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Swiss Re completes milestone in safety performance assessment of Luminar’s LiDAR & software driving system
26th April 2024
Reinsurance giant Swiss Re, as part of a partnership with automotive tech firm Luminar, has recently completed a milestone in the safety performance assessment of Luminar's LiDAR (Light Detection And Ranging) and software driving system. Last year, the two companies entered into a partnership to advance assisted driving and improve ... Read the full article
Swiss Re enhances Life Guide with AI underwriting assistant
22nd April 2024
Swiss Re has introduced an upgraded version of Life Guide, now featuring Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant aimed at enhancing efficiency and quality in underwriting. Life Guide, Swiss Re’s manual for Life & Health (L&H) underwriting, serves to provide clients with insights into current and future ... Read the full article
Accelerated underwriting streamlining insurance processes: Lane, Swiss Re
22nd April 2024
Jeremy Lane, Head of US Mortality Services at Swiss Re, underscores the increasing significance of Accelerated Underwriting (AUW) for insurance companies by enabling them to leverage technology for faster decision-making and quote delivery, thereby streamlining processes. Lane highlights the ongoing transformation in the insurance industry, driven by efforts to improve the ... Read the full article
Climate-related weather perils are intensifying to varying degrees: Swiss Re
19th April 2024
A recent report from Swiss Re Institute has highlighted how four climate-related weather perils – floods, tropical cyclones, winter storms in Europe and severe thunderstorms, that now cause annual losses of USD 200 billion, are said to be "intensifying to varying degrees." In a recent blog posted by Read the full article
Fiona Kiernan joins Swiss Re’s Life and Health Continental Europe team
17th April 2024
Swiss Re is welcoming Fiona Kiernan to its Life & Heath Continental Europe team as the new Regional Head of Underwriting and Claims, effective July, 2024. In her new role, based in Zurich, Kiernan will be responsible for the development of the Life and Health Underwriting and Claims initiatives in close ... Read the full article
DUAL strengthens European marine capability with acquisition of Swiss Re team
16th April 2024
DUAL, the specialist underwriting arm of Howden Group Holdings, has significantly strengthened its European marine capability by acquiring Swiss Re's Genoa-based Marine team, and has authority to write marine business for the global reinsurer going forward. The transaction is in line with DUAL’s ambitions of becoming a leading player in the ... Read the full article
Swiss Re elects Jacques de Vaucleroy as Chairman of the Board
15th April 2024
Reinsurance giant Swiss Re's shareholders approved all motions put forward by the Board of Directors at its Annual General Meeting (AGM), with all proposed members of the Board of Directors re-elected for a one-year term, and the election of Jacques de Vaucleroy as the new Chairman of the Board. Additionally, Geraldine ... Read the full article
Low inflation in China should contribute to global disinflation process: Swiss Re
5th April 2024
Deflation pressure in China is easing, but there is little upside to come according to the Swiss Re Institute, as its forecasts low inflation for the country in 2024, which should contribute to the global disinflation process and support insurance markets. China's headline CPI returned to growth in February after four ... Read the full article
Swiss Re names Andreas Berger Group CEO, as Mumenthaler steps down
3rd April 2024
Global reinsurance giant Swiss Re announced today that Andreas Berger is being promoted to become its new Group Chief Executive Officer, effective July 1st 2024, taking over that position from Christian Mumenthaler, who will step down after 25 years with the company. Berger will step down from his current position as ... Read the full article
Parametric insurance, an effective tool to address earthquakes: Swiss Re’s Linkin
28th March 2024
Parametric insurance is becoming more mainstream and has become a great tool to complement traditional insurance as the potential devastating impacts of perils like earthquakes increase, Megan Linkin commented in a recent interview with Reinsurance News. Findings from the latest USGS National Seismic Hazard Model (NSHM) revealed that there is a ... Read the full article
Swiss Re & Zurich address the risks that GenAI poses for the re/insurance industry
28th March 2024
As AI technology continues to progress further, especially with the rise in Generative AI (GenAI), organisations across the re/insurance sector are experimenting more with the technology and finding new ways to apply it into their workforce. Reinsurance giant Swiss Re's CEO, P&C Re, Urs Baertschi, recently stated that it feels like ... Read the full article
Public-private partnerships play a key role in climate adaptation: Swiss Re’s Menzinger
26th March 2024
Climate mitigation and adaptation is essential to continue reducing emissions to counter hazard intensification, and public-private partnerships play a key role in funding and enabling this, according to Ivo Menzinger, Head EMEA, Public Sector Solutions at Swiss Re. A recent report by the Swiss Re Institute revealed that global insured ... Read the full article
2023 global insured losses exceed $100bn for fourth consecutive year: Swiss Re
26th March 2024
The Swiss Re Institute has revealed that global insured losses from natural catastrophes exceeded $100 billion for the fourth consecutive year in 2023, with the earthquake in Turkey and Syria, severe convective storms (SCS) and large-scale urban floods acting as the main drivers. Total global insured losses hit $117 billion in ... Read the full article
Euro area inflation expected to temporarily fall below 2% in 2024: Swiss Re Institute
20th March 2024
Swiss Re Institute has revealed insights into the inflation trends within the Euro area, anticipating a return to the 2% mark, consistent with expectations of economic normalisation. According to a recent analysis, authored by By ... Read the full article
Swiss Re veteran Amitabha Ray appointed as CEO of India Branch
19th March 2024
Swiss Re, the global reinsurance firm, has appointed Amitabha Ray as the Chief Executive Officer (CEO) of the Swiss Re India Branch, effective April 1st, 2024, subject to regulatory approvals. Ray will be based in Mumbai and report to Victor Kuk, Head P&C Reinsurance SID. He succeeds Hadi Riachi, who takes ... Read the full article