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.
Goverments, employers and insurers play a role in overcoming undersaving, says Alexander R. Wynaendts, CEO and Chairman of Aegon.
For more related videos, visit The Geneva Association YouTube channel.
Communities have not saved enough for their future and this needs to be addressed collectively and brought to the public’s attention, says Alexander R. Wynaendts, CEO and Chairman of Aegon.
For more related videos, visit The Geneva Association YouTube channel.
Vikas Chhariya, Global Head of Digital Partnerships at AXA Group, discusses the social impact of the sharing economy, and how this is affecting the insurance paradigm. Recorded at the 13th Annual Liability Regimes Conference.
Maryam Golnaraghi, Director of Extreme Events and Climate Risk at The Geneva Association, discusses the hurdles the insurance industry faces in scaling up green investments and expanding risk transfer solutions.
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Maryam Golnaraghi, Director of Extreme Events and Climate Risk at The Geneva Association, discusses how climate change has transformed from an environmental/scientific concern to a top priority in the board room for the insurance industry.
Barry Stowe, CEO of Jackson National, discusses how the life insurance industry is adapting to increasing longevity, and the benefits of increased transparency for both insurers and policyholders. Recorded at the 14th Global Ageing Conference in Zurich.
Watch all video interviews recorded at the 14th Global Ageing Conference on our YouTube channel.
