Swiss Re AG · SIX:SREN
Swiss Re — Swiss Re media conference, Monte Carlo 2016
24 slides from Swiss Re's conference presentation, Sep 12, 2016
Slide 1: Different solutions for new realities
Different solutions for new realities Swiss Re media conference, Monte Carlo, 12 September 2016
Slide 2: Today's agenda
Today's agenda Christian Mumenthaler 60 Years RVS – then, now & beyond Group Chief Executive Officer Moses Ojeisekhoba Different solutions for new realities CEO Reinsurance Matthias Weber Drivers of underwriting performance Group Chief Underwriting Officer Christian Mumenthaler Summary and Outlook G
Slide 3: 60 years of RVS – then, now and beyond
60 years of RVS – then, now and beyond Christian Mumenthaler – Group CEO
Slide 4: Changing role of a CEO
Changing role of a CEO @ Swiss Re @ Swiss Re
Slide 5: Macroeconomic conditions and industry trends remain challenging
Macroeconomic conditions and industry trends remain challenging Macroeconomic environment Political / Regulatory environment Low growth, low interest rates Political instability Financial market volatility Re-nationalisation High Growth Markets volatility Regulatory changes Industry envi
Slide 6: Technology will profoundly alter the primary value chain
Technology will profoundly alter the primary value chain INSURANCE 2.0 Policy Sales Underwriting Claims administration Digital advisors buy insurance cut [50%] of costs out of the for the consumer value chain New distribution channels Lower lapse rates by (Google, Facebook etc.) proactively
Slide 7: Different solutions for new realities
Different solutions for new realities Moses Ojeisekhoba – CEO Reinsurance
Slide 8: What goes around…
What goes around… Reinsurers are putting increasing pressure on direct insurers for higher premiums and better terms Reinsurance has entered a period of change and transition …60 years of Monte Carlo, 1st for me - but some things never change 8
Slide 9: The realities of the industry today
The realities of the industry today Abundance of capital Industry’s over-reliance on “good luck” Increasing focus on costs Low growth despite protection gap At times like these you need a partner with pedigree 9
Slide 10: Long history of experience as an allocator of risk capital
Long history of experience as an allocator of risk capital 150+ years of history Client partnerships Problem solving for clients Discipline Active differentiation remains pivotal in extending our lead… 10
Slide 11: Having that little bit of extra focus on…
Having that little bit of extra focus on… Decades long client partnerships Developing our people Sharing our knowledge Understanding of risk Make Swiss Re what it is today… 11
Slide 12: One client story…
One client story… Different solutions for the new realities 12
Slide 13: Showcasing our differentiators…
Showcasing our differentiators… 13
Slide 14: Drivers of underwriting performance
Drivers of underwriting performance Matthias Weber – Group Chief Underwriting Officer
Slide 15: Data, advanced analytics and technology facilitate value-added client services
Data, advanced analytics and technology facilitate value- added client services Client services (examples) Medical Apply predictive analytical techniques to forecast medical claims Casualty Leverage our exposure based model ( LRD) in markets with little to no loss data Nat Cat Share our hazard, exp
Slide 16: Digital Analytics penetrates all parts of the value chain
Digital Analytics penetrates all parts of the value chain Examples Description > 500 smart analytics use cases delivered Contract Analysed over 1 million reinsurance contracts to determined T&C trends Clients Quantified and visualised Swiss Re client relationships from over 280’000 discussion notes
Slide 17: Digital Analytics Catalysts in London and Boston
Digital Analytics Catalysts in London and Boston The Digital Analytics Catalysts are strongly linked to the Digital Analytics / Technology ecosystem conduct R&D to develop analytics and technology based proposals that radically improve our activities along the full value chain Digital analytics
Slide 18: Certain words used in Twitter negatively correlated with AHD mortality
Certain words used in Twitter negatively correlated with AHD mortality Source: Johannes C. Eichstaedt et al., Psychol Sci. February 2015; 26(2); Pp 14/15, copyright ©2015 by the Author(s) 2014; reprinted by Permission of SAGE Publications, Inc. License 3938681197116 18
Slide 19: New data sources in underwriting
New data sources in underwriting Source: Johannes C. Eichstaedt et al., Psychol Sci. February 2015; 26(2); Pp 14/15, copyright ©2015 by the Author(s) 2014; reprinted by Permission of SAGE Publications, Inc. License 3938681197116 19
Slide 20: Price trends - industry outlook
Price trends - industry outlook Property Liability • Price erosion in Nat Cat • Pressure on reinsurance rates expected to slow down expected to abate • Stable rates expected for Property • Broad rate increases possible in case per risk business of deteriorating reserve adequacy Special Lines Motor •
Slide 21: Summary and Outlook
Summary and Outlook Christian Mumenthaler – Group CEO
Slide 22: Summary and Outlook
Summary and Outlook Reinsurance price levels expected to stabilise; price erosion in natural catastrophe business lines expected to slow down Swiss Re will continue to focus on In these market differentiation conditions Swiss Re through long term will focus on client partnerships, underwriting uniqu
Slide 23: @ Swiss Re
@ Swiss Re 23
Slide 24: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans objectives, targets and trends) and illustrations provide current expectations of future events based on certain assumptions and include an
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