WASHINGTON – The American Property Casualty Insurance Association (APCIA) and The Geneva Association yesterday hosted a virtual policy event, entitled “Changing Climate: Mitigation and Insurers’ Role in the Energy Transition” to emphasize the active role insurers play through investment strategies and product development to support responsible transition pathways.
Industries across a variety of sectors are embracing artificial intelligence (AI) for improved services, efficiency and costs. In insurance, AI is reshaping business processes, from underwriting to claims management and customer engagement. AI also has the potential to enhance the value of insurance to society by enabling protection and mitigation services.
ZURICH, 5 June 2023 – This year, 2023, marks 50 years that The Geneva Association has existed as the insurance industry’s platform for research and dialogue.
Much has changed in the world – and in insurance – since the organisation was founded in 1973. Globalisation, climate change, demographic trends, technology and more have transformed the major risks people face. Yet, the core principle of insurance remains the same: to protect individuals and businesses against those risks and build societal resilience towards them.
Large-scale nature degradation and biodiversity loss are some of the most threatening risks facing the world, carrying grave consequences for societies and economies.
Amid growing stakeholder expectations for businesses to have more social impact, a new Geneva Association report, The Role of Insurance in Promoting Social Sustainability, highlights insurance’s abundant, inherent social benefit in providing financial stability and peace of mind to people and businesses.
The Geneva Association has become a supporting institution of the UN-convened Net-Zero Asset Owner Alliance (NZAOA), an alliance of institutional investors committed to transitioning their investment portfolios to net-zero carbon emissions by 2050.
MAPFRE and The Geneva Association organize a global conference in Madrid on the effects of increased life expectancy
“The accelerated aging of the population pyramid is undoubtedly a great challenge that our societies face in the coming decades, but it also represents a great opportunity in economic and social terms.”
ZURICH, 4 July 2022 – On 24 June 2022, the annual meeting of the Geneva Association Economic Forum (GAEF) took place in Paris, hosted by SCOR SE. The meeting convened more than 20 members of the GAEF Network, comprised of chief economists and chief strategy officers from the world’s leading insurers and reinsurers.
Key messages from the meeting: