Hi everybody and welcome to In Good Company. I'm Nicola Tangan, the CEO of the Norwegian Southern Welfand.

And today we are in a really good company. We are here with Andreas Berger, who is the CEO of Srisree.

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

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

One welcome, Andreas.

Thank you very much.

Thanks for having me.

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

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. So why are giving financial protection to insurance companies.

So why do insurance companies need to insure themselves?

Insurance companies sit in a national or maybe also international context, but they need to

protect the 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.

Do you have to have a special kind of psyche to work with only risks and

negative, potential negative outcomes? No, but I think the purpose, in particular also

reinsurance in our purposes, we make the world more resilient. That resonates for people,

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