Swiss Reinsurance Company Ltd

Management summary

Despite large natural catastrophe losses, the SST ratio of Swiss Reinsurance Company Ltd (the Company) increases by 15 percentage points to 252%, further improving the entity’s capital position.

A change in methodology for the calculation of MVM of subsidiaries contributes to a decrease in both the SST RBC and the SST TC. This change has an overall positive impact on the SST ratio.

The Company is the holding entity of Swiss Re’s Reinsurance 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 2017 Annual Report of the Company.

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 Company’s audited statutory financial statements. Read more

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

This section presents the Company’s SST calculation and includes explanation of changes relative to 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