Mitigating climate risk and advancing the energy transition
We offer re/insurance solutions that address physical climate risk and support the shift towards a low-carbon economy.
The effects of climate change and global warming are already evident and shaking up our risk landscape: warmer average temperatures, rising sea levels, longer and more frequent heatwaves and more weather extremes. We continue to evolve our way of doing business towards a low-carbon economy in line with the Paris Agreement. Our key objectives are:
- We aim to become the leading re/insurance company on physical climate risk.
- We aim to become a leading provider of re/insurance solutions for low-carbon transition opportunities.
- We build partnerships to develop scalable solutions to mitigate and adapt to climate change.
Mitigating climate risk
You can read about a selection of our transactions addressing climate risk in our 2019 Sustainability Report:
In recent years, we have helped develop numerous solutions that offer our clients protection against various natural catastrophe risks. Click on the links below to find out more:
- Designing a new type of insurance to protect the coral reefs, economies and the planet
- Provincial governments in the Philippines seal deal to strengthen country's disaster resilience, with Swiss Re's support
- Insurance payout helps herders save drought-stricken livestock in Kenya
- Successful Kenya Livestock Insurance Program scheme scales up
- Swiss Re introduces first parametric aquaculture insurance solution in Taiwan to protect 120,000 hectares of grouper fish ponds from extreme rainfall in Ping Tung
- Swiss Re signs MoU with City of Dalian during WEF China to strengthen disaster resilience
- First MiCRO natcat business interruption cover launched in Guatemala
- New Orleans celebrates one year of resilience building: Swiss Re and Veolia report progress on resilience and recovery solution
- Swiss Re reinsures biggest natural disaster insurance programmes in China
- Thai Rice Insurance Scheme scales up to cover 2 million rice farmers
- Swiss Re helps Florida prepare for the next big hurricane
- Swiss Re China protects cotton farmers' yields in cold weather: first programme launched
Advancing the energy transition
In our 2019 Sustainability Report you can read about two important offshore wind farm projects we were involved in in 2019:
In our Corporate Responsibility Reports of past years, you can read about further offshore wind farm projects we have supported:
- Nissum Bredning Vind Offshore Wind Farm and Trianel Windpark Borkum II
- Rentel and Merkur offshore wind farms
- Block Island and Gode Wind 1 & 2
- Dudgeon and Sandbank wind farms