Key ideas from Andreas Berger

• Swiss Re acts as 'the central bank of the insurance industry,' providing financial protection to insurance companies globally
• Natural catastrophe insurance returns jump from 8% standalone to 40% at group level through diversification benefits
• Cyber insurance remains limited due to insufficient data and understanding of worst-case scenarios
• AI governance requires 'human in the loop' approach - AI augments decisions but doesn't replace human judgment
• Each insurance line has different cycles, allowing portfolio management across uncorrelated risk areas
• Clean, integrated data infrastructure is critical for AI implementation - fragmented legacy systems limit benefits