How Munich Re Assesses Risk

The world's biggest reinsurer works to locate the dangers in a rapidly globalizing economy
Photo Illustration by Labour for Bloomberg Businessweek

Last Apr. 14, Iceland's Eyjafjallajokull volcano erupted. Five days later, Nissan Motor shut down three auto assembly lines in Japan. The factories had run out of tire-pressure sensors when a plane carrying a shipment from a supplier in Ireland was grounded because of volcanic ash. At a BMW plant in Spartanburg, S.C., work slowed after transmissions couldn't be delivered from Germany.

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