Swiss Re, the world's second-largest reinsurer, promises higher investments in research and development. The focus: managing risk.
Swiss Re, based in Zurich, wants to broaden research and development activities. A stronger focus on and investment in research and development will create a competitive advantage in this area, the company said in a statement today, ahead of its investors' day.
To that end, Swiss Re has launched the Swiss Re Institute. Christian Mumenthaler said that the focus on research and development was based upon an acknowledgment of «significant challenges in some of our markets».
Focus on the Best
«In the current environment, it is absolutely essential that we focus on what we do best: leverage our capability to price risk and allocate capital to those opportunities that are most attractive,» Mumenthaler added.
The company reiterated that its capital position was strong and repeated its financial targets.
