Regulators need to be held accountable to society, just as businesses are
While the biggest threat to businesses is geopolitics and trade, the insurance industry can help promote regulation that is appropriate, proportional and competitive, says Mark Wilson, Chairman of The Geneva Association and CEO of Aviva. Recorded at the 45th General Assembly.
Insurance firms are set to be at the centre of future health ecosystems
The main issue of current health systems is the lack of alignment amongst many stakeholders, although insurers are aligned closest to customers’ interests because they pay their bills, says Thomas Buberl, CEO of AXA. Recorded at the 45th General Assembly.
Annuitisation as an insurance solution to people outliving their retirement savings
The risk of people outliving their retirement savings represents a threat to their standard of living, meaning many could lapse into poverty; however, the annuitisation of occupational pension assets represents an insurance solution to this societal issue, according to a new study released today by The Geneva Association.
Read the report: Annuitisation: Retirement Income That Lasts a Lifetime
Annuitisation: Retirement income that lasts a lifetime
An insurance solution to people outliving their retirement savings
Government-supported social retirement plans (Pillar I) are under extreme financial pressure due increased life expectancies and low fertility rates. Individuals are compelled to provide for themselves a suitable retirement through occupational pensions (Pillar II) and personal savings (Pillar III).
Digital platforms can be the backbone of a future health system
The insurance industry has a key role to play in developing digital platforms that can revolutionise the allocation of health resources and patient experience, says Jonathan Larsen, Chief Innovation Officer, Ping An Group and CEO, Global Voyager Fund. Recorded at the 45th General Assembly.
Insurers can promote actions from their stakeholders to fight climate change
Cooperation between insurance companies and policyholders can have a very strong aggregate impact, says Tsuyoshi Nagano, President and Group CEO of Tokio Marine. Recorded at the 45th General Assembly.
Main challenge for Latin American insurance markets is to develop risk awareness
It is necessary to increase penetration of life insurance in the region, as well as promote insurance solutions for long-term savings and investments, says Alejandro Simón, CEO of Grupo Sancor Seguros. Recorded at the 45th General Assembly.
Insurance enables the progress of digital transformation of society
It remains to be seen whether improved predictability of loss expectations matches with principles such as risk pooling and law of large numbers, says Joachim Wenning, Chairman of Munich Re. Recorded at the 45th General Assembly.
Insurance industry should change business models to prepare for carbon-free economy
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.
