Insurance Industry Perspectives on Regulatory Approaches to Climate Risk Assessment

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Insurance regulators and standard-setting bodies are increasingly focused on devising methodologies for climate risk assessment and scenario analysis to support the insurance industry in dealing with the potential impacts of climate change. This issue brief produced by the Geneva Association Task Force on Climate Change Risk Assessment for the Insurance Industry, offers a review of the activities of 12 international, regional, national and sub-national financial services regulatory bodies and their associated strengths and challenges. 

The Geneva Papers: Special issue on Microinsurance | Summary

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Special issue summary

By providing underserved, low-income populations with protection against risks to their livelihoods and health, microinsurance helps poorer segments of society increase their resilience to adverse events. Despite significant development in many emerging markets in recent years, however, large protection gaps remain, many of which have been and will continue to be exacerbated by COVID-19.

Press release: From ‘Big Government’ to remote working, pandemic shifts bring fundamental changes for insurance, says The Geneva Association

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  • In its new report, The Geneva Association offers a comprehensive projection of the risk landscape in the post-pandemic world, or ‘New Normal’, expounding the four most consequential shifts for insurers: accelerated digitalisation, ‘Big Government’, pivot to resilience and sustainability, and more remote working.
  • The study draws on 25 interviews with experts and industry executives and on a 2021 customer survey of

The Global Risk Landscape after COVID-19: What role for insurance?

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COVID-19 initiated or accelerated major changes in 2020 and 2021 – social, economic, political and technological. As societies begin to emerge from the pandemic, it is important for insurers to understand which trends will stick and how their businesses will be impacted. Our report sheds new light.

The study draws on 25 interviews with experts and industry executives and on a global customer survey of 8,000 insurance customers – both retail and commercial – across eight countries (Brazil, China, France, Germany, Italy, Japan, the U.K., and the U.S.).

Press release: IoT data is the risk prevention tool of the future in insurance

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From Risk Transfer to Risk Prevention: How IoT is reshaping business models in insurance

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Data from Internet of Things (IoT) devices are providing insurers with new approaches to insuring existing risks, as well as the opportunity to extend coverage to new risks. This report examines the shift towards IoT-enabled risk prevention and mitigation services in the insurance industry. Using a series of case studies to highlight the key components of successful services, the report aims to support the industry in its transformation and in promoting a healthier and safer society.
Risk prevention is inherent to insurance.

How Much ‘Skin in the Game’? Public-private solutions to pandemic risk | Recording

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As governments and insurers search for the right partnership approaches to insuring pandemic business interruption risk, The Geneva Association was pleased to host a Risk Conversations webinar to support ongoing discussions and present the findings of our report, Public-Private Solutions to Pandemic Risk: Opportunities, challenges and trade-offs.

Cyber Terror and Cyber War: Towards consensus on language and attribution | Recording

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This webinar focused on two recent reports by The Geneva Association and the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) Cyber Terrorism and Cyber Warfare Task Force. Members of the task force and cyber experts presented the key takeaways of the reports and addressed pressing cyber concerns for insurers:

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