All Swiss Re articles – Page 4
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NewsSwiss Re: Natural catastrophes in 2021: the floodgates are open
In 2021, there were more than 50 severe flood events around the world, resulting in combined economic losses of more than USD 80 billion.
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NewsSwiss Re debuts ‘enhanced’ oil and gas policy
Reinsurance firm Swiss Re will no longer provide individual insurance covers for the top 10% of the most carbon-intensive oil and gas producing companies from July 2023.
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NewsBrit appoints chief technology officer from Swiss Re insurtech startup
(Re)insurance business Brit has appointed Bilge Mert as its new chief technology officer, to help the firm deliver a data driven and technology empowered platform for underwriting, claims and operations.
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NewsSwiss Re appoints new Group Chief Digital & Technology Officer
Swiss Re announced today the appointment of Pravina Ladva as Group Chief Digital & Technology Officer and member of the Group Executive Committee, effective 1 January 2022. Group Chief Operating Officer Anette Bronder will leave the company, and Group Operations will be reorganised.
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NewsSwiss Re agrees to sell elipsLife to Swiss Life International and to enter into a long-term partnership supported by reinsurance
Swiss Re announced today that it has agreed to sell its life insurance subsidiary Elips Life AG (“elipsLife“) to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife’s in-force and new business.
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NewsSwiss Re and Chinese tech giant Baidu partner to advance the ecosystem of autonomous driving
Russell Higginbotham, CEO Reinsurance Asia & Regional President Asia, said: “Our partnership with Baidu is a milestone in Swiss Re’s efforts to access new risk pools and close the protection gap through Swiss Re’s risk management expertise and innovation capabilities.
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NewsSwiss Re estimates Hurricane Ida claims at USD 750 million
Swiss Re estimated its preliminary claims burden from Hurricane Ida at approximately USD 750 million[1]. On an industry level, Swiss Re estimated total insured market losses to be in the range of USD 28–30 billion[2].
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NewsSustainability: Time to invest in biodiversity
Nature-based solutions can help organisations achieve greater resilience in the face of a changing climate
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NewsSevere weather events drive global insured catastrophe losses of USD 42 billion in first half of 2021
A deep winter freeze, hailstorms and wildfires contributed to natural catastrophe losses of USD 40 billion in the first half of 2021, according to Swiss Re Institute’s preliminary sigma estimates.
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NewsSwiss Re posts strong profit of USD 1.0 billion in first half 2021
Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “We are very pleased with the improved profitability achieved by the Group in the first half of this year.
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NewsSwiss Re teams up with Milliman Appleseed to accelerate new entrants offering private flood insurance
The new simplified product offering was developed by Swiss Re to provide flexible coverage for low and moderate flood risks.
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NewsSwiss Re’s iptiQ and ImmoScout24 launch digital loss of rent insurance
Swiss Re’s iptiQ is a white-label provider of property & casualty and life & health insurance. Its unique B2B2C business model, combined with the iptiQ platform, enable brands like ImmoScout24 to offer new digital insurance solutions to their customers.
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NewsSwiss Re sees rising premium trend intact
The trend of rising reinsurance premiums, driven by high claims payments related to the coronavirus pandemic and a record hurricane season, is continuing as the next policy renewal round looms on July 1, Swiss Re said on Thursday.
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NewsCOVID erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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NewsSwiss Re Q1 net income of $333mln P&C Re combined ratio 96.5%
Swiss Re’s Group Chief Financial Officer John Dacey said: “The return to profitability this quarter in our property and casualty businesses underlines the earnings potential of our diversified business model.
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NewsSwiss Re publishes its 2020 Financial Condition Report
Swiss Re today published the 2020 Financial Condition Report for the Swiss Re Group and regulated re/insurance legal entities domiciled in Switzerland for the reporting period ended 31 December 2020.
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NewsSwiss Re announces ambitious climate targets; accelerates race to net zero
Swiss Re today announced new measures to support the transition to a net-zero economy, encompassing both asset management and underwriting as well as its own operations.
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NewsSwiss Re reports strong underlying performance in 2020, despite large losses related to COVID-19
Swiss Re reported a Group net loss of USD 878 million for 2020. Excluding USD 3.9 billion of COVID-19-related claims and reserves (pre-tax) for the year, Swiss Re’s net income was USD 2.2 billion, a material increase from USD 727 million in 2019. Based on the Group’s ...
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NewsSwiss Re and Diameter Health join forces for breakthrough in digital health data
Swiss Re and Diameter Health join forces to offer first-ever scalable solution to use electronic clinical health data for life insurance underwriting.
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NewsInsurers face ‘mind-blowingly’ large loss if Olympics cancelled
Insurers are facing a $2-3 billion loss if the Tokyo Olympics are cancelled this year, amounting to the largest ever claim in the global event cancellation market, brokers say.
