Wider AI use by businesses could add $4.4trn to annual global GDP growth and bring cyber risk directly into a number of general insurance lines says the Swiss Re Institute.
The parametric product, underwritten by Swiss Re and provided locally by ICICI Lombard, was triggered by 40°C heatwaves in May, paying out to 46,242 low-income women in India.
Swiss Re echoes calls for closer collaboration between insurers and manufacturers to address emerging risks and underwriting challenges amid continuing growth of global EV market.
Higher for longer rates predicted to help add US$1.5 trillion in global premiums by 2034, with advanced markets like Australia and Japan leading the surge.
Green transition and ageing population among areas of opportunity for insurers, as CEO Christian Mumenthaler tells China Daily, "There's a lot more to do and I'm certainly excited about the opportunities,"...
Swiss Re Foundation launches SHINE programme in Southeast Asia to support early-stage social enterprises tackling natural hazards, climate risk, and healthcare access.
