Decrypt, a new holistic cyber reinsurance solution is launched today by co-creators Swiss Re and Capsicum Re, the specialist reinsurance broker. Decrypt provides a single, flexible, end-to-end solution to insurers’ cyber exposure challenges, including embedded, silent, and affirmative cyber risks. Decrypt’s modular approach is comprised of risk identification, quantification and transfer. It offers market-leading cyber-risk… Continue reading Swiss Re and Capsicum Re Deliver “Decrypt” – A Holistic Cyber Reinsurance Solution
Tag: Swiss Re
Use of Increasingly Advanced Analytics May Present A Crucial Way for P&C Insurers to Unlock Tangible Value
The latest sigma report from the Swiss Re Institute, “Advanced analytics: unlocking new frontiers in P&C insurance”, suggests that technology advances are enabling P&C insurers to unlock new frontiers in risk assessment and mitigation thanks to advanced analytics. Past successes that focused on improving expense ratios have catalyzed new investment with pilots by insurers showing… Continue reading Use of Increasingly Advanced Analytics May Present A Crucial Way for P&C Insurers to Unlock Tangible Value
Swiss Re Institute Estimates Global Economic Losses of $44B from Catastrophes in H1 2019
Global economic losses from natural catastrophes and man-made disasters in the first half of 2019 amounted to $44 billion, according to Swiss Re Institute’s preliminary sigma estimates. This figure is well below $109 billion, the average first-half economic losses of the previous ten years. It is also lower than the losses of $51 billion reported… Continue reading Swiss Re Institute Estimates Global Economic Losses of $44B from Catastrophes in H1 2019
Swiss Re’s ReAssure Buys Quilter Closed Book Pension Unit for £425 Million
Swiss Re’s Britain-based ReAssure unit has agreed to buy the closed book business of Quilter for 425 million pounds. The acquisition will add over 200,000 customer policies and 12 billion pounds of assets to ReAssure’s platform, Swiss Re said on Monday. The business consisted of Old Mutual Wealth Life Assurance Limited and its subsidiary Old… Continue reading Swiss Re’s ReAssure Buys Quilter Closed Book Pension Unit for £425 Million
Insurers Ceded 5% of Global Premiums to Reinsurers in 2018: Swiss Re
Swiss Re Institute has estimated that primary insurers ceded about $260 billion, or 5%, of direct premiums written to the global reinsurance markets in 2018. More than three quarters of this total ($200 billion) were non-life premiums, which had a higher cession rate of around 8.4%. In contrast, only around 2% of life premiums were… Continue reading Insurers Ceded 5% of Global Premiums to Reinsurers in 2018: Swiss Re
Swiss Re Halts Flotation of ReAssure Life Insurance
Swiss Re has postponed the flotation of its UK zombie life insurance business after investors unsettled by overhyped share offers and the prospect of a no-deal Brexit refused to accept the company’s valuation of up to £3.3bn. The Swiss insurer announced the initial public offering of ReAssure in June after months of speculation about a… Continue reading Swiss Re Halts Flotation of ReAssure Life Insurance
Swiss Re Presses Ahead with Flotation of $4.5 Billion British Unit
Swiss Re is pressing ahead with a flotation of British subsidiary ReAssure on the London Stock Exchange, the world’s second largest reinsurer said on Friday, a business that analysts value at around 3.5 billion pounds. ReAssure, Britain’s sixth largest life insurer, plans to list at least a 25% stake, it said in a statement. The… Continue reading Swiss Re Presses Ahead with Flotation of $4.5 Billion British Unit
Swiss Re Institute’s 2019 SONAR Report Examines New and “Slow-Burner” Emerging Risks
Digital technology’s clash with legacy hardware, new risks emerging from the spread of 5G mobile networks, increasingly limited fiscal and monetary policy flexibility, and genetic testing and its effects on the insurance industry, as well as the effects of climate change on public health are some of the key risks identified in this year’s Swiss… Continue reading Swiss Re Institute’s 2019 SONAR Report Examines New and “Slow-Burner” Emerging Risks
Swiss Re Signs Cooperation Agreement with China Pacific Insurance
Global insurance and reinsurance giant Swiss Re has signed a new Cooperation Framework Agreement with China Pacific Insurance (Group) Co., Ltd., deepening ties within the important country. Swiss Re has long highlighted China as the likely source of significant growth in insurance and reinsurance premiums for the firm and has been active there for many… Continue reading Swiss Re Signs Cooperation Agreement with China Pacific Insurance
Secondary Perils to Wreak Evermore Natural Catastrophe Devastation Globally: Swiss Re
The catastrophe loss experience of the last two years is a wake-up call for the insurance industry, highlighting a trend of growing devastation wreaked by so-called “secondary” perils (independent small to mid-sized events, or secondary effects of a primary peril). Insured losses from natural catastrophes in 2018 were USD 76 billion, the fourth highest one-year… Continue reading Secondary Perils to Wreak Evermore Natural Catastrophe Devastation Globally: Swiss Re