Insurance protection gaps in mature markets could be narrowed by reinforcing trust in insurers, reveals a survey commissioned by The Geneva Association. The research report Underinsurance in Mature Economies: Reasons and remedies distils a number of takeaways from the survey's results and proposes a framework of five factors that influence underinsurance: institutions, sociodemographics, economics, behavior and culture. 

The Geneva Association adds the CEOs of Aviva, Ping An and Prudential, as well as the Chairman of The People's Insurance Company of China, to its Board of Directors.

The Geneva Association and the International Insurance Society announced today that Alexander Braun, Sebastian Utz and Jiahua Xu, hailing from the University of St. Gallen in Switzerland, have won the Shin Research Excellence Award for their paper Are Insurance Balance Sheets Carbon-Neutral? Harnessing Asset Pricing for Climate-Change Policy.

Public-private partnerships are necessary to fund the USD 6.3 trillion required annually until 2030 to close the global infrastructure gap, says Mami Mizutori, Special Representative of the UN Secretary-General for Disaster Risk Reduction.

Investors and government should look at the full life cycle of infrastructure projects. Low-carbon infrastructure is not more expensive to build and maintain, says Joachim Levy, Managing Director and CFO of the World Bank Group.

The biggest hurdle the industry faces for measuring climate risk is agreeing on the underlying scientific assumptions, says Ernst Rauch, Global Head Climate & Public Sector Business Development at Munich Re.