Risk REconsidered: a Swiss Re podcast

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Intro

In Swiss Re's inaugural podcast, we delve into the latest trends and challenges in the world of risk. The first series focuses on mitigating climate risk, exploring topics ranging from tornado chasing to the science behind natural disasters.

In this series, we will talk about some of the most pressing issues related to climate change and its impacts on our society, economy, and environment. We will also discuss how the insurance industry and other stakeholders can work together to reduce risks and increase the resilience of our communities.

Each episode offers unique insights from Swiss Re experts, along with guest speakers from various industries worldwide. Join us as we rethink risk and uncover new opportunities for innovation and resilience.

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Episode 6 Building sovereign disaster resilience

In the latest Risk REconsidered podcast, Swiss Re Public Sector Solutions’ Gerry Lemcke and Marina Oberholzer explore innovative risk-transfer solutions that can strengthen countries’ financial resilience to natural disasters.

They discuss the evolution of Public Sector Solutions and a growing toolbox that includes insurance-linked loans, which embed disaster protection into sovereign financing. When a qualifying disaster strikes, an insurer takes over loan payments, providing debt relief and freeing up public funds for recovery.

As Lemcke puts it: “We need more effective instruments in dealing with the debt burden following a natural disaster.”

Expert perspectives Risk transfer to change the post-disaster trajectory

Natural disasters can quickly turn into financial crises, particularly for countries carrying sovereign debt. Insurance-linked loans can help change that trajectory by providing permanent debt-service relief and freeing up resources for immediate recovery.

For more on how Swiss Re can address some of the issues raised in the episode, visit

Learn more about the global impact of natural catastrophes.

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for more insights and risk knowledge Mitigating climate risk

The effects of climate change and global warming are already evident and shaking up our risk landscape: warmer average temperatures, rising sea levels, melting ice caps, longer and more frequent heatwaves, erratic rainfall patterns and more weather extremes.

A most urgent question we need to ask is not only how to tackle climate change, but also how we can best adapt to a changing climate and avert the most damaging consequences – in short, how to mitigate climate risk.

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