The Geneva Association has produced this primer as an overview of the role of insurance in society with a view to the current state of international discussions on trade growth and development.
Christian Mumenthaler, Group CEO of Swiss Re, discusses his expectations of technological disruption on the insurance industry. Recorded at the 44th General Assembly of The Geneva Association.
Watch all video interviews recorded at the 44th General Assembly on our YouTube channel.
Arvind Parthasarathi, Founder and CEO of Cyence, considers the unique challenges of modelling cyber risk, including lack of data and accumulation risk. Recorded at the 44th General Assembly of The Geneva Association.
Watch all video interviews recorded at the 44th General Assembly on our YouTube channel.
Lard Friese, Chairman of the Executive Board and CEO at NN Group, discusses technological disruption and how it can help the insurance industry become truly customer-centric. Recorded at the 44th General Assembly of The Geneva Association.
Watch all video interviews recorded at the 44th General Assembly on our YouTube channel.
Inga Beale, CEO of Lloyd’s, discusses why the cyber insurance market is still immature and what challenges the industry faces to develop it. Recorded at the 44th General Assembly of The Geneva Association.
Watch all video interviews recorded at the 44th General Assembly on our YouTube channel.
Hal Gregersen, Executive Director of the MIT Leadership Center, discusses what makes an innovative and dynamic leader, and how insurers can innovate to transform the industry. Recorded at the 44th General Assembly of The Geneva Association.
Watch all video interviews recorded at the 44th General Assembly on our YouTube channel.
Dr J. Craig Venter, Co-Founder, Executive Chairman and Head of Scientific Strategy at Human Longevity Inc., discusses the potential of genomic information for the insurance industry. Recorded at the 44th General Assembly of The Geneva Association.
Watch all video interviews recorded at the 44th General Assembly on our YouTube channel.
The world stands on the threshold of a stunning demographic transformation. For most of history until well into the 19th century, the elderly - defined here as adults aged 60 and over - comprised only a tiny fraction of the population, never more than 4 or 5 per cent in any country. In the developed world today, they comprise roughly 20 per cent of the population. Three decades from now in 2040, the share is on track to reach 30 per cent - and that is just the average. In Japan and the fastest-aging European countries, it will be approaching or passing 40 per cent.
The ageing of the baby -boom generations and the continuous increas e in life expectancy are two combined phenomena which lead to an increase in both the number and the proportion of elderly people. According to projections for France, one person out of three will be aged 60 years and over in 2050 , and the group of 75 years and older would increase from 4. 9 millions to 10.9 millions (i.e. +120 per cent) , and the group of the oldest -old , the 85 years and more, would grow from 1. 1 to 4.2 millions (i.e. +280 per cent) .