Risk Appetite for Nature-Related Risks

Summary

Nature-related risks are rapidly reshaping financial markets, regulation, and investment strategies. This Swiss Risk Association event brings together leading experts to explore how these risks can be quantified, transferred, and managed effectively.

Participants will gain insights into:

• Innovative risk transfer solutions: How PERILS indices can serve as a foundation for securitization and insurance-linked instruments.
• Portfolio resilience: The role of catastrophe bonds and diversification in managing exposure to natural hazards.
• Financial market implications: How catastrophe risk is priced, traded, and integrated into global capital markets.
• Regulatory and fiduciary challenges: Navigating FINMA requirements on nature-related financial risks while balancing return expectations and capital constraints.

Join us to understand how nature-related risks are evolving from emerging concerns into core components of financial decision-making—and what this means for risk, investment, and compliance professionals.

Presenters

• Christoph Oehy, CEO at Perils AG
  Christoph Oehy is a senior executive with more than 20 years of international experience in the property & casualty (re)insurance sector, including leadership roles at Swiss Re in underwriting and catastrophe portfolio management. As CEO of PERILS AG, he drives the development of industry loss indices that underpin insurance-linked securities and securitization solutions. He holds a Master’s degree and PhD in Civil Engineering from École Polytechnique Fédérale de Lausanne (EPFL) and an Executive MBA from the IMD Business School in Lausanne, combining deep technical expertise with strategic leadership in risk transfer innovation.
• Raffaele dell’Amore, Partner, Icosa Investments AG
  Raffaele Dell’Amore is an experienced investment professional specializing in alternative investments, insurance-linked securities (ILS), and portfolio construction. His expertise lies in building resilient portfolios through catastrophe bonds and broader ILS strategies. Throughout his career, he has held senior roles across the reinsurance, consulting, and asset management industries, including positions at SCOR, Deloitte, Schroders, Cambridge Associates, and, most recently, Icosa Investments AG, where he is a Partner. Icosa is a majority employee-owned investment firm specializing in catastrophe bonds, insurance-linked securities, and alternative fixed income strategies. Raffaele studied Physics at ETH Zurich and earned a PhD in Solid-State Physics from the University of Zurich. His scientific background provides a strong quantitative foundation for analyzing complex natural catastrophe risks and applying rigorous, data-driven approaches to investment portfolio construction.
• Olga Cioccarelli, Head of the Operational Risk Management Helvetia Asset Management
  Olga Cioccarelli is a seasoned risk professional with extensive experience in operational and enterprise risk management within financial services. At Helvetia Asset Management, she leads the implementation of risk frameworks, including FINMA requirements on nature-related financial risks, and ensures alignment between regulatory expectations and fiduciary duties. She holds a Master of Business Administration (MBA) in Financial Management from the Macquarie Graduate School of Management (Macquarie University) and a Master of Management from Macquarie University, underpinning her expertise in governance, compliance, and financial risk management.

The event will be introduced by Yordan Milanov, Chapter Chair and Risk and Project Manager at Julius Bär and moderated by Dominic Rau, Chapter Advisor and CRO Financial & Corporate Risks at SCOR.

Agenda

17:45  Arrival & Name Tag Collection
18:00  Welcome and Introduction
18:05  Presentations
19:00  Panel with all the speakers and Q&A (All)
19:25  Conclusion
19:30  Networking Drinks
20:30  End

Chapter Event