SASB: reference table
See below for Swiss Re’s disclosures related to the Sustainability Accounting Standard Board (SASB) since reporting year 2023.
Tab navigation
2024
Zurich, 13 March 2025
This reference table matches the recommendations of the SASB standards for the insurance industry (version 2018-10), with indications of where relevant information can be found in the Sustainability Report. This is a summary overview. For further and complete information, refer to the Sustainability Report 2024 and the Annual Report 2024.
Abbreviations:
-
SR: Sustainability Report
-
AR: Annual Report
Topic
Accounting metric
Swiss Re disclosure
Transparent information & fair advice for customers
Accounting metric
Total amount of monetary losses as a result of legal proceedings associated with marketing and communication of insurance product related information to new and returning customers (FN-IN-270a.1.)
Swiss Re disclosure
Not disclosed. This metric is not considered relevant for a reinsurer (as primarily B2B business).
Accounting metric
Complaints-to-claims ratio (FN-IN-270a.2.)
Swiss Re disclosure
Not disclosed. This metric is not considered relevant for a reinsurer (as primarily B2B business).
Accounting metric
Customer retention rate (FN-IN-270a.3.)
Swiss Re disclosure
Not disclosed.
Accounting metric
Description of approach to informing customers about products (FN-IN-270a.4.)
Swiss Re disclosure
Not disclosed. This metric is not considered relevant for a reinsurer (as primarily B2B business).
Incorporation of environmental, social, and governance factors in investment management
Incorporation of environmental, social, and governance factors in investment management
Accounting metric
Total invested assets, by industry and asset class (FN-IN-410a.1.)
Swiss Re disclosure
See SR: Responsible investing: Responsible Investing strategy and AR: Financial statements: Balance sheet.
Accounting metric
Description of approach to incorporation of environmental, social, and governance (ESG) factors in investment management processes and strategies (FN-IN-410a.2.)
Swiss Re disclosure
Swiss Re considers ESG aspects for close to 100% of its Strategic Asset Allocation. See SR: Sustainability governance: Sustainability-related involvement of the Group EC, SR: Business conduct & overarching policies: The ESG Risk Framework, SR: Responsible investing: Responsible Investing strategy, and SR: Climate-related disclosures: Climate risk management.
Policies designed to incentivize responsible behaviour
Policies designed to incentivize responsible behaviour
Accounting metric
Net premiums written related to energy efficiency and low carbon technology (FN-IN-410b.1.)
Swiss Re disclosure
Swiss Re offers a range of re/insurance solutions that help clients manage the risks associated with various types of transition-technology-related projects. For details, see SR: Sustainability in underwriting: Managing sustainability opportunities in underwriting, SR: Climate-related disclosures: Climate strategy, and SR: Climate-related disclosures: Climate targets and metrics.
Accounting metric
Discussion of products and/or product features that incentivize health, safety, and/or environmentally responsible actions and/or behaviours (FN-IN-410b.2.)
Swiss Re disclosure
Swiss Re helps its clients and partners manage the risks they face by assuming and transferring risks to its balance sheet. Its offering includes risk transfer products and solutions that support the two ambitions of the Group Sustainability Strategy: advancing the net-zero transition and building societal resilience. For details, see SR: Sustainability in underwriting: Managing sustainability opportunities in underwriting and SR: Climate-related disclosures: Climate strategy.
Swiss Re shares knowledge and engages in dialogue with stakeholders. See SR: Sustainability in underwriting: Managing sustainability risks in underwriting and SR: Sustainability in underwriting: Client engagement.
Environmental risk exposure
Environmental risk exposure
Accounting metric
Probable Maximum Loss (PML) of insured products from weather-related natural catastrophes (FN-IN-450a.1.)
Swiss Re disclosure
Swiss Re uses annual expected losses (AEL) from weather-related perils to identify material portfolios that are potentially exposed to changes in the frequency and severity of extreme weather events due to climate change.
See SR: Appendix: Sustainability data.
To assess the risk of individual rare natural catastrophe events, Swiss Re employs value-at-risk (VaR) or tail VaR metrics. For example, the 99.5% VaR represents the loss likely to be exceeded in only one year out of two hundred, see AR: Risk and capital management: Risk assessment, where the results of insurance risk stress tests are provided for the peak insurance risks.
Accounting metric
Total amount of monetary losses attributable to insurance pay-outs from (1) modelled natural catastrophes and (2) non-modelled natural catastrophes, by type of event and geographic segment (net and gross of reinsurance) (FN-IN-450a.2.)
Swiss Re disclosure
For the sum of large natural catastrophe claims incurred, see AR: Financial year: Property & Casualty Reinsurance and AR: Financial year: Corporate Solutions.
Accounting metric
Description of approach to incorporation of environmental risks into (1) the underwriting process for individual contracts and (2) the management of firm-level risks and capital adequacy (FN-IN-450a.3.)
Swiss Re disclosure
When underwriting transactions, Swiss Re considers a variety of factors and has a specific process in place to assess potential ESG risk exposures, where information granularity is available and allows for a meaningful ESG risk assessment. This level of granularity is most often found in single-risk re/insurance business. For details, see SR: Business conduct & overarching policies: The ESG Risk Framework, SR: Sustainability in underwriting: Managing sustainability risks in underwriting, and AR: Risk and capital management: Financial strength and capital management.
For more information on Swiss Re’s climate risks specifically, see SR: Climate-related disclosures: Climate risk management.
Systemic Risk Management
Systemic Risk Management
Accounting metric
Exposure to derivative instruments by category: (1) total potential exposure to non-centrally cleared derivatives, (2) total fair value of acceptable collateral posted with the Central Clearinghouse, and (3) total potential exposure to centrally cleared derivatives (FN-IN-550a.1.)
Swiss Re disclosure
See AR: Financial statements: Note 7 Investments and AR: Financial statements: Note 10 Derivative financial instruments and hedge accounting.
Accounting metric
Total fair value of securities lending collateral assets (FN-IN-550a.2.)
Swiss Re disclosure
Accounting metric
Description of approach to managing capital and liquidity-related risks associated with systemic non-insurance activities (FN-IN-550a.3.)