Swiss Re

The reinsurer and the tech firm will collaborate on driverless vehicle products.

Two thirds of natural catastrophe losses are currently unprotected globally, but this is expected to decrease in the future.

The COP26 climate talks in Glasgow represent progress towards a necessary reduction in carbon emissions “but not victory”, with concerns remaining that pledges do not go far enough, according to Swiss Re.

Swiss Re, Munich Re, Hannover Re and Scor have set out divergent strategies on cat as volatility increases and the retro market seizes up.

Swiss Re’s group CUO Thierry Léger has explained to Insurance Insider the rapid progress insurers need to make in the next decade, adding that “every year counts”.

The UN’s Butch Bucani, speaking on Swiss Re’s COP26 panel, warned that the transition was not just about “putting a thermometer in your insurance portfolio and saying ‘it’s 1.5 degrees’”.

Maya Bundt referred to cyber security threats as the “dark side” of proliferating digitalisation.

The CFO said today’s favourable nine-month numbers were due to a sustained effort to improve P&C underwriting discipline.

The carrier’s primary unit CorSo also bettered its combined ratio by 24.9 points on last year’s figures.

The insurance marketplace aims to bridge the gap between insurance and capital markets.

In a virtual Baden Baden conference, the reinsurer emphasised a push on addressing secondary perils after a high flood loss year.

Analysis of financial data shows that the last decade has seen a marked increase in the proportion of premiums ceded by carriers in all sectors.