Swiss Re overview

The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk-taking upon which enterprise and progress in society depend. Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of around 70 offices globally and is rated “AA-” by Standard & Poor’s, “Aa3” by Moody’s and “A+” by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed in accordance with the International Reporting Standard on the SIX Swiss Exchange and trade under the symbol SREN.

In August 2018, Swiss Re announced it had partnered with FlightStats and big-name insurer Chubb to bring parametric flight delay insurance to consumers. I

In 2019, the Group's commercial insurance arm, Swiss Re's Corporate Solutions, teamed up with French cyber security insurtech, OZON, to launch an innovative risk management product that combines insurance with cyber attack protection services.

That year, the reinsurer announced the promotional launch of its Financial Health program, developed in collaboration with Sharecare, to encourage people to take control of their physical, emotional, and financial wellbeing.

Also in 2019, Swiss Re collaborated with Pioneer to launch a telematics solution for auto insurers, which has been made available in Swiss Re's telematics suite. The new services include real-time drive warnings, crash detection and other claims-related services.

In November 2019 CPIC and Swiss Re revealed the two companies were exploring an agreement that would see each company make an investment in the other. CPIC was in talks to invest around $2bn for a stake in Swiss Re, and the latter would invest in a $500m-$1bn minority stake in CPIC.

In February 2020 the Swedish flatpack furniture giant IKEA launched a simple home insurance product in partnership with Swiss Re's white-label Insurance-as-a-Service platform iptiQ. Available online from the IKEA website, the new HEMSÄKER product will be sold in Singapore and Switzerland at first, with a focus on giving financial resilience to the underinsured.

Swiss Re partnered with Microsoft in March 2020 to launch the Digital Market Center. The centre aims to develop new risk management services and insurance products based on Azure cloud technologies, IoT and AI, and will also create cyber platforms to analyse business risks.

The following month, Swiss Re announced it would open access to its proprietary Life underwriting manual for 90 days to help all life and health insurers review the way they assess risk.

In June 2020 Swiss Re announced the closure of its Life Capital Business Unit. The unit, a combination of iptiQ, elipsLife and ReAssure, will be broken up towards the end of 2020 when ReAssure is acquired by Phoenix Group. ElipsLife will move to Corporate Solutions, whilst iptiQ will be a standalone division as of 01/01/21.

Swiss Re partnered with Banking giant UBS in July 2020. UBS is to launch life insurance for property owners in Switzerland with the insurer.

The following month, in August, Swiss Re partnered with OneConnect to co-develop a digital end-to-end solution for auto claims handling for the European market. The solution with leverage OneConnect's AI-based image recognition technology and Swiss Re's expertise.

In August 2020 Alphabet's Verily partnered with Swiss Re to launch a new health insurance venture - the Coefficient Insurance Company. The new Verily subsidiary will help self-funded employers by providing stop-loss insurance, and will leverage Verily's tech and data science, and Swiss Re Corporate's distribution model.

That same month, Swiss Re invested a reported $100m into Chinese Insurtech Waterdrop, as part of its $230m Series C round. Whilst not confirming figures, Swiss Re said the move was part of a long-term commitment to the Chinese market.

In October Swiss Re and Daimler Insurance Services partnered to launch an auto insurtech Movinx, which will offer flexible and fully digital products. Movinx will act as a MGA, and the joint venture will be open for cooperations with other stakeholders such as car manufacturers or, more generally, mobility service providers.

In March 2021 Swiss Re Corporate Solutions has invested into Verily's precision risk health insurance company Granular Insurance (previously known as Coefficient). Granular provides smart employer benefit risk sharing through data-driven insights and predictive analytics, and already supports over 100k consumers - a number the companies expect to grow 'significantly' over the next few months.

Map showing the location of Swiss Re

Zürich, Switzerland

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Key people

Renato Fassbind Vice Chairman of Board of Directors
Carlos Represas Member of the Board of Directors
Pierluigi Fasano Director, Head Enterprise Architect Reinsurance & IoT Group Practice Leader
Reto Marta Telematics Product Developer (Vice President)
Bruce Adams Senior Vice President
Boyi Xie Head Modelling & Insights Americas, Vice President
Nina Zhou Head of PI&A North Asia
Benedict Hentsch Member of the Board of Directors
Bill Donnell President of US P&C
Simon Nebel Member of the Board of Directors
Pascal Marmier Head Digital Analytics Catalyst Boston | Senior Vice President
Cecilia Sevillano Head of Smart Home Solutions
Ariella Chivil UX Manager
JJ Carroll Head of New Solutions Group
Jerry Gupta Senior Vice President, Digital Catalyst
Francesca Cornelli Member of the Board of Directors
Alison Mclean Head of Behavioural Research
David Gonski Chairman of the Board of Directors
Roger Gonourie Head of Global Sourcing
Yannick Even Director - Head of InsurTech Solutions Asia
Clarence Wong Chief Economist, Asia-Pacific
Martin Spoerri Director, Head UW P&C & Costing Solutions - D&R
Karen Tan Chief Risk Officer Reinsurance Asia
Stephen Schmalhofer Assistant Vice President
Daniele Del Bo Vice President Strategy Team EMEA
Jean Roth Member of Board of Directors
Gerhard Lohmann CFO Reinsurance
Eric Smith Regional President Americas
Fredi Lienhardt Big Data & Smart Analytics Centre Manager, Vice President, Group Underwriting
Patrick Raaflaub Group Chief Risk Officer
Moses Ojeisekhoba Chief Executive Officer Reinsurance
Christian Mumenthaler Group CEO
Pavan Pendyala Head Of Integration
Yash Lanka Technical Design Consultant
Andreas Berger Chief Executive Officer Corporate Solutions
Anette Bronder Group Chief Operations Officer at Swiss Re
Russell Higginbotham Chief Executive Officer Reinsurance Asia / Regional President Asia
Urs Baertschi Chief Executive Officer Reinsurance EMEA / Regional President EMEA
Thierry Léger Group Chief Underwriting Officer
Pravina Ladva Group Digital Transformation Officer