Von Bomhard: Disruptive technology is not the biggest danger to insurers

Nikolaus von Bomhard seems relaxed when it comes to the topic of disruptive forces changing the insurance industry. The chief executive of reinsurance giant Munich Re does not believe one of the big internet players, such as Amazon, Google or Facebook, will enter the insurance market without a partner from the industry. “They have huge respect for the insurance industry,” he told delegates at a recent industry conference near Cologne. Regulation is one reason for this respect, he says. Would Munich Re be prepared to be such a partner for Google or another internet giant? “We would surely consider it,” ...