A young Ethiopian girl smiling for the camera

Partnering for more resilient societies

Insurance is vital to economic growth and development. Swiss Re partners with corporations, governments and civil society to pioneer risk transfer solutions that make a real difference to thousands of people around the world.

Major catastrophes dominated the headlines and disrupted lives and livelihoods this year – a sobering reminder that affected communities are no match for the forces of nature. We saw earthquakes in Japan and New Zealand, floods in Australia, tornadoes in the United States, drought in the Horn of Africa and hurricanes in the Caribbean and the eastern seaboard of the US. This is already the second most devastating year on record when it comes to insured losses from catastrophic events.

It’s little wonder governments are increasingly turning to private insurers for risk-bearing capacity and risk financing expertise. Swiss Re is facilitating new forms of public-private partnerships to help governments absorb the financial consequences of catastrophic events and make themselves more resilient.

Committing to make a difference

We’re making a series of bold statements about it during a single week in September, when some of the world’s preeminent leaders converge on New York. During this week Swiss Re and its partners are showcasing a series of commitments at the Clinton Global Initiative that make a real difference to people in impoverished societies.

Swiss Re is also the Founding Sponsor of Climate Week NYC, an annual event where business, government and NGOs gather to address climate change. This year, we are sponsoring a panel entitled "Rethinking resiliency: innovative solutions for climate adaptation," featuring some of the world’s leading thinkers – including ourselves, of course – on this issue.

“Insurance plays an important role in creating economic growth and stability in both advanced and developing economies, and we are proud to be able to pioneer solutions that can truly make a difference to some of the most vulnerable populations around the world,” says Michel Liès, Head of Global Partnerships at Swiss Re. “This September week in the US is therefore very important to us, allowing us to connect with decision makers and thought leaders, to discuss concrete solutions to concrete challenges.”

Find out more about our public-private risk transfer solutions

Catastrophes don’t discriminate by the size or strength of a nation’s economy. They strike with as much ferocity in developed nations, and here too, Swiss Re is leading the charge to help economies and governments protect assets and become more resilient in the face of extreme weather events.

That’s why Swiss Re has developed insurance solutions with a wide range of public entities: from the state of Alabama to cover that state's primary catastrophic hurricane exposure to Vietnam’s national agricultural bank to protect their farmers against the impact of climate change, as well as a Haitian microinsurance NGO to help ensure a continued livelihood for their micro-business owners in case of natural catastrophes. Rapid claims payments can be used for anything from emergency response costs to replacing lost tax revenue to funding of increased insurance costs.

Published 20 September 2011

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