PPT Schweizer Hagel – Hansueli Lusti

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PPT Schweizer Hagel – Hansueli Lusti

  1. 1. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativaSwiss Hail Insurance CompanyHansueli Lusti, Vice Director
  2. 2. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 2PreambleThe following presentation is about insurance against naturalhazards on all kind of crops – not livestock – in Switzerland.
  3. 3. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 3Setting the Scene:the Climate Change Challengefor Effective Agricultural Insurance
  4. 4. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 4• Climate is changing, globally andnationally• Agricultural adaptation strategiesare only applicable to a limitedextent
  5. 5. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 5• From single peril to multi-perilcrop insurance• State aid for extended multi-perilcrop insurance
  6. 6. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 6• Farmer’s responsibility to copewith– capricious weather– epizootic diseases– dramatic market– yield fluctuations• Contractual agreements• Insurance• Futures
  7. 7. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 7• Single peril insurance and multi-peril insurance• New forms:– Farm revenue and farm yieldinsurance– Regional revenue and yieldinsurance– Weather derivatives
  8. 8. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 8• Single peril insurance and multi-peril insurance• New forms:– Farm revenue and farm yieldinsurance– Regional revenue and yieldinsurance– Weather derivatives
  9. 9. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 9• Hail more often• Increasing heavy storms• Heavy rain and flooding• Frost• Drought
  10. 10. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 10To face up to the challenge of climate change:1. Integrated approach2. Agree a policy3. Build up knowledge4. Monitor developments
  11. 11. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 11The companySwiss Hail is a private insurance company founded in 1880 bySwiss farmers.The company is legally organized as a mutual. That means thecompany belongs to its members, who are also the policyholders(ca. 35000). This legal form reinforces solidarity, because profitsand losses are shared by the members.Actually, the company at the time being is the sole provider forcrop insurance in the Swiss market.
  12. 12. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 12► We want to remain being organised as a mutual and remainindependent.► We will stay a special insurer with lean, cost-efficient companyorganisation (ISO 9001) and high financial strength. Surplusesare distributed to the Swiss members in the form ofreimbursements after successful accumulation of reserves andaccruals.► Apart from our Swiss market, we are active in neighbouringcountries. We achieve a risk balance, exploit synergies andensure that our foreign engagement is self-supporting.► Wir offer economical and comprehensive insurance protectionfor hail and natural hazards on crops (core business).Goals – Serving Agriculture
  13. 13. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 13► We are present on the spot with our agents and guarantee fastand competent loss adjustment with our experts.► We continuously observe new needs as a result of changes incrops and cultivation techniques, climate or the political andlegal framework conditions. In particular we follow thedevelopment of state support for multi-peril coverage in the EU.► We maintain and encourage contact with the authorities, themedia, associations and science.► We want to recruit and keep performance-oriented employeeswho identify with Schweizer Hagel.► We work socially, sustainably and climate-consciously in allareas.Goals – Serving Agriculture
  14. 14. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 14More information about the companyPersonnel (Switzerland) 28 employees301 agents370 experts – loss adjustersKey figures (2012) Sum insured Switzerland/FL 1’980 m. CHFInsured area Switzerland/FL > 260‘000 haPremiums Switzerland/FL 49 m. CHFCosts Switzerland/FL < 13.0%Total sum insured* 2’950 m. CHFTotal premiums 109 m. CHFReserves > 220 m. CHF* including foreign businessFINMA: Solvency I and II (Swiss Solvency Test) > 300%Reinsurance Reinsured since 1928 with quota share and stop loss coverState subsidies No more state subsidies since 1968
  15. 15. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 15Insurance participation1% - 25% versichert25% - 50% versichert50% - 75% versichert75% - 100% versichertLandwirtschaftliche Strukturen 2003 (Bundesamt für Statistik),Versicherungsflächen 2007 (Schweizer Hagel)Datenquelle:Average = 76%Insured percentage oftheagricultural surfaceinsuredinsuredinsuredinsured
  16. 16. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 16
  17. 17. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 17
  18. 18. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 18
  19. 19. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 19
  20. 20. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 20
  21. 21. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 21
  22. 22. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 22
  23. 23. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 23
  24. 24. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 24
  25. 25. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 25
  26. 26. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 26
  27. 27. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 27
  28. 28. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 28
  29. 29. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 29
  30. 30. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 30
  31. 31. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 31
  32. 32. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 32
  33. 33. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 33
  34. 34. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 34
  35. 35. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 35
  36. 36. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 36
  37. 37. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 37
  38. 38. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 38
  39. 39. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 39Insurance coverHailErosion LandslideDebrisDepositsFlooding EarthquakeFireLighteningStormSnowpressureRestoration costs – Clearing costsFrostTorrential rainAridityDroughtOutgrowthAdditional risks covered since 2008(limited tests with cereals, maize and rape)Schweizerischer Fonds für Hilfe bei nicht versicherbaren Elementarschäden (Elementarschädenfonds = Swiss foundation)+
  40. 40. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 40Illustration of damagesHail – maize Hail – sugar beetHail – apples Hail – grapes Hail – strawberries
  41. 41. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 41Landslide Landslide and debris depositsFlooding Flooding ErosionStorm maize Snow pressure rape
  42. 42. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 42Insurance forms, Indemnity, Loss adjustmentForms of insurance- Global coverage or crop specification list- Annual yield is insured (global value or as specified by thepolicy holder)Indemnity in case of damage- Lower compensation limit: between 10% and 20%- Upper compensation limit: 100%- Deductible: between 6% and 20%- Example total damage on field crops:Indemnity = 94% (100% - 6%)Loss adjustment- Loss adjustment guidelines (national and international trials,studies)- Initial training and continuous education of loss adjusters
  43. 43. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 43Premium calculation systemThree elements are taken into consideration forpremium calculation:1. Hail sensitivity of the cropThe crops are divided into 8 classes2. Hail risk of the communeCommune tariff for each crop group3. The farms number of damage free years(one tenth system, bonus/malus)For new policy holders 8/10Per 2 years with no damage 1/10 reductionPer year with damage 1/10 increaseMinimum 6/10Maximum 15/10
  44. 44. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 44How does the loss risk develop?
  45. 45. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 45Climate Change <-> Loss Ratio in SwitzerlandChanges in the 20th century In the 20th century the temperature increasedby an average of 0.6°C all over the world. Over the same period in Switzerland above-average warming of 1.3°C was reached. In western Switzerland the temperatures evenincreased by 1.7°C. Rainfall has decreased in Switzerland sincethe beginning of the 20th century by 8%, but:the frequency of extreme rainfall occurrences(e.g. flooding, torrential rain, extremehailstorms etc.) has increased.
  46. 46. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 46Loss ratio 1880-20090%100%200%1880 1885 1890 1895 1900 1905 1910 1915 1920 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005Loss ratios since 1880  Very high volatility …100% Loss ratio = paid damages (losses) are equal to the premium income
  47. 47. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 47Hail Risk
  48. 48. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 48Drought increaseincreaseunchangeddecrease
  49. 49. SchweizerischeHagel-Versicherungs-Gesellschaft,GenossenschaftSociétésuissed‘assurancecontrelagrêle,sociétécoopérativeSocietàsvizzerad‘assicurazionecontrolagrandine,societàcooperativae+i Face-to-Face Meeting, 14 May 2013, Hotel Freienhof, Thun 49Thank you for your interest and attention!

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