Swiss Re Reinsurance Solutions

🎉 The 2024 Data Jam Conference is tomorrow! Don't miss out on insights about data, analytics, and AI in Insurance. Paloma Quiroga Arias, PhD, our Head of Risk Consulting and Analytics, will join the session "Enabling a data-driven, London Market operating model" and share her thoughts on how the insurance industry can embed data and analytics at the core of all processes. Join us tomorrow and let us know your views on digital transformation in insurance in the comments 💭! For more details: 🔗https://lnkd.in/eBWFjCFG #DataJam2024 #InsuranceInnovation

It's tough out there for claims managers. They need to … 😉 Get answers fast so they can start making informed decisions, like where to deploy adjusters for maximum impact and efficiency 👓 See the range of damage so they can distinguish between a toppled fence and a tree on a house, then prioritize damage classifications Join us for a free webinar on December 12th and see how to leverage data and AI to improve your catastrophe claims response. ✏️Register here: https://ow.ly/e8bW50UeXvR

We've partnered 🤝with Max Life Insurance Company Limited in India to integrate Digital Heath Underwriting (DHU) into the insurer's operations. This 1️⃣first-in-market arrangement will help Max Life achieve greater #underwriting efficiencies and offer its customers a more #personalisedexperience! Learn more about this #innovativesolution here: https://ow.ly/fM9n50UeI0e

Are you looking to navigate the ever-changing risk landscape with confidence? Our Risk Consulting and Analytics offering is designed to provide bespoke analysis and data to help our clients stay ahead of emerging risks. Whether you are aiming to redefine your go-to-market strategy, conduct sustainability risk assessments across your portfolios, or optimize pricing, we provide you with the data-driven insights you need to succeed. Hear from Paloma Quiroga Arias, PhD and reach out today to discover how we can support👉: https://ow.ly/tIGN50Ub4C2

As the fire burned, the model churned. Here's amazing evidence of the accuracy of the Bellwether wildfire model in CatNet®: see the congruence between the model's projection and the actual path of the Mountain Fire in southern California. Product manager Brian Sims takes us through his learnings: https://lnkd.in/grJrVH34 Special shout out to our partners at X, the moonshot factory, who developed the model!

As climate change intensifies, the need for boards of directors to integrate climate risks into their traditional frameworks of risk management grows in turn. Yet, despite increased awareness, the lack of standardisation complicates the effort to set tangible goals for addressing the challenges, creating a gap between awareness and action. A recent report from Fathom and the IFI Global reveals that while there's been progress, the insurance industry still has major progress to make in managing climate risks.💡It’s time to rethink our approach; from data solutions to governance, there’s more we can do to overcome this challenge. For more insights, download the full report here: 📄https://ow.ly/8OUs50U9aHt

How can we effectively manage the increasing flood threats? 🌊 Cutting-edge modelling techniques and accurate, granular data can help insurers better understand their portfolios' exposure to flood risks. Hear from Dr. Andrew Smith, COO at Fathom on how CatNet® with integrated advanced flood maps from Fathom can provide crucial insights for informed decision-making. Learn more and get in touch for a live demo: https://ow.ly/zF3X50U92t9

We are excited about our partnership with hyperexponential, allowing even more insurers to leverage CatNet® risk data and insights for better risk selection and accumulation management.

Economic losses caused by natural catastrophes reached an estimated USD 280 billion in 2023, with USD 51.6 billion due to floods🌊. Losses are likely to increase as climate change intensifies extreme weather events while rapid urban sprawl has increased asset values in high-risk areas. What can be done to enhance societal resilience against escalating flood threats? And what role does the re/insurance industry have to play? Find out in the latest publication by Swiss Re Institute: https://ow.ly/ilC650U6Woq

Today's breed of nat cat puts extra pressure on claims operations because no two storms are alike. 🤔Q: How are companies supposed to respond quickly, manage costs and most importantly, reassure their customers? 😉A: Get best-in-class technology powered by industry leading insights and achieve better outcomes like ... • Predict financial impact • Control leakage • Improve efficiency • Speed processing • Deliver improved customer satisfaction See why Rapid Damage Assessment is re-engineering claims for the future state of perils. https://ow.ly/LO8p50TZXwb