Swiss Re

Unlock the power of Responsible AI (RAI) in insurance. Our latest article explores how RAI can drive innovation while addressing key risks like bias and ethical dilemmas. Learn how frameworks centered on fairness, transparency, and accountability can help build trust and align #AI with both business goals and societal values. Find out more: https://ow.ly/Xy9K50TCYeg #ForwardInLife

👷🏽♀️👷♂️Engineering projects often push the boundaries of the tried and tested, driving infrastructure, renewable energy, transport systems and industrialisation around the world. Leverage the support of a global reinsurer, equipped with extensive knowledge of risks and the capability to meet the requirements of complex and sizable engineering projects and portfolios. https://ow.ly/JMk350TE1LC

3 reasons you should listen to our new new podcast, Risk REconsidered: 1. Get in-depth insights into severe convective storms 2. Hear about what role climate change plays 3. Hear from a real life tornado chaser 🌪 Join Elisabeth Viktor, Davide Faranda, and Jana Houser as they discuss all things severe convective storms on the first episode - Weathering the storm. Available on all major podcast platforms! 🎙️ https://ow.ly/iMWn50TCaaL

What are the hidden risks of silent AI? Anja Grujovic-Vischer, Senior Emerging Risk Manager at Swiss Re Institute, talks about the emerging AI risks for insurers. As AI reshapes industries and our lives, insurers must rethink their policies to address unforeseen exposures. Watch the full video for more details: https://ow.ly/HI2650TC3Vt

Wind power alone could account for USD 100 billion in premiums between 2022-2035. But what will it take to help insurers and operators across the value chain? 🌊Building in tough environments Offshore wind farms offer access to stronger, more stable winds, resulting in reliable power output. However, ensuring offshore wind turbines are built to operate in the extreme weather conditions of ocean environments is key. 💨Managing resource volatility Like other renewable sources, wind power inherently suffers from resource volatility. Climate change is also projected to alter global wind patterns. Insurance can be instrumental in enhancing projects’ attractiveness to lenders as it enables bankability. For example, index-triggered insurance can protect against income loss, allowing operators and investors to focus on growth with a smoother balance sheet. 🧠Risk knowledge Initiatives like the Offshore Code of Practice (OCoP) help insurers and project participants to reduce their risk exposure, including any impacts from climate change and ensure project quality. At Swiss Re, we support clients tackle these challenge - with risk expertise, innovative products, and reinsurance capacity. Learn more: https://ow.ly/oQ5w50TAWsH

🚨Which new emerging risks in the tech & data space should you be aware of?📡Our new SONAR 2024 report identifies future risks, such as social media driving risky bets and speculative bubbles, silent #AI, and organised crime going digital. Discover these and other future risks: https://ow.ly/Oezt50TzIYv

Happy International Podcast Day!🎙️ What better occasion to listen to the first episode of our new Risk REconsidered podcast series? Catch up on Swiss Re's Elisabeth Viktor discussing severe convective storms - why they matter, what's behind the numbers and how we can be better prepared - with Davide Faranda and find out why these storms have been dominating the insurance loss numbers for the last year and a half. https://ow.ly/Wni350TyBjc #ClimateRisk #InternationalPodcastDay

🌀 Severe convective storms (SCS), in particular the destructive hail that accompanies them, are continuing to drive insured losses in North America, but also elsewhere on the planet, too. This trend from 2023 has continued apace in 2024. 👉 Read more about severe thunderstorms, hailstones, tornadoes and other weather-related risks in the latest edition of degREes - the Swiss Re climate newsletter. #degREes

Climate change isn’t just an environmental concern, it’s also a global security threat. Anna Mejlerö, Senior Emerging Risk Manager at our Swiss Re Institute, explains how climate change is increasing the risk of water and food shortages, leading to social unrest and migration. Particularly, the Arctic is a climate-change hotspot that can undermine global stability. Discover how these risks can impact insurance policies in our latest video: https://ow.ly/Z2v450Tx68f

☀️Solar power shines brightly in the renewables landscape, but did you know that the solar industry can also be vulnerable to the impacts of climate change? Our Centre of Competence for renewable energy helps our clients identify, explore and manage the risks associated with renewable energy projects - understanding the risks along the entire value chain. Discover more: https://ow.ly/U1B350Tv7yB