Swiss Re Reinsurance Solutions

Today's breed of nat cat puts extra pressure on claims operations because no two storms are alike. 🤔Q: How are companies supposed to respond quickly, manage costs and most importantly, reassure their customers? 😉A: Get best-in-class technology powered by industry leading insights and achieve better outcomes like ... • Predict financial impact • Control leakage • Improve efficiency • Speed processing • Deliver improved customer satisfaction See why Rapid Damage Assessment is re-engineering claims for the future state of perils. https://ow.ly/LO8p50TZXwb

Big news from Volt Underwriting! They're taking CatNet® into the fast-growing and important energy insurance space. And a shout-out to our partners at X, the moonshot factory, for their contributions to the industry's understanding of wildfire risks.

Exciting news from the lab! We're making it possible for insurers to underwrite wildfire-exposed properties with confidence. Sarah Russell and Anil Vasagiri talk about what it takes to tackle the challenges of variability. Then check out CatNet®, our online natural hazard atlas for underwriters - now with Wildfire, jointly developed with X, the moonshot factory. https://ow.ly/VCV150TZXkv

While hail from severe thunderstorms⛈️ may not capture headlines like wildfires or earthquakes, it can cause equally costly destruction. Given the unpredictable nature and severity of hailstorms, insurers often encounter the risk of underestimating losses, complicating their risk management efforts. The right tools can help tackle these challenges. Our CatNet® risk assessment platform, developed through decades of expertise and now equipped with an enhanced hail hazard layer, can help improve the underwriting process and make pricing adjustments. Want to learn more? Dive deeper in our latest article on how CatNet® can contribute to building resilience against this evolving global peril. 🔗 https://ow.ly/6ypV50TRsgg

Are you prepared for the escalating flood threats?🌊 Having access to the best tools and risk intelligence is key for insurers to better understand their exposure and make informed decisions. Find out more about how you can leverage CatNet® with integrated advanced flood maps from Fathom to build a 360-degree view of your portfolio - for better risk selection, reduced loss ratios and improved performance: https://ow.ly/5cqV50TlQ8W

For insurers, the growing number of climate-related disclosure obligations laid out by governments and regulators may initially be seen as a compliance challenge. However, they also represent a significant opportunity: disclosure data can reveal key insights to drive strategic decision-making and improve risk management. At Swiss Re, we help insurance companies harness crucial insights from their disclosure data. Combining years of industry expertise with proprietary and third-party data, our teams of experts can assist you in transforming disclosure data into a strategic advantage. Discover the untapped potential of your disclosure data today. Read more in our article by Paloma Quiroga Arias, PhD to learn how insurance companies can turn regulatory disclosure data into actionable insights that can help drive their businesses forward ➡️: https://ow.ly/GRLP50TV7hS

No two storms are alike. Just look at Hurricanes Helene and Milton: 🌪️Milton spawned tornadoes. 🌊Helene brought storm surge and flooding to Tampa; Milton didn't. 🚗🌳Auto losses and tree damage were big susprises from Helene. With all this uncertainty, there are things you can control. Like putting the power of data and AI to work in your risk selection, underwriting and claims. ➡️Take a spin through our Property Solutions and let's talk before the next big storm. https://ow.ly/LMFp50TOS8J #EvolveBeyond

Claims processes can be difficult for all involved. Claimants are in the midst of a significant, emotional event and the claims team are stressed and emotionally drained, wanting more time to connect with claimants and make quality decisions. Status calls are time consuming and occur too frequently. Manual processes and multiple systems make it difficult to manage a high claims volume. With our #claimsautomation technologies you get support in smart, future-ready processes that increase efficiency, lower operating costs and elevate the experience for both your employees and your claimants alike. Discover more now 👉 https://ow.ly/8f5L50TlWLw

Last week MassMutual announced it is the first insurer in the U.S. to offer eligible policyowners free access to Wysa Assure, an AI-powered conversational wellness app created by Wysa and Swiss Re. We are thrilled about supporting MassMutual's latest addition to their Health and Wellness Program, which focuses on initiatives that provide policyowners with knowledge about their #health so they can make choices that support their well-being and seek out appropriate intervention as well as offerings that motivate healthy behaviors and lifestyles.  Read more here: https://ow.ly/m7vi50TPsN4 #lifeandhealthsolutions #evolvebeyond #wellbeing

Hailstorms are becoming more frequent and severe, causing devastating losses across communities. In 2023, summer hailstorms in Italy accounted for a new record of almost USD 6 billion insured losses, while in France, severe thunderstorms led to more than USD 5 billion in insured hail losses in 2022. How can insurers accurately assess assets at risk and get an estimate of potential hail-related losses before they even occur? Get a comprehensive view of risk and stay prepared for every storm, with CatNet®'s updated hail hazard layer. Learn more about the update on our new article by Elisabeth Viktor and Ali Shahkarami 👉: https://ow.ly/Mb7Q50TMMVw