China Virus Risk Poses Many Questions, Swiss Re CEO Says

The video discusses the impact of climate change on insurance, highlighting the increased costs of insuring against natural disasters like bushfires and floods. It emphasizes the certainty of climate change and its effect on premiums. The reinsurance market in China is explored, noting its importance and growth potential. The video also covers pandemic risks, using the 1918 Spanish flu as a reference, and discusses the challenges in assessing such risks due to limited data.

What was notable about the years 2017 and 2018 in terms of natural catastrophes?

• Both years had no significant natural events.

• 2017 was the biggest year for natural catastrophes, and 2018 was the fourth biggest.

• They were the least costly years for insurance companies.

• They were the most boring years on record.

How does climate change affect insurance premiums?

• It increases premiums as climate change is a certainty affecting costs.

• It decreases premiums due to reduced risks.

• It has no impact on insurance premiums.

• It stabilizes premiums by reducing volatility.

Why is it challenging to predict the long-term effects of climate change on specific regions?

• Because climate change is not a real phenomenon.

• Due to the unpredictable nature of climate change and its varied impact on micro-regions.

• Because insurance companies do not study climate change.

• Because all regions are equally affected by climate change.

What is the main focus of the reinsurance market in China?

• To support both big and small clients in a high-growth market.

• To avoid entering the market due to high risks.

• To focus solely on large corporations.

• To limit operations to only a few regions.

What are the key parameters to assess during an outbreak?

• Political stability and government response.

• Economic impact and stock market trends.

• Weather patterns and geographical location.

• Incubation time, transmission rate, and lethality.