As part of our comprehensive risk management, we address sustainability and emerging risks. For this, we have developed specific tools and know-how.

2020 highlights:

  • Developed an exit strategy for thermal coal in our treaty business.
  • Started to implement our sharpened oil and gas policy.
  • Further automated our Sustainable Business Risk assessments.
  • Started to measure the carbon footprint of our direct insurance portfolio, applying a methodology developed with the CRO Forum.
  • Launched an updated version of our “Sustainable Business Risk Framework” publication.
  • Published our yearly SONAR report.

Risk management is an integral part of Swiss Re’s business model and key to the controlled risk-taking that underpins our financial strength. It is embedded throughout our business and ensures that the Group and the two Business Units have the necessary expertise, frameworks and infrastructure to support good risk-taking. This allows us to be a reliable partner for our clients and make the world more resilient. You can find out more about the core categories of Swiss Re’s risk landscape in the Financial Report 2020.

As a company committed to sustainability, we also place emphasis on specific risks that may undermine long-term value creation. We consider sustainability and emerging risks to be of particular relevance in this respect and have developed instruments to identify, assess and address them. This allows us to determine those risks we think we should avoid – because of their environmental and social impacts as well as their potential to increase losses. Furthermore, we have policies and tools in place to address cyber-related and political risks. You can find information about these on our website.

The carbon risks embedded in our core re/insurance business (ie the “liability side”) have recently become a priority. To achieve the net-zero emissions target we have set ourselves for 2050 we are developing a comprehensive carbon steering mechanism and are sharpening relevant policies of our Sustainable Business Risk Framework.