Close the insurance gap to stop fighting over a shrinking pie
Tuesday, 09 20 2016, Category: Insurance and Reinsurance, Country: World
Closing the insurance gap – the difference in many sectors and parts of the world between economic and insured losses – would allow re/insurers to innovate and stop fighting over the same shrinking pie.
This is the opinion of Dennis Sugrue, senior director of insurance ratings at S&P Global ratings, speaking to Intelligent Insurer at the Monte Carlo Rendez-Vous 2016.
“The re/insurance industry has, to some degree, a social obligation to help,” he said. “Re/insurers should be exploring innovation and stop fighting over the same shrinking pie.”
Source: Intelligent Insurer