The latest sigma “Natural catastrophes in times of economic accumulation and climate change” says that Swiss Re Institute expects that global warming will lead to growing intensity and frequency of severe weather events, but also to more uncertainty in their assessment. Economic and insured losses resulting from such events will rise in the coming decades,… Continue reading Socio-Economic Developments, Climate-Change Effects to Drive Rising Losses from Severe Weather Events: SIGMA
Tag: Swiss Re
Swiss Re to Propose 5% Increase in Regular Dividend
Swiss Re today published its 2019 Annual Report, Sustainability Report and the agenda for the upcoming Annual General Meeting of shareholders (AGM) on 17 April 2020. Swiss Re’s capital position remains very strong, with a Group SST ratio at 232% as of 1 January 2020, above its 220% target. Based on this and confidence in… Continue reading Swiss Re to Propose 5% Increase in Regular Dividend
Digitalization Is Transforming Insurance for Consumers and Suppliers Alike: Swiss Re
Digital transformation empowers consumers to be more informed and independent than ever before, and equips insurers with the tools to cater to customers’ current and future needs. This leads to the development of new data-driven business models, impacting the entire insurance value chain, the latest sigma “Data-driven insurance: ready for the next frontier?“ says. While… Continue reading Digitalization Is Transforming Insurance for Consumers and Suppliers Alike: Swiss Re
Swiss Re to Pass On Climate-Related Price Increases to Insureds: CEO Interview
As the risk transfer industry continues to adapt to the changing climate, Swiss Re is in the process of passing climate-related price increases on to its clients, according to the firm’s Chief Executive Officer (CEO), Christian Mumenthaler. In an interview with CNBC at the 2020 annual World Economic Forum (WEF) in Davos, Mumenthaler discussed the… Continue reading Swiss Re to Pass On Climate-Related Price Increases to Insureds: CEO Interview
Global Catastrophes Caused $56B Insured Losses in 2019: Swiss Re
Total economic losses from natural and man-made catastrophes fell to around USD 140 billion in 2019 from USD 176 billion last year, according to preliminary sigma estimates from Swiss Re Institute. Global insured losses are estimated to be around USD 56 billion, down from USD 93 billion in 2018 and below the annual average (USD… Continue reading Global Catastrophes Caused $56B Insured Losses in 2019: Swiss Re
Swiss Re Agrees to Sell ReAssure to Phoenix Group
Swiss Re announced today an agreement to sell its subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As part of the agreement, which values ReAssure at GBP 3.25 billion, Swiss Re will receive a cash payment of GBP 1.2 billion, shares in Phoenix representing a 13% to 17% stake and be entitled to a… Continue reading Swiss Re Agrees to Sell ReAssure to Phoenix Group
Swiss Re Confirms Strategy, Targets; Plans Further Growth In Reinsurance
Reinsurer Swiss Re on Monday confirmed its strategy, targets and capital management priorities. At Investors’ Day, the company noted that the Reinsurance Business Unit, which remains the core engine of profitability, is pursuing a targeted profitable growth strategy, with strong contribution from Transactions and Solutions. Transactions, which contributed about 30% to the unit’s economic profit… Continue reading Swiss Re Confirms Strategy, Targets; Plans Further Growth In Reinsurance
Insurance Markets Will Grow Despite Weakening Global Economic Growth: SIGMA
Insurance markets continue to support resilience, with global premiums forecast to increase by 3% annually in real terms in 2020 and 2021, despite a slowing world economy. In its latest sigma, “Sustaining resilience amid slowing growth: global economic and insurance market outlook 2020/21,” Swiss Re Institute (SRI) forecasts US and euro area growth next year… Continue reading Insurance Markets Will Grow Despite Weakening Global Economic Growth: SIGMA
Swiss Re and Pioneer to Launch Innovative Telematics Solution for Insurers
Swiss Re and global car electronics company Pioneer have co-developed an innovative telematics solution that provides insurers with better and more personalised risk assessment, while supporting safer driving behaviour. The combined solution will be integrated in Swiss Re’s Coloride app and is set to be launched globally early next year. Swiss Re’s Coloride is one… Continue reading Swiss Re and Pioneer to Launch Innovative Telematics Solution for Insurers
Swiss Re Committed to Net-Zero Emissions by 2050 on the Asset and Liability Side
The effects of climate change and global warming are already evident and shaking up our risk landscape: warmer average temperatures, rising sea levels, melting ice caps, longer and more frequent heatwaves, erratic rainfall patterns and more weather extremes. Tackling climate change and advancing the transition to a low-carbon economy are key topics for Swiss Re’s… Continue reading Swiss Re Committed to Net-Zero Emissions by 2050 on the Asset and Liability Side