Energy Transition – Insurer’s View on Challenges of Climate Change
The (re-)insurance industry is heavily exposed to the effects of climate change. Munich Re has been scientifically researching this aspect for almost 50 years. Tackling climate change and supporting the energy transition is crucial to keeping risks insurable. In addition to investing in renewable technologies and influencing industry by exiting coal insurance, de-risking new technologies is a major task to support the ecosystem investing in new technologies such as solar, wind, storage or fuel cells. That is why Munich is the leading market in introducing various performance warranties for new technologies to enable business growth and support bankability.
Michael is Global Head of Munich Re's Green Tech Solutions Team with offices in Munich, San Francisco, Hong Kong and Tokyo. Green Tech Solutions (GTS) develops and offers innovative insurance solutions for Renewable Energy and Energy Efficiency Technologies. Major achievements are innovative performance warranty solutions for green technologies like Solar, Wind, Energy Storage, BioEnergy or Fuel Cells to support bankability, improve financing and enable large projects. Previously Michael worked as a Senior Underwriter for Special Enterprise Risks, which he joined in 2009. Prior to Munich Re, he was a research assistant at Karlsruhe Institute of Technology and also engaged in several risk consulting projects for various industries. Michael holds a mathematical degree from University of Karlsruhe and had a lectureship for actuarial science at Karlsruhe Institute for Technology from 2009-2013.