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 …
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 …
Soeren Soltysiak has been named Chief Executive Officer (CEO) of Asia Reinsurance Solutions, effective April 1, 2025. Based in Singapore, he will report to George Attard, APAC CEO of Reinsurance Solutions at Aon. In his new role, Soltysiak will oversee Aon’s reinsurance strategy across treaty, facultative, analytics, and operations. Prior to this, he served as …
The Risk: Burn and Fire Hazards Due to the possibility of overheating, 1.4 million Schneider Electric electrical panels are the subject of a significant safety recall. When these panels overheat, they can cause serious risks, including thermal burns, electrical fires, and serious property damage. These panels are essential for distributing energy throughout a facility. Affected …
Important Takeaways: For improved traction, use winter tires. Before you drive, make sure your car is free of ice and snow. Drive carefully by lowering your speed, keeping your distance, and avoiding abrupt moves. Keep winter necessities with you, such as an emergency kit, flashlight, blanket, and scraper. Although winter roads might be hazardous, you …
Is Umbrella Insurance Necessary? Because life is unpredictable, not everything is always covered by traditional insurance policies. This is the role of umbrella insurance, which offers additional liability protection over and above your renters, homeowners, or vehicle insurance. How It Operates Umbrella insurance covers the difference if a lawsuit or accident exceeds the limits of …
1.Examine the outside and hull. Start by looking for any wear that may have formed over the winter, such as blisters or cracks, on the hull of your boat. Repair any damage right away to stop it from getting worse. Not only does cleaning and waxing the hull improve its appearance, but it …