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Swiss Re to work with IBM Watson to harness the power of Big Data for Reinsurance

23 October 2015

• Swiss Re to work with IBM to make better use of Big Data using Watson in its Life & Health Reinsurance business unit • Swiss Re and IBM intend to further develop an industry-wide range of solutions in support of underwriting processes • Swiss Re establishes dedicated Center of Competence for cognitive computing in collaboration with IBM

The USD 1.3 trillion disaster protection gap: innovative insurance tools exist to support governments to be better prepared

07 October 2015

• Disaster risks are increasing but insurance hasn't kept pace: the estimated USD 1.3 trillion1 gap between insured and total losses remains stubbornly large, hampering a country's ability to recover • Governments are uniquely exposed as they typically shoulder the cost of relief and recovery and also pay for reconstruction of infrastructure • Uninsured losses following a catastrophe impact economic growth over several years, hampering a country's ability to bounce back • Innovative insurance solutions can help countries, cities and individuals preserve hard-won development gains, even in the face of major natural disasters and climate change but it's crucial to arrange them before disaster strikes • Governments increasingly use these solutions to manage their budgets and fiscal contingencies; successful examples can be found in many emerging markets as well as in OECD countries but more needs to be done

Admin Re® to buy Guardian Financial Services for GBP 1.6 billion, extending its position as a leading closed life book consolidator in the UK

23 September 2015

• Swiss Re's business unit Admin Re® agrees to acquire Guardian Financial Services for GBP 1.6 billion • Acquisition will support Admin Re®'s ambition to emerge as a leading closed life book consolidator in the UK, with over four million policies • Acquisition expected to significantly increase Admin Re®'s gross cash generation capacity and return on equity (ROE) • Attractive opportunity to deploy part of excess capital above the Swiss Re Group’s profitability hurdle rate of 11% ROE; in line with the Group strategy • Operational, capital and asset management synergies expected

Underinsurance in property is a global, and growing, challenge, says latest Swiss Re sigma study

14 September 2015

• The global natural catastrophe property protection gap has risen steadily over the last 10 years, and 70% of the economic losses, or USD 1.3 trillion, were uninsured • Catastrophe models estimate the global uninsured losses from future natural disaster events to be USD 153 billion annually • Out of these, the largest uninsured natural catastrophe exposures are in the US, China and Japan • In the emerging markets, 80-100% of the losses are uninsured • Combined with other "general property risks", there is global total property underinsurance of USD 221 billion in expected losses • Dealing with property underinsurance requires coordinated efforts and innovative thinking by insurers, governments and others

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results

The protection gap and new technologies will generate long-term growth opportunities; price levels expected to stabilise

14 September 2015

Swiss Re remains top in its industry in sustainability, according to 2015 Dow Jones Sustainability Indices

10 September 2015

Preliminary sigma estimates for first-half 2015: global catastrophes cause economic losses of USD 37 billion; number of victims rises

11 August 2015

Number of food recalls and their costs to business and society are rising, finds new Swiss Re publication

15 July 2015

Stronger advanced markets' performance boosts insurance industry growth in 2014, Swiss Re sigma says

24 June 2015

Most Europeans don't have enough disability insurance to cover the financial shock of a sudden disability or critical illness

03 June 2015

Swiss Re: SONAR update report highlights new and emerging risks the re/insurance industry expects to face over the next few years

20 May 2015

Defensive and strategic deals boost M&A in insurance, Swiss Re sigma says

12 May 2015

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Company News & Results / Swiss Re