As the world starts to reopen and we grapple with other, immediate global concerns, the virus's fate has only one outcome: it will become endemic in our society. Each major variant so far has been more transmissible than its predecessors and brings different symptoms and differing resistances and susceptibilities to vaccines or treatments. Resurgent waves of breakthrough infections, driven most recently by the Omicron variant, in vaccinated populations with waning immunity, remain an ongoing risk to economic recovery and healthcare.

The US is the centre of the world’s third-party litigation finance (TPLF) industry, in which investors such as hedge funds and family offices finance legal action against companies. Of the USD 17 billion investment into litigation funding globally in 2020, more than half was deployed in the US. Litigation funding companies (LFCs) invest in consumer and commercial litigation by funding legal action in return for a percentage of a successful claim sum.

The Swiss Re Institute Biodiversity and Ecosystem Services (BES) Index assesses which economic sectors are most reliant on nature and evaluates the exposure each country has to BES decline.

Countries around the world depend on a range of vital natural services to help maintain the health and stability of their communities and economies. Better known as biodiversity and ecosystem services, these include food provision, water security and regulation of local air quality among others.

Christian Mumenthaler, Group Chief Executive Officer, Swiss Re 

Profile: Christian Mumenthaler (swissre.com)

Link Article: How we can overcome uninsurability with data | Swiss Re

Andreas Berger, Chief Executive Officer Corporate Solutions

The COVID-19 pandemic has highlighted not only the importance of insurance itself but also the challenges our industry faces. Inefficiencies that undermine the customer experience as well as our profitability persist across the board – largely for the lack of a systematic way to gather and use data and a holistic end-to-end view of the value chain.

Swiss Re Institute

To assess and underwrite risks, the insurance industry relies on experience. However, historical data alone cannot build understanding of the future risk landscape, which is forever changing and presents new and previously unforeseen risks. Swiss Reʼs SONAR report, which has been published annually since 2013, provides a forward-looking perspective, to further promote and engage with such risk dialogue.

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Swiss Re Institute

Insured losses from catastrophe events globally were USD 85 billion in 2018, the fourth highest on sigma records. More than half of the total was the accumulation of losses from smaller and mid-sized secondary natural catastrophes. The total was well below the peak loss years of 2017, 2011 and 2005, reflecting the absence of megaloss generating events. The combined insurance pay outs for natural catastrophe events in 2017 and 2018 were USD 219 billion, the highest ever for a consecutive two-year period.

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The Geneva Association and the International Insurance Society (IIS) have announced the 2017 recipient of their collaborative insurance research program, the Shin Research Excellence Awards.

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