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
Administering crop insurance in Asian countries with small fragmented agriculture land holdings is an expensive affair, but
costs can be substantially lowered with the introduction of index-based or parametric insurance schemes. These are managed,
however, through relatively generic data measurements that do not always capture the experiences of individual farmers.
The global economy and even politics are increasingly affected by climate change. In this context, Swiss Re is keen on carrying out research into the changing contexts of natural disasters and the development of relevant financial solutions that aim to reduce, or even eliminate, the negative impacts of these disasters on livelihoods, the
economy and politics. It aims to do so by providing those affected, such as individuals, businesses and all levels of government, with relevant scientific and institutionalised disaster-prevention and disaster-relief mechanisms.
The impact of extreme weather is painful and expensive. This is because the world population and asset concentrations are increasing, especially in the cities of the developing world, many of which lie either on the coast or on major waterways close to it. Bangkok is one case in point. The latest edition in Swiss Re's Risky cities series examines the risks.Download
Agriculture is the vehicle for employment and economic growth in the Ivory Coast. Nearly seven out of ten work the land. Farming also contributes
27% to its GDP. A large share of the income depends on the exports of coffee and cocoa. The latter has a 40% share of the world market. These
seemingly thriving agricultural sectors are subjected to the vagaries of nature, such as floods, droughts and wildfires.