Presentation - Renewals 2004 - Munich Re
Presentation - Renewals 2004 - Munich Re
Presentation - Renewals 2004 - Munich Re
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Lines of business – Aviation/Space<br />
Overview<br />
Overview<br />
Aviation<br />
<strong>Re</strong>insurance group Business units / Lines of business<br />
Outlook<br />
– Rate reductions throughout underwriting year 2003<br />
– Rate level still adequate<br />
– Further rate reductions to be expected unless higher claims<br />
frequency occurs<br />
– Price reductions for portfolios with unchanged exposures<br />
Space (no specific renewal date)<br />
– Increased number of satellite launches planned in <strong>2004</strong><br />
– Slight premium increase due to higher rates<br />
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