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In Good Company with Nicolai Tangen

HIGHLIGHTS: Andreas Berger - CEO of Swiss Re

In Good Company with Nicolai Tangen

Norges Bank Investment Management

Norges Bank, Nicolai Tangen, Business, In Good Company

4.7 • 236 Ratings

🗓️ 13 March 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We've curated a special 10-minute version of the podcast for those in a hurry.  

 

Here you can listen to the full episode: https://podcasts.apple.com/no/podcast/swiss-re-ceo-the-business-of-reinsurance-climate/id1614211565?i=1000754597591&l=nb

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 full episodes every Wednesday, and don't miss our Highlight episodes every Friday. 

 

The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Oscar Hjelde.

 


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Transcript

Click on a timestamp to play from that location

0:00.0

Hi everybody, tune in to this short version of the podcast, which we do every Friday for the long version.

0:06.6

Tune in on Wednesdays.

0:09.2

Hi everybody and welcome to In Good Company.

0:11.9

I'm Nicola Tangen, the CEO of the Norwegian Sovan Welfand.

0:14.6

And today we are in really good company.

0:17.4

We are here with Andreas Berger, who is the CEO of Sris R.

0:23.6

Now, Sris R is a very interesting company. They basically insure insurance companies.

0:27.6

We own 1.6% of the company or 800 million US dollars.

0:31.6

One welcome, Andreas.

0:33.6

Thank you very much. Thanks for having me.

0:35.6

So let's start with the simplest thing here. What does a reinsurance company do?

0:40.3

Well, you already said it. We are the insurers of the insurance companies.

0:45.3

Some refer to it as the central bank of the insurance industry. Technically not 100% correct.

0:50.3

So we are giving financial protection to insurance companies. So why do insurance companies

0:56.9

need to insure themselves? Insurance companies sit in a national or maybe also international context,

1:02.6

but they need to protect the balance sheet. And they benefit from our diversification that happens

1:08.6

at global level. So we've got global diversification because risks are not correlated.

1:14.3

But if you look at a standalone basis, then obviously the insurance companies need more

1:20.5

capital for this. So diversification helps.

1:24.9

Andreas, can we talk about the different types of risks that you insure? How do you split it?

1:28.8

Yeah, we've focused on three business units. One is life and health re-insurance.

1:34.3

So our insurance companies, life and health insurance companies are our clients.

...

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