Andreas Berger - CEO of Swiss Re | Podcast | In Good Company | Norges Bank Investment Management

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Who insures the insurers? In this episode, Nicolai Tangen talks with Andreas Berger, CEO of Swiss Re, about how reinsurance works and why it matters. They discuss natural disasters, climate risk, and why losses are rising as more people and assets move into high-risk areas. Berger explains how Swiss Re uses data and technology to understand risk, prevent damage, and decide what can — and cannot — be insured. They also touch on cyber risk, AI, leadership, and how to make decisions in an uncertain world. In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episode out every Wednesday. The podcast In Good Company is part of Norges Bank Investment Management, a podcast about our investments. We are transparent about how the fund is invested. In this podcast, you get a deeper insight into the companies the fund is invested in. Our CEO, Nicolai Tangen, has in-depth interviews with the leaders of some of the largest companies in the world. You will get insight into their leadership principles, the company’s strategy and how they are dealing with a large investor like us. You will also learn more about our role as an owner of the companies. You can read more about the podcast on https://www.nbim.no/en/publications/podcast/ 0:00 Intro – Nicolai meets Andreas Berger, CEO of Swiss Re 0:30 What does a reinsurance company do? 3:08 Natural catastrophes: frequency, severity, and climate vs. population growth 6:27 Wildfires, convective storms, and loss prevention 9:40 Insurability, affordability, and public-private partnerships 13:12 The three business units: P&C, Corporate Solutions, and Life & Health 19:48 Emerging risks: cyber, AI, and how exclusions work 24:57 Industry cycles, market structure, and underwriting discipline 34:07 How AI and data are transforming Swiss Re 39:17 Corporate culture, leadership philosophy, and advice for young people