Swiss Re Corporate Solutions Ltd

Management summary

The SST ratio of Swiss Re Corporate Solutions Ltd (the Company) decreases by 10 percentage points to 160%.

Given the entity’s business mix, its solvency position is subject to some volatility, and the decrease is in line with the developments during 2017. In the fourth quarter, the Group strengthened the Company’s capital position by USD 1 billion, underlining its commitment to the commercial insurance market and the long-term strategy.

The Company is the holding entity of Swiss Re’s Corporate Solutions Business Unit.

This Report provides qualitative and quantitative information about the financial condition of the Company. This Report includes financial information already published in the Company’s 2017 Annual Report.

In this section, we provide information about the business model, the strategy and significant events. Read more

We present the performance of the year under review based on the Swiss statutory income statement. Read more

This section provides an overview of the system of governance, key governing bodies, risk management systems and policies. In 2017, Swiss Re’s risk tolerance and capitalisation policy was refined in order to provide clearer guidance and additional operational flexibility to executive management. This change includes a new SST capitalisation target for the Company and is effective from 2018 onwards. Read more

The main components of the total risk calculated under SST are discussed in this section. Read more

In this section, we provide the SST balance sheet and additional quantitative and qualitative explanations on differences to the audited statutory financial statements of the Company. Read more

The capital management strategy of the Company and key changes in 2017 are discussed in this section. Read more

This section presents the Company’s SST calculation and includes explanation on changes against the prior year. In November 2017, FINMA approved Swiss Re’s internal model and its components for SST reporting purposes under their revised model review process. Read more