In 2021 The Geneva Association welcomed a new Chairman, Christian Mumenthaler (CEO of Swiss Re) and Vice Chairman, Yuan Siong Lee (Group Chief Executive & President of AIA). Our programming enjoyed a partial 'return to normal' with two in-person events: our General Assembly in Zurich and Evolving Liability Conference in London.
Other highlights included:
Congratulations to all the 2022 nominees for the Geneva Association Women in Insurance Award! These outstanding female leaders – nominated for achievements in climate change & environment, health, innovation, inclusive insurance or diversity, equity & inclusion – are a great demonstration of insurance’s progress toward gender balance at the senior management level.
The 2022 award winner will be announced on 12 May!
The annual award celebrates women insurance leaders whose work positively impacts society and contributes to making insurance a force for good
ZURICH, 12 MAY 2022 – The Geneva Association is pleased to announce the winner of the 2022 Geneva Association Women in Insurance Award: Anne Fortin, Executive Vice President, Direct Distribution and Chief Marketing and Communications Officer, Intact Financial Corporation (IFC).
Accompanies the full report Gig Economy Work: Mind the protection gaps.
Like so many of you, I am horrified by Russia’s brutal attack on Ukraine, a sovereign country – the first such attack on European soil since World War II. And I am gutted by the senseless tragedy unfolding there and loss of innocent lives. I express my deepest sympathy to the Ukrainian people: those who have lost loved ones, those who are injured, those who are fighting so bravely to defend their country, those who are fleeing or hiding to escape Russian bombs.
Government-supported social retirement plans (Pillar I) are under extreme financial pressure due increased life expectancies and low fertility rates. Individuals are compelled to provide for themselves a suitable retirement through occupational pensions (Pillar II) and personal savings (Pillar III). The insurance industry can help as it is the only industry that accepts longevity risk as a core business, and is a long-term provider of lifetime annuities—an insurance that a person will not outlive their retirement savings.
Technology and new data sources are changing our economy and society fundamentally, and promise to transform the insurance industry as well. Digitalization is changing the role of insurance, from pure risk protection towards predicting and preventing risks. The risks insurers cover and the ways they underwrite, distribute, and manage claims are also changing. In an increasingly digitalized world some risks will become less frequent, while others, like cyber, will gain in importance, and again others may cease to exist.