The scale and pace of digitalisation is fundamentally changing the risk profile of businesses, mainly linked to the shift towards intangible assets for value creation among digital firms. Many of these intangible assets remain uninsured, leaving digital entrepreneurs and start-ups vulnerable to emerging risks and liabilities. This presents both challenges and opportunities for the insurance industry.
Leading international experts on flood risk discuss The Geneva Association’s major series of studies, Building Flood Resilience in a Changing Climate, which offer a comprehensive look at flood risk management in the United States, Germany and England, factoring in the changing risk landscape.
Speakers:
Kai-Uwe Schanz, Head of Research & Foresight, and Mike Mansfield, Program Director Aegon Center for Longevity and Retirement, delved into recent research on why the demand for life insurance products is eroding, obstacles to retirement readiness and what insurers can do to address these challenges. The discussion was moderated by Adrita Bhattacharya-Craven, Director Health & Ageing.
Global spending on health has reached USD 8.3 trillion, or 10% of global GDP, according to the World Health Organization (2018). A large portion of this is attributable to the way we manage chronic and age-related illnesses: in expensive, curative settings and in an episodic manner. A greater convergence of all levels of health and social care is needed to improve the care experience and health outcomes and address cost inflation.
The COVID-19 pandemic introduced or accelerated many political, economic, societal and technological trends. As we enter the post-pandemic world, it is important to take stock: which changes will permanently alter the risk landscape and operating environment for insurers?
As governments and insurers search for the right partnership approaches to insuring pandemic business interruption risk, The Geneva Association was pleased to host a Risk Conversations webinar to support ongoing discussions and present the findings of our report, Public-Private Solutions to Pandemic Risk: Opportunities, challenges and trade-offs.