Findings from a global customer survey published in a new Geneva Association report, The Value of Insurance in a Changing Risk Landscape, show that customers across the world’s six largest insurance markets are concerned about future insurability.
Tag: Geneva Association
Geneva Association Report Lays Out Key Considerations to Ensure AI Regulation in Insurance Protects Customers Without Compromising Innovation
Industries across a variety of sectors are embracing artificial intelligence (AI) for improved services, efficiency and costs. In insurance, AI is reshaping business processes, from underwriting to claims management and customer engagement.
Insurers Have A Key Role to Play in the Transition to Net Zero: Geneva Association
The Geneva Association and the Organisation for Economic Cooperation and Development (OECD) co-hosted a high-level conference on 12 October 2021, Future-Proofing Technological Innovations for a Resilient Net-Zero Economy, with the aim of providing input for the discussions that will take place at COP26 in Glasgow in November. The strategic, multi-stakeholder conversation brought together CEOs and… Continue reading Insurers Have A Key Role to Play in the Transition to Net Zero: Geneva Association
Insurers Can Absorb Customer Health and Life Claims, But Not Business Losses from Lockdown Measures
Life and health risks for pandemics similar to COVID-19 are insurable: they are generally non-systemic and modellable. However, Property & casualty (P&C) insurers, would have to collect business interruption policy premiums for 150 years to make up for projected global output losses in 2020 related to COVID-19, according to a Geneva Association report. Insurers have… Continue reading Insurers Can Absorb Customer Health and Life Claims, But Not Business Losses from Lockdown Measures