Swiss Re to exit iptiQ: strategic shift sparked by weak demand, lower tech threat

Swiss Re plans to withdraw from its iptiQ business following a “strategic review” of the digital white-label insurance platform, driven by weaker demand and a lower tech threat than initially anticipated. The decision comes as the reinsurance giant reports a significant profit increase from core business, nearly doubling to $1.1 billion. Swiss Re may seek buyers for some parts of iptiQ, while earlier-stage entities might be run off.