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Andreas Berger

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14
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2026-03-13
most recent
2026-03-13
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1
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podcast

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  1. “Maybe one aspect. As I was confronted with a lot of changes. Or uncertainties, there was a coup d'etat and Portugal was a revolution, I always take a step back and try to analyze what does that actually mean also for me personally, for family, for you as an individual. And that probably is something that I applied in business to not shoot from the hip. Really analyze the situation, and in today's world with all the uncertainties, with changes every day, you've got to think all the time what does that actually mean? Don't panic. So I call this strategic patience that I apply personally, but also professionally.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “This is the next development. Now, quite frankly, I'm happy if we manage phase one and implement, in particular Gentic AI, because the change we go through is massive, because it changes the way people work today. We have to reimagine our processes. Now, quantum computing comes obviously because we deal with such an amount of data. I'm happy if I do step one and actually implement it properly and generate the benefits. Very far away and will come as a next step then for me.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “So that the individual AI use cases are still standalone use cases and cannot be integrated into your data and technology infrastructure. So the benefits are not visible. That's the biggest problem we have in the industry. Now, what we do with AI, we use AI also to augment, to improve our decision making. But we also use it to improve our processes.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Think AI is changing our work dramatically. We have been dealing with AI for quite some time. So we were at an early stage already working with machine learning, advanced analytics, etc. We are a data company and people company. We think in data models. So we have established a clean data strategy with a front-to-end ontology. And then based on a clean, globally integrated data platform. Now with AI ready, I always call it because every AI use case we have will instantly be integrated into our data and technology infrastructure So that's where you can then detract The benefits Because the problem very often is that data and technology is outdated, it's fragmented. Huge IT legacy and IT debt.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “So I limit capacity deployment to that area. And then I have focused growth ambitions in other areas that are not correlated with, that are not going down. And that's the cycle management. And it's important to understand the behaviors of players in each part of the cycle that a line of business is in.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “First of all, there's not only one cycle. Very important to note. Each product, each line of business, as we call it, has a different cycle So, when a cycle rate Environment is declining in property or natural catastrophe insurance. There are other lines of business that are not correlated to that. And I think that's what we observe. We look at our total portfolio. And we call it the target liability portfolio. We have a five-year forward-looking view and we assume developments, rate developments, but also inflation, etc. That all comes in. And then we see how does my portfolio behave? And if there's one cycle that goes down, I probably will not grow in that area so much anymore.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “Yeah, so that's a new area, and I've been talking about this for quite some time, even before the big hype of AI, because what's happening, people work with data. And data has biases too. And then the algorithms come in. And by the way, software programs have the same, you know, so the malfunction of algorithms or software programs is a topic that we need to really get a better understanding for. In our company, the AI governance and the framework for the digital use of data in business is strongly regulated. So we always have the human in the loop. We don't allow AI to take decisions for the human. And we have this dilemma, and managers have this dilemma. There's this excitement, but then there's also the risk.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “Absolutely. And we have capacity limits and we have risk limits in our company also. And that's very important to measure these.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “It starts with the understanding of the exposure, and that is something where we have to work together, and that's the most critical piece Why don't you get so many limits? Because insurance companies are reducing their exposure by offering smaller limits. Because we don't know actually what the worst case scenario actually could look like.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “So, how does insurance work? You need data. You need data and you need to start to model. You need to understand the data. Let's take one risk where Cyber as an example. It is a common event But if you go out and ask people, tell me what your worst case scenario is You get a lot of answers Also, the deep understanding of the cyber exposures is not good enough yet.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “If you look at it at group level, it increases to 40%. So that's the diversity benefit diversification benefit that I'm talking about.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  12. “We're focused on three business units. One is life and health reinsurance. So our insurance companies, life and health insurance companies, our clients. Property and casualty reinsurance company. That's where the insurance companies sell property casualty, homeowners insurance, motor insurance, et cetera. Then we have a third unit that's called corporate solutions. There we insure corporates large corporates who also have their own insurance companies captives. So these are the three units. And they have a very nice diversification benefit for the group. Life insurance is not correlated to P&C reinsurance. And within P&C reinsurance, the two units are not directly correlated because corporate solutions reinsure externally. I'll give you an example. Natural catastrophes. The capital return on a standalone basis for natural catastrophes is 8%.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  13. “Insurance companies sit in a national or maybe also international context, but they need to protect their balance sheet and they benefit from our diversification that happens at global level. So we've got global diversification because risks are not correlated. But if you look at a standalone basis, then obviously the insurance companies need more capital for this. So diversification helps.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source

  14. “Well, you already said it. We are the insurers of the insurance companies. Some refer to it as the central bank of the insurance industry. Technically not 100% correct. So we are giving financial protection to insurance companies.”

    2026-03-13 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andreas Berger - CEO of Swiss Re · IDENTIFIED FROM THE TRANSCRIPT · source