Solving Global Challenges Requires Risk Expertise

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Insurers at ICMIF's Meeting of Reinsurance Officials conference said a wave of international efforts aimto address global risks, but it's up to the insurance community to remain key parts of those solutions.

 

Mutual Insurers Wrestle With Onslaught of Emerging Risks

Insurers and reinsurers said a range of new and expanding risks, including cyber liability, drones, autonomous vehicles and even new farm risks is challenging the underwriting ability of the mutual insurance sector.
 

Lloyd's Beale: Time for Insurers to Step Up the Research, Development

Inga Beale, CEO, Lloyd's, said the insurance industry invests less in researching risks and developing new products than industries such as manufacturing.

 

ICMIF's Tarbuck: Insurers Must Rise to the Bigger Risks Ahead

Shaun Tarbuck, CEO, International Cooperative and Mutual Insurance Federation, said insurers are poised to help lead initiatives aimed at reducing global risk but must have the confidence and courage to step forward.

 

PwC's Williams: Insurers Are Great Risk Learners, Poor Communicators

Scott Williams, director, PcW Global Crisis Center, said insurers are uniquely positioned to share information and educate businesses, societies and governments on issues of risk and sustainability, but appear to lack the drive and skills to do so.

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