Swiss Re

At the International Monetary Fund annual meeting, #ClimateChange insurance protection gaps took centre stage as a major global pain point. In a panel discussion, Swiss Re's Group Chief Economist, Jérôme Jean Haegeli addressed this critical issue, underscoring the urgent need for solutions, sharing sigma data that revealed uninsured losses from natural catastrophes are reaching record highs worldwide. 🎥Watch the panel discussion here: https://lnkd.in/enzevKUN #IMFmeetings

There has been extensive discussion on the impact of climate change on health. We are taking a pragmatic approach by developing solutions to insure against the effects of extreme heat. In the summer of 2024, as a record-breaking heatwave swept across northern India, 46,000 women received insurance payouts to replace income lost due to the extreme heat that made working conditions unsafe. This innovative parametric solution was delivered in collaboration with our partners, ICICI Lombard, Self Employed Women's Association and Climate Resilience for All. Learn more about how we want to demonstrate action on climate resilience at #COP29: https://ow.ly/sfri50TXaBx

GLP-1 weight loss medications like Ozempic® and Wegovy® offer hope for people struggling with tackling obesity through diet and exercise alone. Beyond weight loss, these drugs also show potential in reducing the risk of a number of serious health conditions. Learn more in our latest research: https://ow.ly/9gAP50TVopL

🌿🌎At COP16, we took part in a panel discussion on the Biodiversity and Ecosystem Services Scenarios Modelling Initiative. This pioneering initiative aims to provide highly granular, data-driven insights into the future impacts of biodiversity loss and ecosystem degradation, essential for guiding sustainable policies and practices. By supporting this work, we’re helping policymakers, businesses, and civil society understand and address the crucial tipping points in our natural systems for a resilient future. Learn more about this initiative: https://ow.ly/TMln50TVeOP

Cathy Desquesses, our Group Chief HR Office, was recently featured in HRM Asia. 📰In the article, she highlights that fostering a high-performing and inclusive work culture is key to attracting and retaining top talent, which drives our company's success. She explains that Swiss Re empowers employees to take responsibility and holds them accountable for their work emphasizing that meeting our goals depends on our people learning continuously and excelling within our inclusive culture. Read the full interview: https://ow.ly/1B1v50TRwnp

COVID-19 may be endemic now, but it remains a leading cause of death globally, and we expect it to continue to be a major factor in excess mortality for up to a decade. Our forecast examines the impact of COVID-19 and other pandemic-related factors on excess mortality rates over the next 10 years. Discover more: https://ow.ly/Ygqy50TUc4I

As we approach the end of Breast Cancer Awareness Month, it's important to recognize that breast cancer continues to profoundly affect women and their families all around the world. Despite decades of progress, it remains the most common malignancy, with over 2 million women diagnosed annually. In his latest blog, Tobias Schiergens, our Senior Global Medical Officer, explores how earlier detection and precise, less invasive treatments can improve outcomes. Advancements in personalized screening and the growing use of targeted therapies are significantly improving results and quality of life for women affected. These advancements also present new opportunities for life insurers to adapt and support patients better, though challenges in implementation and access to care remain. Read more here: https://ow.ly/C23O50TTgHb #BreastCancerAwareness

🌍The Horn of Africa contains the largest population of pastoralists in the world. It also experiences drought which devastates agricultural production and kills livestock. As a result, the livelihoods and lives of millions of pastoralists, their families, and communities are at risk. The De-risking, Inclusion and Value Enhancement (DRIVE), a $360.5m project funded by The World Bank, ZEP-RE (PTA Reinsurance Company) and partners was established to enhance pastoralists’ access to financial services for drought mitigation, include them in value chains, and facilitate livestock trade in the Horn of Africa. As we head towards #COP29 more such projects are needed to help communities adapt to the impacts of climate change and ensure the inclusion of marginalised and vulnerable groups, including women. Watch the full conversation: https://ow.ly/C1l350TTezO

At the World Bank Group Annual meetings this week there is increased interest in discussing the affordability and accessibility of insurance products for developing countries. To this end, Veronica Scotti took part in a panel discussion aimed at building on the momentum of organisations such as Insurance Development Forum and Global Shield against Climate Risks. What's clear is that there must be coordinated public and private sector collaboration to devise interventions at scale for vulnerable populations across the world. Interested to know how we've partnered with MIGA, The World Bank and other development financial institutions to build financial inclusion, mobilise private sector capital and facilitate economic growth? Find out more: https://ow.ly/Hvqf50TTxA6

🌊In 2024, several significant global flood events underscored the growing threat of intensifying weather. These events reflect the increasing frequency and severity of floods globally, driven in part by climate change, which disrupts normal rainfall patterns and increases the likelihood of extreme weather. Floods wreak widespread devastation each year, undermining societal and economic resilience. Additionally, flood risk is complex to assess, with many and varied factors shaping the physical and financial loss outcomes. While all floods share the common characteristic of excess water causing damage, different types of floods have distinct characteristics, risks, and impacts. Find out more about floods, what our industry can do to mitigate the risks and how Swiss Re can help: https://ow.ly/UG5150TSr6X