Swiss Re
Founded in Zurich, Switzerland in 1863, Swiss Re Group is a global wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. The firm has over 70 offices around the the world.
See below for the Latest Swiss Re News, Analysis, Profit Results, Share Price Information, and Commentary.
S&P Global Ratings forecasts earnings surge to $3.6b in 2024 for Swiss ReÂ
S&P Global Ratings forecasts earnings surge to $3.6b in 2024 for Swiss ReÂ
Its life and health reinsurance segment is projected to reach $1.5b in profits.
Swiss Re targets $3.6b 2024 earnings after robust 2023 performance
Its P&C business leads with $1.9b.
India set for expansion in 2023, premiums to swell in the next 10 years
Despite an upward forecast, the sector still faces an average of $8b annual economic loss from natcat.
Economic slowdown challenges insurance underwriting; emerging markets show promise
Swiss Re Institute analyst underscored that real premium growth in emerging markets, including China, outpaces the more advanced economies.
Swiss Re upbeat about growth of insurance sector
As a cautionary note, an economist said fixed annuities face potential decline as higher Interest rates shift consumer preferences.
Natural catastrophes drive insured losses to record levels in 2023 – Swiss Re
Insured losses in the year alone have surpassed $100b, driven by thunderstorms.
Global economic slowdown fueled by increased interest rates from major banks
Asia Pacific's insurance premiums are expected to climb 2.3%. In the next two years.
Swiss Re predicts $4t surge in life savings premiums by 2033 amid pension and retirement savings concerns
An estimated retirement savings gap of $106t exists across government-provided, employer-based, and individual pension savings in eight major economies in 2022.
Swiss Re aims for $3.6b in net income amidst IFRS shift
Its SST ratio is perceived to be unaffected by the shift to IFRS.
Swiss Re: Asia’s insurance players target health industry in 2024
In Singapore, shifting focus to health underscores the need for insurance players to close the protection gap that has remained unchanged in the last 5 years.
APAC’s insurance premiums to rise 2.3% in the next two years: Swiss Re
The region’s insurance premium growth is slightly higher than the world estimate of 2.2%.
Insurers close protection gap amid rising mental health issues
As Singapore sees a large protection gap, insurers attempt to close the gap through emphasizing mental health and sustainable inclusivity.
Swiss Re registers $2.5b profit in 9M23
The company aims for more than $3b in net earnings for 2023.
Seven countries benefit from initial anticipatory action and disaster risk reduction programme
Its goal was to minimise the impact of disasters on individuals and communities.
Global cyber insurance market to see 50% growth in next five years: Swiss Re
Swiss Re said no country has fully realised the economic potential of digital technology in the insurance sector.
Swiss Re forecasts steady growth for non-life reinsurance
The reinsurance market is seen to return to a more sustainable level of risk-adjusted pricing.
Boosting non-life insurance profitability to strengthen ‘vital role’ as a financial safety net: Swiss Re
An ongoing imbalance in the demand and supply of non-life insurance is predicted.
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