Swiss Re has entered into a strategic partnership with ICEYE, the largest commercial synthetic-aperture radar (SAR) satellite operator and flood monitoring provider. Building on ICEYE’s innovative technology, the partnership will advance flood risk management, assist disaster response and speed up claims payments globally. Swiss Re’s clients will benefit from enhanced insights and bespoke solutions. The… Continue reading Swiss Re Announces Strategic Partnership with Radar Satellite-Based Flood Monitoring Provider ICEYE
Tag: Swiss Re
Swiss Re and Daimler Launch New Company Movinx to Transform Automotive and Mobility Insurance Business
Swiss Re and Daimler Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new company called Movinx. Both shareholders of the 50/50 joint venture will leverage their complementary expertise to establish a new business model. The aim is to develop fully digital automotive and mobility insurance products that… Continue reading Swiss Re and Daimler Launch New Company Movinx to Transform Automotive and Mobility Insurance Business
Swiss Re Sees Positive Outlook for Renewals, Further Market Hardening Expected
Following rate improvements in many markets, and particularly in loss-affected segments, Swiss Re expects further rate hardening across all lines of business. At the same time, the reliance on underwriting profits increases in the low interest rate environment. Swiss Re also expects more opportunities for re/insurers due to a combination of improving insurance demand and… Continue reading Swiss Re Sees Positive Outlook for Renewals, Further Market Hardening Expected
Infrastructure Investment to Be a Key Driver of Growth in Emerging Markets Post COVID-19 Crisis: SIGMA
Investment in infrastructure development is set to be one of the main drivers of sustainable growth in the emerging markets after the COVID-19 crisis subsides, the latest sigma says. Emerging markets will invest USD 2.2 trillion in infrastructure annually over the next 20 years, equal to 3.9% of gross domestic product (GDP), according to estimates… Continue reading Infrastructure Investment to Be a Key Driver of Growth in Emerging Markets Post COVID-19 Crisis: SIGMA
Socio-Economic Developments, Climate-Change Effects to Drive Rising Losses from Severe Weather Events: SIGMA
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
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