Reinsurance News
Swiss Re news
News on one of the world’s largest reinsurance companies Swiss Re.
Swiss Re is a leading global reinsurance company and our news covers its announcements, people moves, results and financial performance, as well as analysis of reinsurance market trends and interviews.
Appian & Swiss Re expand Connected Underwriting Life Workbench to Asia & EMEA
5th June 2024
Following the launch of Connected Underwriting Life Workbench in North America last year, Appian, a software company that automates business processes, in partnership with Swiss Re, has made the solution available in select countries in Asia Pacific, Europe, Middle East and Africa (EMEA). Integrated with Swiss Re’s automated life insurance ... Read the full article
Swiss Re calls for industry focus on European catastrophe loss creep issue
5th June 2024
Swiss Re has proposed an industry focus on the issue of loss creep after natural catastrophe events in Europe, calling it an industry-wide phenomenon, which shows the "pressing need" for a more precise reserve setting after nat cat events. The reinsurance giant explained that achieving this requires up-to-date valuations of what ... Read the full article
Swiss Re names Camara Head of P&C Re, Northern, Central & Eastern Europe
4th June 2024
Leopoldo Camara has been appointed Head of Property & Casualty Reinsurance for Swiss Re's business in Northern, Central and Eastern Europe (NCEE) and Country President Germany, effective 1 August 2024. Camara joined Swiss Re in 2005 and has since worked in functions across the firm, including Group Finance, Group Risk Management ... Read the full article
Higher interest rates transforming life insurance growth and profitability: Swiss Re
28th May 2024
Higher interest rates worldwide are reportedly transforming the outlook for life insurance growth and profitability, with a new high anticipated for US fixed annuity sales this year after record sales in 2022 and 2023, as per a new Swiss Re Institute report. Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, commented, ... Read the full article
Vital role of re/insurance in mitigating AI risks in health sector: Swiss Re
28th May 2024
In response to Swiss Re Institute’s recent report revealing the health sector's increased vulnerability to AI-related threats, Pravina Ladva, Group Chief Digital & Technology Officer at Swiss Re, highlights the critical role of re/insurance in mitigating these risks and fostering the digital trust essential for maximising the benefits of emerging ... Read the full article
Swiss Re’s US economic outlook: normalisation continues
24th May 2024
Through the second quarter, strong consumer fundamentals boost GDP forecasts, but persistent inflation prompts revisions, while anticipated interest rate adjustments reflect a cautious approach by policymakers, as noted by global reinsurer Swiss Re. The US economy's normalisation continues into Q2, reports the firm. Strong consumer fundamentals have led to an increase ... Read the full article
Holistic approach needed for rising natural catastrophe risks: Brahin, Swiss Re
24th May 2024
Philippe Brahin, Head Americas for Public Sector Solutions at Swiss Re, emphasises the need for a holistic approach to managing increasing natural catastrophe risks in order to enhance the accessibility and affordability of insurance. The Swiss Re Institute's latest report highlights that natural catastrophes in 2023 caused $280 billion in economic ... Read the full article
Swiss Re appoints Beat Strebel as CEO Reinsurance China & China Country President
16th May 2024
Reinsurance giant Swiss Re has announced the appointment of Beat Strebel as CEO Reinsurance China and China Country President. Strebel will take over from Ivan Gonzalez, who has been appointed as Swiss Re’s new CEO of Corporate Solutions. Both will assume their new positions effective July 1, 2024. In his new ... Read the full article
Swiss Re names Gonzalez CEO of Corporate Solutions
16th May 2024
Today, Swiss Re announced the appointment of Ivan Gonzalez, currently CEO Reinsurance China, as the new CEO of Corporate Solutions, effective July 1, 2024, replacing Andreas Berger. Gonzalez will also join the Group Executive Committee concurrently. Gonzalez, presently the CEO Reinsurance China and China Country President, responsible for overseeing both Property ... Read the full article
Swiss Re posts Q1’24 net income of $1.1bn and P&C CoR of 84.7%
16th May 2024
Reinsurance giant Swiss Re has announced net income of $1.1 billion and a return on equity (ROE) of 21.3% for the first quarter of 2024, as property and casualty reinsurance net income hit $552 million with a combined ratio of 84.7%. For Q1 2024, Swiss Re is reporting under IFRS for ... Read the full article
Swiss Re to boost digital transformation in group insurance with Cortical.io partnership
15th May 2024
Swiss Re has partnered with Cortical.io, a collaboration that aims to boost digital transformation by facilitating the adoption of intelligent document processing (IDP) among group insurance carriers. Founded in 2011, Cortical.io is described as a pioneer for efficient artificial intelligence (AI) solutions that automate labour-intensive insurance processes like intake, submission and ... Read the full article
Responsible use of AI critical to consumer trust: Swiss Re’s Levy
14th May 2024
As the insurance market and its customers realise the potential of artificial intelligence (AI), it is yet not very clear how to apply the technology in a way that delivers enhanced engagement, and in turn, sales, Swiss Re’s Daniel Levy has stated. Principal Risk Consultant Levy has recently explored how insurers ... Read the full article
Swiss Re urges data-driven risk management amid escalating natural catastrophes: Ojeisekhoba
7th May 2024
In response to escalating natural catastrophes and rising insured losses, Moses Ojeisekhoba, Chief Executive Officer of Global Clients & Solutions at Swiss Re, stresses the urgent need for society to leverage advanced data-driven insights to drive efforts in adapting to and mitigating risks. With climate change amplifying weather-related disasters, global insured ... Read the full article
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
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