THE INSURANCE GAP: UNTAPPING BUSINESS OPPORTUNITIES
Just one third of the risks on the planet are insured. That is what is known as the insurance gap. The insurance industry therefore has the chance to help different population groups cover new risks associated with today’s major social challenges, such as the impact of the pandemic on business and national debt, climate change, young people’s online habits, and the rapid aging of the population.
Two major allies are available to help reduce this insurance gap. First, technological disruption arising from digital innovation and data management generates new strategic opportunities for managing these new risks.
Second, insurers can respond to these unmet needs as a way to leverage growth through innovation and diversification of its traditional business and provide information on prevention.
Regulators, academics, consultants and senior managers in the insurance industry will have a chance to join the conversation on these and other topics and present their opinions and points of view on a scenario that is as uncertain as it is full of opportunities at the 11 Insurance Industry Meeting organized by IESE CIF in collaboration with EY.
