Product responsibility

Through its products Hannover Re plays a general part in enabling many people around the world to enjoy insurance protection. Only thanks to internationally operating reinsurers are primary insurers even able to protect people against potential major losses – such as earthquakes – in exposed regions. Going forward, Hannover Re will dedicate itself with even greater vigour to ensuring that especially the poorest population groups are able to protect themselves by buying so-called micro-insurance products. Furthermore, we intend to increasingly add to our portfolio insurance products that systematically promote some aspect of sustainability. With this in mind, we launched the “Energy Savings Warranty” programme on the market in the year under review. The new insurance product is designed to give US homeowners incentives to invest in energy-saving technologies and energy-efficient construction methods. The programme provides an insurance backstop for energy saving guarantees given by Energy Service Companies that upgrade buildings and commit to deficiency payments if the remediation fails to deliver the promised energy savings.