Swiss Re's Call for a Holistic Approach in Complex Risk Landscape

Swiss Re emphasises the need for a comprehensive approach to maintain resilience amid escalating natural catastrophe losses. These highlight the importance of preventive measures and collaboration between public and private entities. Geopolitical uncertainties and fragmentation are increasing volatility, complicating risk assessment in the re/insurance market.

The adoption of artificial intelligence (AI) is set to improve risk assessment and underwriting quality, making it a crucial component for the industry. AI's ability to process unstructured data is becoming indispensable rather than just aspirational. Swiss Re sees AI as critical in managing risks effectively.

The company underscores the re/insurance sector's role as a stabilising force in the face of global disruptions, advocating for structured risk management in tackling geopolitical and environmental challenges.