Gunther Kraut is an experienced reinsurance professional with detailed knowledge of insurance products and risk transformation. He has been with Munich Re for 14 years, structuring its first pandemic risk retrocession programme in 2013. Later, he initiated and co-led the Epidemic Risk Business innovation project, which was then transformed into a discrete business unit with a global mandate. Gunther is a regular speaker at conferences. He holds a diploma degree in financial mathematics from the Technical University of Munich and a business degree from LMU Munich. Subsequently, he obtained a PhD in risk and insurance with a research focus on extreme mortality risks such as pandemics.