Swiss Re CFO Dacey on 1Q Earnings

The transcript discusses Swiss Re's performance, highlighting positive momentum in reinsurance and lower-than-expected catastrophe losses due to strategic reunderwriting. It addresses the pandemic's impact on life insurance pricing, emphasizing the need for adjustments while maintaining future coverage. The discussion extends to event cancellation and business interruption insurance, noting reduced losses and the positive effect of vaccination programs. Finally, Swiss Re's approach to returning to office and hybrid work models is explored, indicating a shift towards flexibility and adaptation to post-pandemic norms.

What was a key factor in Swiss Re's lower-than-expected catastrophe losses?

• Higher investment returns

• Increased insurance premiums

• Strategic reunderwriting and reduced exposure

• Government subsidies

How has Swiss Re adjusted its life insurance pricing models in response to the pandemic?

• Significant price increases

• Complete overhaul of pricing models

• Minor adjustments to ensure future coverage

• No changes were made

What is one of the goals of Swiss Re's pricing strategy for life insurance?

• To maximize profits

• To encourage healthier lifestyles

• To reduce competition

• To eliminate risk entirely

What impact did successful vaccination programs have on Swiss Re's life and health insurance?

• Increased losses

• No impact

• Materially reduced losses

• Increased premiums

What is Swiss Re's approach to returning to office work post-pandemic?

• Office work only for senior staff

• Flexible hybrid models

• Permanent remote work

• Mandatory full-time office work