In Good Company with Nicolai Tangen Swiss Re CEO: The Business of Reinsurance, Climate Impact and Risk Prevention
104 snips
Mar 11, 2026 
Andreas Berger, CEO of Swiss Re — a global reinsurance leader — explains how reinsurance works and why it matters. He talks about rising natural catastrophe losses, the role of data, digital twins and mitigation to reduce damage. He also explores cyber and AI risks, underwriting discipline, public-private solutions for unaffordable risks, and the strategy behind capital and diversification.
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Treat AI Risk Like An Emerging Insurance Peril
- AI and algorithm malfunction create new, cross-cover exposures similar to cyber's emergence.
- Berger enforces AI governance, keeps humans in the loop, and warns of data biases and malfunction risks in decision systems.
Exclude Then Carve Out New Emerging Risks
- Use exclusions to manage emerging exposures until you can quantify and price them separately.
- Berger describes how cyber was excluded from traditional covers, then carved out into dedicated cyber policies once understood.
Manage Cycles By Shifting Capacity Across Lines
- Reinsurance cycles vary by line; Swiss Re manages a five-year forward target liability portfolio and shifts capacity away from soft markets.
- Berger reallocates capital to non-correlated lines when price cycles soften to protect returns.
