Sleep deprivation, printed hearts, biased algorithms or lurking cyber risks are just some of the risks arising from new technologies. For the re/insurance industry technological innovation usually provides both opportunities and challenges. In this new edition of Swiss Re SONAR report, you will find the latest updates on emerging risks as well as longer-term trends shaping the risk landscape.Download
With rising cyber-crime highlighting vulnerabilities in digital dependency and the efforts by policymakers to establish frameworks to protect the rights of individuals and business, digital security awareness and resilience is one of the highest priority items on all agendas.Download
Swiss Re Corporate Solutions won most Innovative Product/Service for Insur8, Hong Kong's first ever Non-Damage business interruption insurance solution to protect businesses from financial losses occurring in the event of a typhoon. This trigger based solution, which was launched in July 2017, makes a previously uninsurable event, which impacts all businesses in Hong Kong, insurable.Learn more
The Swiss-Chinese Chamber of Commerce organised the first Chinese Market Fair in Switzerland, on 27 October 2017.Learn more
Technological, economic, demographic, societal and geopolitical macro trends are driving deep changes in the business environment. These structural changes create new opportunities, but also new risks. Further, the corporate sector has changed
from being dominated by physical assets to deriving more value from intangible ones. These transformations and the associated exposures they give rise to show in the risks that companies are most concerned about. For example, today business
interruption is the key corporate risk concern, increasingly linked to cyber and supply chain risks, according to surveys of risk experts across the globe.
Emerging markets have been a major driver of global insurance premium growth over the last two decades. In 2016, emerging markets accounted for 20% of global premiums, up from 5% two decades ago. Nevertheless, many individuals and enterprises in emerging markets remain under- or uninsured, and therefore unprotected against external shocks arising from illnesses, natural disasters and accidents. These shocks can have lasting negative consequences for both economic growth and human development.Download
Growth in the global economy was little changed in 2016 from the previous year with real gross domestic product (GDP) up 2.5%. Advanced economies’ GDP remained below the pre-financial crisis average, but was slightly above the annual average of the previous 10 years. Emerging market growth picked up only marginally, and was still far below the 10-year average.Download
Flaspöhler surveyed nearly 300 risk professionals and asked them to rank the top commercial insurers on eight factors critical to the success of their risk mitigation efforts.Learn more
CatNet® is an up-to-date source of information on major
natural disasters and their effects on the insurance industry
and national economies.