Engineering: enabling progress
Engineering projects often push the boundaries of the tried and tested. They entail risks that are hard for the insurance industry to assess, and harder still to underwrite.
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Over the coming years, the world needs vastly expanded urban infrastructure for a growing population, clean energy supply and sustainable, new transportation systems. Improved building standards, methods and risk management may reduce incidents. That said, projects will continue to get bigger and more complex. The risks associated with them need to be understood, reduced, mitigated and ultimately insured.
Reinsurance is a key enabler of infrastructure investments
Reliable, competent re/insurance is a key enabler of the infrastructure investment that our world needs so urgently. To close the gap on both fronts, Swiss Re Global Engineering is at the frontier of technology. As new technologies and exposures evolve, we constantly develop and tailor protection products with our clients.
Beyond standard insurance solutions
Swiss Re Global Engineering writes both treaty and facultative reinsurance. Our broad product offering and capital strength enable us to work with our clients beyond standard insurance solutions. We are committed to making the world more resilient by developing innovative protection products for advancing sustainable infrastructure and energy solutions.
Infrastructure - The foundation of societal resilience
Infrastructure is key to long-term economic growth and resilient societies. It helps improve people’s quality of life and reduces inequalities by supporting connectivity and fostering change for the better. But infrastructure projects are costly and must consider economic, environmental and social impacts to make a positive impact.
To ensure that our infrastructure stands on a sustainable footing two main challenges are to be met: the infrastructure funding gap and finding climate risk sustainable alternatives to reducing carbon emissions.
A driver for sustainable infrastructure investments
Re/insurance can act as driver for sustainable infrastructure investments as we play a significant role as a risk taker. Infrastructure projects require huge upfront investments for design and construction as well as for ongoing operation and maintenance. They involve potential risks and financial liabilities throughout their project life cycle and along the entire value chain. As a risk taker, we offer solutions that mitigate the risks for investors and operators of infrastructure projects. At the same time we also operate as a long-term investor.