Swiss Re Ag · SIX:SREN
Swiss Re — Swiss Re Baden-Baden Media Conference 2023
15 slides from Swiss Re's conference presentation, Oct 18, 2023
Slide 1: Starting shortly. Baden-Baden media conference
Starting shortly. Baden-Baden media conference Thorsten Steinmann, Head P&C Reinsurance Northern, Central & Eastern Europe Nikhil da Victoria Lobo, Head P&C Reinsurance Western & Southern Europe Jens Mehlhorn, Head Property Underwriting EMEA Patrick Roder, Head Casualty Underwriting Regional Markets
Slide 2: Swiss Re Media conference Baden-Baden, 18 October 2023
Swiss Re Media conference Baden-Baden, 18 October 2023
Slide 3: Your speakers today
Your speakers today Thorsten Steinmann Nikhil da Victoria Lobo Head Property & Casualty Reinsurance Head Property & Casualty Reinsurance Northern, Central & Eastern Europe Western & Southern Europe 3
Slide 4: Thorsten Steinmann
Partnering for progress #partneringforprogress Thorsten Steinmann Head Property & Casualty Reinsurance Northern, Central & Eastern Europe 4
Slide 5: The current environment creates opportunities and challenges for the re/insurance industry in Europe
The current environment creates opportunities and challenges for the re/insurance industry in Europe Economic indicators Relevance for the industry Elevated inflation levels Underlying inflation persists and may put pressure on claims costs across various business lines. In the Eurozone, 5.5% in 202
Slide 6: Casualty: Economic and social inflation continue to impact the re/insurance industry
Casualty: Economic and social inflation continue to impact the re/insurance industry Inflation impact on motor insurance Social inflation is not a US-specific PFAS3 as emerging social inflation issue anymore trend Economic inflation impact on motor Number of filed European class actions 2 • Class of
Slide 7: Property: Insured losses from natural catastrophes are increasing
Property: Insured losses from natural catastrophes are increasing; demand for natural catastrophe reinsurance is expected to remain high Examples of major natural catastrophe events in 2023 Global insured losses in excess of USD 100 billion per annum are expected to recur. Until end July 2023, globa
Slide 8: Nikhil da Victoria Lobo
Partnering for progress #partneringforprogress Nikhil da Victoria Lobo Head Property & Casualty Reinsurance Western & Southern Europe 8
Slide 9: Natural catastrophes: Secondary perils pose a growing threat, while the protection gap is widening
Natural catastrophes: Secondary perils pose a growing threat, while the protection gap is widening Insured losses from primary and secondary perils in EMEA, Natural catastrophe in USD billions at 2022 prices protection gap, USD billions 30.0 25.0 EMEA Developed The natural catastrophe protection gap
Slide 10: Exposure to SRCC is on the rise and further exacerbated
Exposure to SRCC (strikes, riots and civil commotion) is on the rise and further exacerbated in the aftermath of the pandemic and the Ukraine crisis SRCC drivers Recent examples in EMEA1 Event Year Industry loss Social tension, eg unemployment, inequalities, Riots in France 2023 USD 0.7 billion inco
Slide 11: How do we keep property risks insurable in times of rising loss burdens?
How do we keep property risks insurable in times of rising loss burdens? Demand for natural catastrophe reinsurance continues to exceed supply, as the risk drivers of climate change, demographic change and inflation remain unchanged. A sustainable re/insurance market is the prerequisite for future i
Slide 12: Q&A
Partnering for progress #partneringforprogress Q&A Please raise your hand to ask a question. 12
Slide 13: Thank you for your attention.
Partnering for progress #partneringforprogress Thank you for your attention. For any further questions, please contact the Media Relations team at media_relations@swissre.com +41 43 285 71 71 13
Slide 14: 18 October 2023 | Baden-Baden media conference
18 October 2023 | Baden-Baden media conference 14
Slide 15: Legal notice
Legal notice ©2023 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
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