Supporting businesses that fall short of their climate pledges exposes underwriters to greater risks of fines, stranded assets, and damage to their reputation. Clients who embrace the green transformation, however, stand to benefit both financially and environmentally. Another record-breaking year for damages from climate-related calamities has already been reached in 2024. That is a wake-up …
Month: April 2025
However, many insurers are failing in spite of a growing trend toward digital innovation and customisation. 74% of consumers have canceled purchases because they felt overburdened, per Accenture’s Empowered Consumer 2024 research. Even worse, only 39% of consumers think businesses actually look out for their interests. Why, then, is there a disconnect? What can insurers …
1.The Industry’s Power Center Is the Aging Generation With the median age reaching 32 this year, the world is rapidly aging. Gen X (turning 60) is heading toward retirement largely unprepared, creating urgent demand for smarter retirement and longevity solutions. Insurers must go beyond typical offerings and establish comprehensive plans that integrate health, financial, and …
Swiss Re predicts that the global life insurance market would expand at a robust 3% a year, more than doubling the rate of the previous ten years. It takes audacious reinvention, more calculated risk-taking, and, to be honest, keeping up with a world that does not slow down to achieve that kind of development. These …
Having coverage is crucial, even if you are currently healthy. Without insurance, medical emergencies can occur at any time, and the expenses can mount quickly. How Does It Operate? You get into a contract with an insurance provider when you enroll in a health insurance plan. This could be an employer-sponsored plan, a government plan …