Swiss Re plans to exit iptiQ digital-insurance business after a strategic review.
Swiss Re plans to exit iptiQ digital-insurance business after a strategic review, citing it not being the best owner going forward. Despite Q1 net profit of $1.09B on $11.68B insurance revenue, the company remains focused on its 2024 targets, including a $3.6B net profit. The exit follows Swiss Re's first report under IFRS accounting standards, which didn't provide comparable figures from 2023.
May 16, 2024
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