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.
Health systems are not fit for purpose and the interaction between insurers and public sector should be part of the solution, says Francesca Colombo, Head of the Health Division at OECD. Recorded at the 45th General Assembly.
Thomas Sterner, Professor of Environmental Economics at the University of Gothenburg, discusses the efficacy of public policy instruments in the fight against climate change. Recorded at the 45th General Assembly.
Mathilda Ström, Deputy CEO of BIMA, discusses how technology can positively impact society and improve the societal role of insurance. Recorded at the 45th General Assembly.
Inmaculada Martinez, Venture Partner at Deep Science Ventures, discusses the digital transformation for insurance at the 45th General Assembly.
A robust cyber insurance market requires insurers to provide not only cyber risk transfer, but also cyberattack prevention and mitigation services. However, a pre-condition is to raise the level of awareness and readiness of businesses—particularly small and medium-sized enterprises (SMEs), which are usually unaware of vulnerabilities and risk exposures.
This infographic accompanies the report: Cyber Insurance as a Risk Mitigation Strategy
A multi-stakeholder effort is required to narrow insurance protection gaps. The optimal mix depends on the maturity of markets and the specific nature of protection gaps. Certain tasks should be taken on by the private sector, others by governments, and some others call for public-private partnerships (PPPs).
This infographic accompanies the report: Understanding and Addressing Global Insurance Protection Gaps
There are multiple reasons why individuals, households and firms buy less insurance than is economically beneficial, related to both demand- and supply-side factors. Root causes also vary across stages of economic development.
This infographic accompanies the report: Understanding and Addressing Global Insurance Protection Gaps
Insurance can help address concerns about the sustainability of publicly-funded healthcare systems, as well as the unpredictability of cyber risk, says Kai-Uwe Schanz, Special Advisor at The Geneva Association.
Watch the previous interview, Root causes of insurance protection gaps lie with both demand- and supply-side factors.
On the demand side, factors include affordability and trust; and on the supply side, transaction costs and limits to insurability hold back insurance supply, say Kai-Uwe Schanz, Special Advisor at The Geneva Association.
Watch the second interview, Insurance protection gaps in healthcare and cyber feature distinctive challenges.