| The Geneva Association

Here’s what we learnt about risk at the World Economic Forum 2023

The word of the week at the World Economic Forum in Davos was polycrisis. Speakers explored the interconnected nature of risk, from inflation to ageing populations, and the role insurers play in building resilience.

Here’s what we heard from António Guterres, United Nations Secretary General; Gita Gopinath, First Deputy Managing Director, International Monetary Fund; Roy Gori, CEO & President, Manulife & Lard Friese, CEO & Chairman of the Executive Board, Aegon.

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The Geneva Papers: Special issue on Health Risks and Insurance | Summary

Issue summary

Low population health is associated with reduced economic prosperity, and medical expenses can plunge people into poverty, especially if unexpected. Insurance is a key tool used to manage health risks, facilitating access to and usage of healthcare services and protecting against financial shocks should a health issue arise.

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Inflation report | Key messages video

The effects of inflation, from price instability to the erosion of purchasing power and savings, are top of mind for households and businesses and affect perceptions of and expectations from insurance.

This 60-second video sums up our report by Kai-Uwe Schanz and Pieralberto Treccani on how insurers can respond to the challenge of inflation and continue to provide value to their customers.

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The Return of Inflation: What it means for insurance

Read more about The Return of Inflation: What it means for insurance

How insurers can use new approaches to tackle climate change risk

Read more about How insurers can use new approaches to tackle climate change risk

The impact of climate change is becoming increasingly evident. In the last year alone, we have witnessed devastating floods in Pakistan, wildfires in Australia, Europe and North America, and droughts across the world.

COP27: Key messages and implications for insurers

Read more about COP27: Key messages and implications for insurers

By Maryam Golnaraghi

Director Climate Change and Environment

Nature report | Key messages video

Human activity is degrading biodiversity and nature at an alarming rate. Re/insurers have a unique opportunity to reduce exposure to nature-related risks and promote more sustainable, nature-positive economies. Find out more in our latest report Nature and the Insurance Industry: Taking action towards a nature-positive economy.

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Insurers are innovating to address nature loss, details Geneva Association report

Large-scale nature degradation and biodiversity loss are some of the most threatening risks facing the world, carrying grave consequences for societies and economies.

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Nature and the Insurance Industry: Taking action towards a nature-positive economy

Read more about Nature and the Insurance Industry: Taking action towards a nature-positive economy

This report provides the latest scientific evidence on the impacts of human activity on nature and their socio-economic implications, laying out the challenges and opportunities facing re/insurers and how they, as risk managers and investors, can support the development of a nature-positive economy and incentivise sustainable business models.

How do insurance CEOs view the industry's role in the climate transition?

'Climate solutions' are top of mind for Geneva Association members – the CEOs of the biggest insurance companies in the world. Get a unique glimpse at what they say, off- and on-the-record, in this short video featuring Joachim Wenning, Munich Re; Christian Mumenthaler, Swiss Re; Amanda Blanc, Aviva; Tsuyoshi Nagano, Tokio Marine; and Charles Brindamour, Intact Financial Corporation.