Insurers should understand needs of the digital generation and adapt products accordingly
Inmaculada Martinez, Venture Partner at Deep Science Ventures, discusses the digital transformation for insurance at the 45th General Assembly.
2018 Shin Research Excellence Award Recipients Announced
The Geneva Association and the International Insurance Society (IIS) have announced the 2018 recipient of their collaborative insurance research program, the Shin Research Excellence Awards.
Following a comprehensive review led by The Geneva Association and IIS, a research team of Alexander Bohnert and Albrecht Fritzsche of University of Erlangen-Nuremberg; and Shirley Gregor of Australian National University, will receive the award for their research 'Digital Agendas in the Insurance Industry: The Importance of Comprehensive Approaches'.
Cyber risk readiness by customer segment
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
Multi-stakeholder Remedies for Global Insurance Protection Gaps
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
Root Causes of 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 protection gaps in healthcare and cyber feature distinctive challenges
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.
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.
Cyber Insurance as a Risk Mitigation Strategy
Cyber insurance is the fastest growing line of business in the insurance industry. A combined assault of daily front-page news items about cyberattacks, increasing government regulation, and insurance industry awareness is raising the profile of cyber risk. As more regulations are adopted, the corporate sector is looking to insurance to offer solutions that can effectively deal with this emerging risk.
Insurance Protection Gaps in Cyber and Healthcare more acute than in Natural Catastrophes
The insurance protection gaps in healthcare and cyber risks are not sufficiently researched even though their respective protection shortfalls are more dramatic than for natural catastrophe risk, according to the study Understanding and addressing global insurance protection gaps released today by The Geneva Association.
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