Swiss Re

Obesity is a global crisis, with half the population expected to be overweight or obese by 2035. GLP-1 drugs present a new weight loss treatment that also improves metabolic health, early results show. Explore the implications of these weight-loss injectables for insurers: https://lnkd.in/dp5vMCsb

Swiss Re's history in reinsurance began in 1864 with a Marine treaty. This signified the start of our 160 years and counting commitment to navigating complex risks. In 1900, Swiss Re started into what we call today the Credit & Surety lines of business. A year later, Fidelity appeared in Swiss Re's internal annual accounting summaries as a separate line of business for the first time. By 1903, just after the company's workforce surpassed 100 employees, Swiss Re expanded into Machinery insurance through a treaty with Kölnische Unfall-Versicherungs-AG, laying the groundwork for the modern Engineering insurance sector. This period also saw the beginning of Agriculture reinsurance with a focus on livestock in 1904, and by 1920, Swiss Re ventured into the Aviation treaty business. Today, our six specialty lines of business and over 200 experienced experts partner for the long term, helping clients manage current risks and proactively address future challenges such as renewable energy and cyber risks.

The year 2024 wasn't just another costly year for insurers whose covers protect property (and property owners) against NatCats. It was also tragic, with many lives lost and disrupted. In our latest degREes newsletter, Swiss Re documents not only the pricetag for these events, but looks to a future of more resilience, through adaptation, mitigation and better data to help people in exposed regions prepare for the worst even as they hope for the best. 👉 Have a read - and if you have any thoughts about measures that can help address these intensifying threats, we'd love to hear from you in the comments.

🌍 2024: A Year of Unprecedented Natural Catastrophe Losses As we approach the end of 2024, estimated insured losses from natural catastrophes are set to exceed USD 135 billion, marking the 5th year natural catastrophe losses have breached the USD 100 billion mark. 🔹 This year’s active hurricane season, including Hurricanes Helene and Milton, brought devastating losses nearing USD 50 billion. 🔹 Flood events in Europe and the Middle East resulted in an additional USD 13 billion in insured losses, further highlighting the need for innovative strategies to address increasing climate vulnerabilities. 🔹It is the second costliest year for Severe Convective Storms These events underscore the critical role of the reinsurance industry in helping communities and businesses recover while making the world more resilient. Read the full press release: https://ow.ly/Ro9S50UlsCQ

Happy #InternationalVolunteerDay! ❤️ This year, we recorded our highest ever count of unique volunteers worldwide. Our Swiss Re Foundation's network of +120 partners, charities and social entrepreneurs, received over 30'000 hours of volunteering support from +4000 Swiss Re colleagues around the world, lending their hand and sharing their skills to build resilient societies. 🌏 Today and everyday, we celebrate our dedicated volunteers, who make a difference in the lives of low-income communities and the environment.

The Global Boardroom, the Financial Times’ digital conference, returns for its eighth edition this week to debate strategies for growth amid continued political, economic and technological disruption. Join our Group CEO, Andreas Berger, as he discusses the re/insurance industry's role as a shock absorber for businesses, governments and investors across the world as they face a growing array of risks such as climate change, cyber crime, and geopolitical uncertainty. 📆 6 December 2024 ⌚ 13:00–13:50 CET 📍 Virtual Register now: https://ow.ly/3rHa50UkA9W #FTGlobalBoardroom #FTLive

GLP-1 drugs support weight loss and lower risks for cancer, cardiovascular issues, and other diseases, early results show. These injectables offer benefits and considerations for both patients and Life & Health insurers. Learn more: https://ow.ly/CQPh50Ui2IR

🎗️ Today, on World AIDS Day, we reflect on the profound journey in the fight against HIV/AIDS—a journey marked by loss, learning, and remarkable medical progress. Beyond scientific advancements, progress has also been about changing perceptions—reducing stigma, promoting education, and fostering greater compassion. This day reminds us to honour the lives lost, celebrate the resilience of those living with HIV, and commit to continuing the fight until we achieve a world free of this disease. 🌎 Elyssa Marcus Del Valle M.D. DBIM, our Chief Medical Officer L&H Americas, shares her memories working with AIDS patients, including the losses she experienced. Read her story: https://ow.ly/mVWV50Ui1c1 #WorldAIDSDay #HIVAwareness #EndHIVStigma

🎙️ Episode 2 of Risk REconsidered is available now. Listen to Eying hurricane damage: The real forces behind storm losses on your favourite podcast platform and hear how Swiss Re's Matt Junge discusses what this year's hurricanes mean for our industry with hurricane forecaster Phil Klotzbach. Also, don't miss a gripping interview with Babcock Ranch's Syd Kitson where he shares insights about his innovative Florida community and its remarkable resilience during the storms. 🌪️🏡 Download episode 2 now on your favourite podcast platform and stay informed: https://ow.ly/NRpA50UhnoC

🎥 In an interview with CNBC, Veronica Scotti, our Chairperson Public Sector Solutions, presented her key takeaways from #COP29. She emphasized her visit to Baku to highlight the importance of taking actions around climate adaptation as well as climate mitigation and to showcase the role of the insurance industry. 🌊 Speaking about the need of flood adaptation measures, Veronica pointed out that the majority of losses due to floods, which amounted to USD 51.6 billion in 2023, can be avoided with the right investments in green and grey infrastructure. Watch the 3-minute interview: https://ow.ly/6uhV50UgxFP