All protection gap articles
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NewsWhat can risk managers do better in 2023?
In the post-pandemic world, risk managers must reevaluate what constitutes an ‘acceptable’ risk
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Rethinking food and drink supply chains
With growing vulnerability to extreme weather and geopolitical threats, the industry needs new risk transfer solutions
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Three ways of increasing cyber insurability - sigma
There is currently a protection gap of around 90% due to the uncertain nature of systemic risk
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COP27: ‘Tangible progress’ needed to close climate finance gap
The recent floods in Pakistan caused $30 billion in economic losses - more than 10% of the country’s GDP
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Time to tackle cyber accumulations, urges Actuaries Institute
Inaction not an option, says Green Paper in the aftermath of Australia’s massive Optus data breach
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Claims inflation will extend hard market - sigma
Global insurance premiums are set to surpass $7 trillion, with China now the world’s second largest market
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Has 2022 knocked global resilience off course?
Protection gap for health, mortality and natural catastrophe risks combined reached $1.42 trillion in 2021, finds sigma
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Earth observation data: A new frontier
The application, accuracy and quantity of satellite data continues to explode with opportunities for risk transfer and mitigation
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Opportunity to build societal resilience post pandemic
Pandemic is a call to action for insurers to help close the protection gap in life and health across APAC markets, finds Swiss Re
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Multiple risks surround cost-of-living crisis - sigma
Decades of rising inequality in advanced markets has taken a $252 billion toll on insurance protection
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Targeting Asia’s protection gap
How innovation can build natural catastrophe resilience across the region
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UNDP partners with Generali to tackle protection gap
The partnership will support developing countries’ access insurance and risk finance solutions
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Asian catastrophe losses hit $72 billion in 2021
Insurance covered just nine percent of losses as physical damage costs continue to rise - Aon
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Global catastrophes cost $343 billion in 2021 - Aon
China was among the countries recording the costliest insurance industry events on record
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Can parametrics close the gap?
Parametric products have role to play in closing protection gaps and catering to emerging risks like NDBI and cyber
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Aon and ICEYE launch Japan climate risks solution
Japan experiences an average of three typhoon landfalls and several flood events annually
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Luxury brands face liability protection gap
D&O, environmental and business travel risks are underinsured - Willis Towers Watson survey
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FERMA Talks: Channelling strategic foresight
Horizon scanning is an essential tool for policymakers, explained European Commission vice president Maroš Šefčovič
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Climate crisis to fuel rapid insurance growth - sigma
Climate-related risks are expected to result in a 22% increase in global property premiums, or up to $183 billion, over the next 20 years
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Just 4.5% of Asia cat losses insured in 2020
Economic losses due to natural catastrophes in the region reached $67 billion last year, indicating a huge gap and growth opportunity for re/insurers
