Swiss Re AG · SIX:SREN
Swiss Re — Investor Day (November 2019)
15 slides from Swiss Re's investor day presentation, Nov 25, 2019
Slide 1: Corporate Solutions
Corporate Solutions Andreas Berger, Chief Executive Officer Corporate Solutions
Slide 2: Corporate Solutions remains key to Swiss Re's differentiation strategy
Corporate Solutions remains key to Swiss Re’s differentiation strategy Implement De-commoditise our core Grow with Expand through tech- management actions business differentiating assets driven solutions Client Risk Capital Access Knowledge Strength Investors' Day | London, 25 November 2019 62
Slide 3: Focused value proposition in a large pool of commercial insurance risks
Focused value proposition in a large pool of commercial insurance risks Commercial Corporate Solutions’ insurance market addressable market Our market presence Our proposition Segmentation Gross premiums written, 20191 Excess Layers: Bringing international programme Top 5 – 10 capabilities where few
Slide 4: We are building on Corporate Solutions' strategic priorities
We are building on Corporate Solutions’ strategic priorities Expand through De-commoditise Grow with our Implement management actions tech-driven our core business differentiating assets solutions Pruning, expense savings, rate Leverage risk knowledge, Address industry Capture value and increases an
Slide 5: We are rebalancing towards a more diversified global portfolio
We are rebalancing towards a more diversified global portfolio Portfolio split by region and sub-line Portfolio development year-on-year % of gross premiums written Gross premiums written, USD bn ~4.4 USD 3.2bn USD 3.6bn 9% 11% Asia 3.6 22% 27% EMEA 3.2 0.3 10% Latin America 9% -0.2 0.3 North Americ
Slide 6: Good progress with the implementation of our management actions
Good progress with the implementation of our management actions Expected combined ratio development 110% ~5%pts ~6%pts ~1%pt 98% ~2%pts Normalised 2018 Portfolio pruning Rate increases Net expense savings Adjusted reinsurance 2021 target combined ratio structure combined ratio1 ~25% of pruning Broad
Slide 7: Pricing momentum for Corporate Solutions remains strong
Pricing momentum for Corporate Solutions remains strong Commercial insurance market prices are increasing since 2018 Corporate Solutions is seeing even stronger pricing momentum1 Risk-adjusted price quality change Premium volume 15% 14% 13% 13% 12% 12% 11% 10% 7% 5% Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 2015 2
Slide 8: De-commoditise our core business
De-commoditise our core business Line of business Superior insights Property & • Proprietary Nat Cat model offers differentiated view of risk to market; market-leading Energy innovative capabilities (e.g. parametric solutions) • 20+ years close relationships with large accountants and lawyers create
Slide 9: Capturing value from differentiating Corporate Solutions' assets
Capturing value from differentiating Corporate Solutions’ assets International Programme Innovative Risk Solutions High-growth market Weather / Environmental Lead (IRS) joint venture plays and commodity markets Leverage market-ready, state-of- Highly structured risk solution Enter in selected distri
Slide 10: Pursue opportunities to develop innovative tech-driven solutions
Pursue opportunities to develop innovative tech-driven solutions Corporate Solutions will pursue strategic Strategic priorities tech initiatives for the future • Use of technology to drive clear Addressing customer differentiation in the market and pain points and industry e.g. IPA1 platform, genera
Slide 11: Forming a focused, profitable and resilient commercial lines business
Forming a focused, profitable and resilient commercial lines business Clear financial targets Establish stable foundation and restore underwriting profitability of Combined ratio target1 our book 98% Reduce earnings volatility and improve resilience vis-à-vis future in 2021 and pricing cycles furthe
Slide 12: Corporate calendar and contacts
Corporate calendar and contacts Corporate calendar 2020 20 February Annual Results 2019 Conference call 19 March Publication of Annual Report 2019 17 April 156th Annual General Meeting Zurich Investor Relations contacts Hotline E-mail +41 43 285 4444 Investor_Relations@swissre.com Philippe Brahin Da
Slide 13: Investors' Day | London, 25 November 2019
Investors' Day | London, 25 November 2019
Slide 14: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans, objectives, targets, and trends) and illustrations provide current expectations of future events based on certain assumptions and include
Slide 15: Legal notice
Legal notice ©2019 Swiss Re. All rights reserved. You may use this presentation for private or internal purposes but note that any copyright or other proprietary notices must not be removed. You are not permitted to create any modifications or derivative works of this presentation, or to use it for