Insurance customers’ expectations are greatly impacted by technology
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.
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.
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.
Fiscal incentives & employer saving schemes necessary to overcome undersaving – Aegon CEO
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.
Undersaving is exacerbated by societal factors – Aegon CEO
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.
Communities of the sharing economy self-regulate their collective risk - Vikas Chhariya
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.
