Munich Re launches all-in-one insurance solution for Greater China marketMunich Re has released a modular all-in-one insurance solution for the Greater China market, leveraging its extensive knowledge of risk and technology.
The new modular product, called Flexisafe, is an umbrella primary insurance policy which combines the most common insurance products many customers need – home content, liability, personal account protection, personal accident, and travel. Each Flexisafe policyholder can decide at any time to increase or decrease the sum insured for each product. For example, they can choose to decrease their home content insurance and increase their travel insurance coverage when they’re in a period of frequent travel. The adjustment can be made anytime within the corresponding insurance premium amount that has been paid. This means there are no additional costs for the policyholder.
