The main issue of current health systems is the lack of alignment amongst many stakeholders, although insurers are aligned closest to customers’ interests because they pay their bills, says Thomas Buberl, CEO of AXA. Recorded at the 45th General Assembly.
The risk of people outliving their retirement savings represents a threat to their standard of living, meaning many could lapse into poverty; however, the annuitisation of occupational pension assets represents an insurance solution to this societal issue, according to a new study released today by The Geneva Association.
Read the report: Annuitisation: Retirement Income That Lasts a Lifetime
While inadequate regulation is not the major factor, it does impact the return of investment for insurance firms, says Joachim Levy, CFO of the World Bank Group. Recorded at the 45th General Assembly.
The insurance industry has a key role to play in developing digital platforms that can revolutionise the allocation of health resources and patient experience, says Jonathan Larsen, Chief Innovation Officer, Ping An Group and CEO, Global Voyager Fund. Recorded at the 45th General Assembly.
Cooperation between insurance companies and policyholders can have a very strong aggregate impact, says Tsuyoshi Nagano, President and Group CEO of Tokio Marine. Recorded at the 45th General Assembly.
It is necessary to increase penetration of life insurance in the region, as well as promote insurance solutions for long-term savings and investments, says Alejandro Simón, CEO of Grupo Sancor Seguros. Recorded at the 45th General Assembly.
It remains to be seen whether improved predictability of loss expectations matches with principles such as risk pooling and law of large numbers, says Joachim Wenning, Chairman of Munich Re. Recorded at the 45th General Assembly.
As large holders of capital and institutional investors, insurance companies should react much faster to climate change as well as geopolitical, socioeconomic and technology trends, says Oliver Bäte, Chairman of Allianz. Recorded at the 45th General Assembly.
The 2017/18 Annual Report of The Geneva Association, covering the period 1 April 2017 to 31 March 2018.