Data is a big opportunity for insurers to build customer trust through empowerment and transparency.
This interview was conducted on the sidelines of the 2019 General Assembly in Buenos Aires.
Applying behavioral economics can help reduce the enormous barrier to people buying insurance – their cognitive biases – that causes the protection gap.
This interview accompanies the research report Underinsurance in Mature Economies: Reasons and remedies. It was conducted on the sidelines of the 46th Annual General Assembly in Buenos Aires.
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.
Responsibility for preparing for retire
Policymakers in emerging markets should harness private insurance as a means for an efficient transition to pre-funded healthcare schemes, says Kai-Uwe Schanz, Director Protection Gaps.
Current estimates don’t capture the costs of lack of access to medical services and the healthcare financial burden shifted from governments to households, says Kai-Uwe Schanz, Director Protection Gaps at The Geneva Association.
「保険会社と保険契約者たちが力を合わせれば、とても大きなインパクトを与えることができる。」－東京海上ホールディングス 取締役社長 グループCEO 永野毅。（第45回年次総会にて）
The insurance industry can contribute in two ways to reduce the infrastructure gap: first, as long-term investors that promote new projects, and as risk managers that provide expertise for de-risking the projects, says Tsuyoshi Nagano, President and CEO of Tokio Marine.