Risk insights and digital tools

Next-in-class risk insights and digital solutions to deliver impact for our public sector partners

What we do Harnessing our global risk knowledge and the power of technology

In an ever-evolving risk landscape, public sector entities are exposed to a myriad of risks and challenges when disasters strike. With our risk insights and digital solutions we help you better understand your exposure to various risks and support you in responding effectively to catastrophes.

Public Sector Solutions is a division of the Swiss Re Group. We leverage our access to a diverse pool of in-house risk experts, high-quality data, and proprietary tools to create unique value for you. Discover some of our propositions below.

Propositions

Further Information

Natural hazard analysis insights

Access Swiss Re's comprehensive assessments of natural hazard exposures, available 24/7 for any location in the world. Analyse single locations or entire portfolios by combining hazard, loss, and insurance information with selected background maps and satellite imagery. Use maps and data about climate change, catastrophic event impact, population density and more to support your daily work. Access is flexible and available through a web-based interface, various platforms, integration through APIs into your own internal landscape, or bespoke reports.

Tailored climate and sustainability risk assessments

Public entities play an important role in country/government-wide strategies to deliver on global commitments and to contribute to a resilient future. Through our insights we can help you quantify physical and transition risks related to climate change as a pre-requisite to understand and manage them.

Our tailored risk assessments offer you a new and unique way to translate resilience related risks into actionable insights. With access to climate risk scenarios up to 2080 our inputs can help you evaluate potential financial impacts and track progress against goals.

Risk consulting and analysis

Gain a distinct advantage when it comes to risk insights by using our data analytics capabilities either through risk consulting or access to a suite of off-the-shelf tools. A deep understanding of risk is a distinct part of Swiss Re's DNA. We leverage our global footprint, in-depth expertise of insurance, broad access to data, and state-of-the-art data science capabilities. Whether you are looking to develop risk level pricing, enhance your risk insights when it comes to public asset portfolios, or build a digital public asset inventory, we can share our global expertise and professionally assist you in these endeavours.

Rapid damage assessment

Rapid Damage Assessment (RDA) is an intuitive platform for catastrophe claims managers and loss adjustors to help them make faster and smarter claims decisions during a natural catastrophe event. RDA provides pre and post catastrophe damage insights using hazard models and artificial intelligence on aerial imagery to draw conclusions, make predictions, and assist in decision-making.

Thought leadership sigma 01/2024: Natural catastrophes in 2023

In 2023, natural catastrophes resulted in economic losses of USD 280 billion. Of these USD 108 billion (40%) were covered by insurance, above the previous 10-year average of USD 89 billion. The earthquake in Turkey and Syria was the biggest humanitarian disaster of the year, claiming close to 58 000 lives. With insured losses of USD 6.2 billion, it was also the costliest industry event. Even so, with low insurance penetration in the region impacted, 90% of all property damage was uninsured.

Case studies Our expertise in action

  • Swiss Re has a suite of risk insight tools that we continuously develop as our client needs evolve and data sets become available.

Further Information

Canada: Natural hazard analysis

Addressing flood hazard knowledge gap

Flooding is the most common and costly natural hazard in Canada, causing billions in direct damage to dwellings, property and infrastructure, and affecting thousands of Canadians each year.

With the frequency and severity of these natural disasters expected to increase under climate change, Public Safety Canada initiated an open procurement process to license flood hazard information for all of Canada. Flood risk intelligence firm, Fathom (part of Swiss Re), and catastrophe model developer Aon's Impact Forecasting, has been chosen by Public Safety Canada to enhance its understanding of flood hazard across Canada.

Fathom will provide the Government of Canada with a flood hazard dataset that depicts flood extents and depths for a number of return periods, flood generating mechanisms, and climate change scenarios.

Learn more about this flood hazard analysis project.

EMEA: Analytics for export credit agency

Delivering a long-term transition risk assessment for energy projects

Energy projects impact the long-term energy mix of host countries. A key objective for export credit agencies (ECAs) is to ensure that the energy projects they support comply with the requirements of, for example, the Paris Agreement, which requires in-depth knowledge of country-specific commitments and scenarios. Risk mitigation is a challenge, as the client must assess whether the projects are economically viable based on carbon shadow prices. In addition, gathering and analysing the data from ground-up is difficult and time-consuming. 

Swiss Re’s expertise on climate and sustainability for the insurance industry was combined with our expertise in quantitative analysis to deliver analytics consulting services to an EMEA-based ECA. The services include the integration of large global data sources on climate, energy and economic trends and can be enriched with proprietary CO2 emission models, also leveraged for managing our own business. A detailed report was provided for each assessed project as well as the corresponding market, looking into the CO2 emission profile of the project and alignment with a country’s emission targets. 

Learn more about this transition risk assessment for an European export credit agency.

Australia: Climate solutions for local government

Providing tools and insights to help local councils prioritise risk assessment

The Australian state local government mutual exists to help their member councils proactively manage liability, asset and workers’ compensation exposures whilst ensuring stability and sustainability of cost over the long term. This includes the need to prepare members for the increasing cost and impact of natural catastrophe events and develop a climate resilience strategy. The state membership group is spread over 1.8 million km² of diverse landscape, with exposure to significant cyclone, flood and heat risk. 

By combining various Swiss Re in-house models, tools and disciplines, a modular package was created to provide:  

  • A portfolio analysis of climate change impacts, including qualitative risk assessment of multiple hazards (such as tropical cyclone, flooding, heatwave and bushfire) in present and future climate scenarios. 
  • A summary of the financial implications – quantitative risk assessment in present and future climate scenarios.  
  • An interactive, user-friendly platform for immediate data visualisation. 
  • A suite of climate risks reports for each local council. 

Learn more about this risk consulting project.

Contact us Interested in finding out more? Get in touch to learn how we can work together.

Related solutions