It was an incredible privilege to participate in the recent international study tour to Germany, organized by the Insurance Institute of Gauteng (IIG). This immersive experience provided valuable exposure to global insurance and risk management practices, with visits to some of the industry’s most influential organizations and institutions.
Our journey began in Munich, where we had the unique opportunity to engage with Munich Re, one of the world’s leading reinsurance companies. Their insights into climate risk, digital transformation, and emerging global risks highlighted the strategic importance of innovation and resilience in today’s reinsurance landscape.
We also visited Allianz, a global insurance and asset management leader headquartered in Munich. Discussions focused on evolving customer expectations, sustainability in underwriting, and how Allianz continues to shape the future of insurance with advanced data analytics and customer-centric approaches.
In Hamburg, we explored the bustling Port of Hamburg, a key hub for international maritime trade. This visit offered a practical understanding of marine and transport insurance, with firsthand insights into port operations, logistics risk, and global supply chain resilience.
A key highlight in Hamburg was the visit to HDI Global (HDI Germany), a major international industrial insurer . Their presentations focused on industrial risk management, cyber resilience, and global program solutions—demonstrating how they serve multinational clients with tailored and innovative insurance products.
In Stuttgart, we toured the Mercedes-Benz Museum, a powerful symbol of innovation, engineering, and the legacy of German manufacturing. The experience served as a reminder of how risk, design, and technology intersect in the automotive sector—an area of growing importance with the rise of electric vehicles and autonomous driving.
One of the highlights of the trip was attending sessions with the International Union of Marine Insurance (IUMI), where global marine insurers gathered to discuss current trends, risks, and regulatory developments. Topics such as cybersecurity in shipping, environmental risks, and sanctions compliance provided deep insights into the complex world of marine underwriting.
This journey offered more than just corporate visits—it was a platform for meaningful exchange, networking, and learning. Engaging with professionals from around the world has broadened our perspectives, deepened our understanding of international markets, and reinforced the critical role of insurance in navigating global risks.
We return to South Africa enriched, inspired, and ready to apply the knowledge gained to our local context, contributing to the growth, resilience, and innovation of the African insurance industry.
