Swiss Re AG · SIX:SREN
Swiss Re — Swiss Re Press Conference Monte Carlo 2023
20 slides from Swiss Re's conference presentation, Sep 11, 2023
Slide 1: Swiss Re Press conference Monte Carlo
Swiss Re Press conference Monte Carlo, 11 September 2023
Slide 2: Your speakers today
Your speakers today Moses Ojeisekhoba Urs Baertschi Gianfranco Lot CEO Global Clients & Solutions CEO Property & Casualty Reinsurance CUO Property & Casualty Reinsurance 2
Slide 3: Moses Ojeisekhoba - Partnering for progress
Partnering for progress #partneringforprogress Moses Ojeisekhoba CEO Global Clients & Solutions 3
Slide 4: Swiss Re puts serving clients and partners at the core of its strategy
Swiss Re puts serving clients and partners at the core of its strategy Risk transfer: reducing our clients’ risk A major, diverse player in the P&C exposure by deploying meaningful reinsurance space, with USD 22bn net capacity globally (incl. traditional P&C earned premiums for 2022… offering and co
Slide 5: Swiss Re's suite of solutions extends its business model beyond risk transfer
Swiss Re’s suite of solutions extends its business model beyond risk transfer We cover the entire insurance value chain … … with a wide range of solutions Impact+ P&C Analytics Risk Consulting Distribution Data. Action. Disruption. CatNet® Suite Property Parametric Solutions Product development Mode
Slide 6: Urs Baertschi - Partnering for progress
Partnering for progress #partneringforprogress Urs Baertschi CEO Property & Casualty Reinsurance 6
Slide 7: P&C reinsurance is expected to grow in line with GDP, driven by new risk pools
P&C reinsurance is expected to grow in line with GDP, driven by new risk pools Global P&C Reinsurance gross premiums written1, in USD bn 500 5.2% 402 400 P&C Reinsurance market is expected to grow by 300 4.7% 5.2% annually until 2032. 243 Growth is driven by new risk pools catalysed by 200 153 digit
Slide 8: Insured losses from natural catastrophes are rising, with secondary perils having an increasing impact
Insured losses from natural catastrophes are rising, with secondary perils having an increasing impact Major natural catastrophes in 2023 around the world1 2023 natural catastrophe losses Insured losses USD bn 275 Convective storms 208 United States 150 USD 34bn Hurricane Idalia 127 120 United State
Slide 9: The re/insurance industry plays an instrumental role in narrowing the protection gap
The re/insurance industry plays an instrumental role in narrowing the protection gap P&C protection gap, USD 368 billion ... … a global opportunity North America EMEA Developed APAC Developed +82% +26% –20% In 2022, there were more uninsured catastrophe losses than insured ones, with only about ¼ of
Slide 10: Reinsurance pricing has reacted to years of heavy losses
Reinsurance pricing has reacted to years of heavy losses Reinsurance pricing is returning to more sustainable levels …1 … driven by multiple factors 100 Claims uncertainty 80 Economic and social inflation 60 Social and demographic changes 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2
Slide 11: Gianfranco Lot - Partnering for progress
Partnering for progress #partneringforprogress Gianfranco Lot CUO Property & Casualty Reinsurance 11
Slide 12: Risk-adequate returns in the natural catastrophe market needed to increase reinsurance capacity
Risk-adequate returns in the natural catastrophe market needed to increase reinsurance capacity and investor trust Natural catastrophe reinsurance market prices, insured losses and capital flows USD bn Index 600 120 Swiss Re remains a leader and a key partner to our clients in the natural catastroph
Slide 13: In casualty, alignment of interests needed to address the challenging market
In casualty, alignment of interests needed to address the challenging market and deliver long-term value for all stakeholders Social inflation continues to trend upwards Sum of corporate “nuclear verdicts” in the US1 (USD bn) 20 COVID-19 court closures Economic and particularly social inflation are
Slide 14: Specialty markets expected to maintain growth trajectory driven by increased demand
Specialty markets expected to maintain growth trajectory driven by increased demand Investment gap to net zero by 2050 (USD tn) 14 271 65 Despite near-term headwinds, infrastructure investments present significant growth opportunities. 78 Increasing energy transition requires significant investments
Slide 15: Cyber market primed to continue its strong growth trajectory
Cyber market primed to continue its strong growth trajectory, accumulation risk remains a concern Gross written premium projection for global cyber (USD bn) Swiss Re is an active player in the cyber market. 60 Legal and regulatory developments have been positive in 50 some instances, while in others
Slide 16: Addressing capital needs and unlocking trapped capital through structured solutions
Addressing capital needs and unlocking trapped capital to seize market opportunities through the use of structured solutions The structuring triangle – areas for beneficial structured solutions engagement The challenging market outlook is putting pressure on Capital management balance sheets as well
Slide 17: Sigma report: Raising the bar
Sigma report: Raising the bar Newest sigma report released Non-life insurance in a higher-risk, higher- return world Download the full report now: The new higher interest rate era has a huge impact on non-life insurance The benefit of higher interest rates on investment results far outpaces the incr
Slide 18: Q&A
Partnering for progress #partneringforprogress Q&A Please raise your hand to ask a question 18
Slide 19: 11 September 2023 | Monte Carlo press conference
11 September 2023 | Monte Carlo press conference 19
Slide 20: Legal notice
Legal notice ©2023 Swiss Re. All rights reserved. You may use this presentation for private or internal purposes but note that any copyright or other proprietary notices must not be removed. You are not permitted to create any modifications or derivative works of this presentation, or to use it for
Swiss Re — Swiss Re Press Conference Monte Carlo 2023 on 6ix