Munich Re has agreed to be a founding anchor partner of Plug and Play China. The latter is the Chinese division of the Silicon Valley-based start-up accelerator and business innovation platform Plug and Play. Fledgling businesses getting involved can now utilise Munich Re’s resources. “China will become an important market for us in the next few years,” said Michael Scheuer, head of
Munich Re has agreed to be a founding anchor partner of Plug and Play China. The latter is the Chinese division of the Silicon Valley-based start-up accelerator and business innovation platform Plug and Play. Fledgling businesses getting involved can now utilise Munich Re’s resources. The German company went into China in 2015, with the goal of teaming with emerging insurtechs and supporting innovation within the reinsurance sector.