on the consistency and balance of the loss prevention and minimisation measures taken. Headed by the Chief Security Officer (CSO), the GSCM ensures that the relevant processes and guidelines are implemented, updated and complied with throughout the Group. The CSO is also responsible for coordinating the protection of persons, property and information, as well as availability management. He supervises a global network of specialists from reinsurance, primary insurance and asset management with interfaces to the compliance officers, to internal audit, to data protection officers and to the operational units for protection of persons and property, as well as IT security. In addition, he is in charge of the security training and awareness programme for employees, geared to developing the security culture as a cornerstone of a successful protection concept.