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Secondary perils emerging as a big opportunity, Need data and good models to deal with them, says Swiss Re

Secondary perils emerging as a big opportunity, Need data and good models to deal with them, says Swiss Re

by AIP Online Bureau | Jun 24, 2025 | Intermediaries, Non-Life, Reinsurance, Risk Management

Beat Strebel,CEO, China, Swiss Re These lesser understood risks are increasingly becoming a source of insurance payouts as extreme weather events lead to billions in economic losses. Traditionally, reinsurers — which provide coverage to insurance companies — haven’t...
Extreme heat kills half a million people globally each year, says Swiss Re

Extreme heat kills half a million people globally each year, says Swiss Re

by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance, Risk Management

Jérôme Haegeli, Swiss Re’s Group Chief Economist “Extreme heat used to be considered the ‘invisible peril’ because the impacts are not as obvious as of other natural perils,” says Jérôme Haegeli, Swiss Re’s Group Chief Economist....
Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires

Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires

by AIP Online Bureau | May 16, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The result “gives us confidence in our 2025 targets despite a challenging environment,” Chief Executive Officer Andreas Bergersaid in a statement on Friday Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive...
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re

Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Balz Grollimund, Swiss Re’s Head of Catastrophe Perils, said: “Our recent analysis of over 200 in-house models and the loss trend over the last 30 years show what is at stake: When a severe hurricane or a major earthquake hits an urban area in a country...
Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re

Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re

by AIP Online Bureau | Apr 24, 2025 | International News, Non-Life, Reinsurance, Technology

Swiss Re’s Chief Underwriting Officer Casualty Laure Forgeron said: “The global motor insurance market is both dynamic and rapidly evolving. At this moment, the introduction of new tariffs will have a material impact by increasing repair costs and putting...
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