sigma

A trusted source of market information for managers and specialists in the re/insurance industry. The sigma series provides comprehensive analysis of trends in the global insurance markets, and also of strategic issues facing re/insurance and the financial services sectors.

2017

Oct

sigma 5/2017: Commercial insurance: innovating to expand the scope of insurability

Technological, economic, demographic, societal and geopolitical macro trends are driving deep changes in the business environment. These structural changes create new opportunities, but also new risks. Further, the corporate sector has changed from being dominated by physical assets to deriving more value from intangible ones. These transformations and the associated exposures they give rise to show in the risks that companies are most concerned about. For example, today business interruption is the key corporate risk concern, increasingly linked to cyber and supply chain risks, according to surveys of risk experts across the globe.

Sep

sigma 4/2017: Insurance: adding value to development in emerging markets

Emerging markets have been a major driver of global insurance premium growth over the last two decades. In 2016, emerging markets accounted for 20% of global premiums, up from 5% two decades ago. Nevertheless, many individuals and enterprises in emerging markets remain under- or uninsured, and therefore unprotected against external shocks arising from illnesses, natural disasters and accidents. These shocks can have lasting negative consequences for both economic growth and human development. The latest sigma reviews recent evidence-based research, which offers granular insights about the contribution of insurance across a broad range of development metrics.

Jul

sigma 3/2017: World insurance in 2016: the China growth engine steams ahead

Growth in the global economy was little changed in 2016 from the previous year with real gross domestic product (GDP) up 2.5%. Advanced economies’ GDP remained below the pre-financial crisis average, but was slightly above the annual average of the previous 10 years. Emerging market growth picked up only marginally, and was still far below the 10-year average.

Mar

sigma 2/2017: Natural catastrophes and man-made disasters in 2016: a year of widespread damages

In terms of devastation wreaked, there were a number of large-scale disasters across the world in 2016, including earthquakes in Japan, Ecuador, Tanzania, Italy and New Zealand. There were also a number of severe floods in the US and across Europe and Asia, and a record high number of weather events in the US. The strongest was Hurricane Matthew, which became the first Category 5 storm to form over the North Atlantic since 2007, and which caused the largest loss of life – more than 700 victims, mostly in Haiti – of a single event in the year. Another expansive, and expensive, disaster was the wildfire that spread through Alberta and Saskatchewan in Canada from May to July.

Despite its complexities, insurers and companies can get to grips with cyber risk, Swiss Re sigma says; official launch Swiss Re Institute

Cyber threats are evolving rapidly due to the growing digital transformation of society, the widespread use of internet-enabled devices and processes, and the changing profile of hackers. Recent high-profile cyber attacks demonstrate that the extent of associated possible losses is also broadening, increasingly comprising both physical and financial damage relating to data privacy breaches and to companies’ tangible and intangible assets, and also business interruption costs. As a result, the issue of cyber protection is rising up the corporate agenda, at both large and small companies.

We use cookies to gather information that will help us provide the best possible service. By using this site, you are accepting our cookie policy.

In our ongoing efforts to improve the quality and relevance of our publications, we would like to know more about you.

* required fields

Interested in subscribing to our content? Visit our subscription page.