Mitigating climate risk
Climate Risks: What we focus on
We focus on three primary areas of climate risk that we feel are most important for society and where we can provide solutions to the underlying risks:
Natural catastrophes and the protection gap
Most natural catastrophe losses, including those caused by climate change, are not covered by insurance. This means that millions of households and businesses face a large and widening protection gap. With its re/insurance solutions, Swiss Re protects communities and businesses against the financial fallout from natural catastrophes, helping them recover quickly after a disaster and adapt to climate change.
Transition to a net-zero economy and the role of renewables
Notwithstanding the negative impact on our communities, our health and our natural world, climate change could also become a permanent drag on our economy. If we don't mitigate the risks and drastically reduce carbon emissions with a goal of net zero, the global economy will be significantly smaller by mid-century due to income and productivity losses.
Swiss Re offers innovative solutions for the journey to a net – zero economy by minimizing the risks associated with renewable energy and infrastructure projects while helping to drive continued growth and investment in the renewable energy sector. Our risk knowledge and expertise on renewables includes wind, solar, hydro, biomass, geothermal and battery storage as well as grid enhancement projects, making Swiss Re the partner of choice.
Progress through public-private partnerships
The most urgent question we need to ask is how best to tackle the source of the climate change problem by drastically reducing carbon emissions and how to avert the most damaging consequences by adapting to impacts that are already unavoidable. No single industry or region can do this alone. Meeting a challenge of such magnitude can only be achieved in partnership between the public and private sectors.