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Further Information
The Social and Economic Value of Insurance
The reinsurance industry plays an important role in society through its long-term investments and by providing financial stability for individuals, institutions and economies alike.
The Covid-19 pandemic, fraying multilateralism, violent conflicts, and intensifying natural catastrophes, coupled with the economic shocks that have accompanied these severe disruptions, underscore the importance of preparedness against peak perils that can exact a severe social, human, or financial toll. From illness and accidents to natural disasters and cyber-attacks, Swiss Re has the knowledge to inform customers, corporations, and governments on the preparations for, protections against and the pricing of risks, as well as the tools to transfer the financial burden, mitigate losses and keep insurance affordable.
By drawing attention to and addressing a broad range of risks, from climate change to healthy ageing and the energy transition, re/insurance can help strengthen the resilience that nations and individuals need, at all levels of society, in times of crisis. As a leading reinsurer, Swiss Re has the experience, expertise and innovative solutions to guide the mitigation of complex risks before they happen, as well as the financial strength to pay claims that foster recovery when risks become reality.
Financial Stability and Economic Resilience
Widely available insurance, diversified through reinsurance, is a foundation of economic resilience, stability, and growth. By alleviating exogenous risks, insurance facilitates planning and investment by reducing the requirement for capital reserves and releasing liquidity.
However, it is estimated that 75% of risks are uninsured. This significant protection gap means that citizens and taxpayers are unprotected against potential destitution, and that the long-term stability needed to help support critical investments, such as in sustainable infrastructure and energy transition, is exposed to fluctuations.
Swiss Re's insight and solutions support our partners, helping them manage their assets and capital, and pivot toward new growth opportunities. By expanding access to protection, we aim to reduce the global protection gap and build resilience at every level of society.
Macroeconomics and Insurance Markets
Swiss Re's research and publications, informed by global partnerships, expand understanding of the rapidly evolving societal, economic, and regulatory risk landscape, as well as the role of reinsurance and insurance markets. Our risk knowledge and insights can unlock focused decision making and identify strategic opportunities for executive decision makers in every organisation, empowering them to make optimal decisions.
Alongside private consultation for our partners, Swiss Re produces regular public research and timely analysis of macro developments and market events in the global economy and the implications for the reinsurance industry. From our landmark sigma series, a leading feature of the insurance industry since 1968, to Economic Outlooks and Insights, this research forms the backbone of our contribution to the public debate and the basis for opportunities to engage with global policy- and decision-makers on the most pressing risks.
Public-Private Partnerships
Escalating crises and elevated macro-economic pressure are pushing governments around the world to seek additional budget protection and prepare better.
Swiss Re Public Sector Solutions works with governments, international institutions and the broader public sector ecosystem to help build a more resilient, more inclusive and safer future. We leverage the Swiss Re Group's 160 years of experience, extensive risk insights and global risk transfer capabilities to deliver through Public Private Partnerships such ambitious objectives.
We're not only about better disaster risk protection, for instance through sovereign catastrophe covers, we also work with our public clients on facilitating investment and enabling economic growth.
With a presence in 13 countries and transaction track record in over 80, we are proud to be amongst the most active and established partners in the re/insurance industry for public sector resilience. But there is much more that we can do, and we constantly innovate and upgrade our offerings to better meet the increasing demand from our public sector partners.