Ignoring emerging risks is not an option
Thursday, 06 15 2017, Category: Insurance and Reinsurance, Country: World
Swiss Re’s Group Chief Risk Officer (CRO), Patrick Raaflaub, warned re/insurers to take a proactive stance to prepare for emerging risks, after the reinsurance giant released its 2017 SONAR report with insights on top risks set to threaten society and shape demands on the re/insurance world in coming years.
Raaflaub said; “Ignoring emerging risks is not an option, neither for political decision-makers, the insurance industry, nor society as a whole.”
As an industry that protects against uncertainty, re/insurers competitive advantage depends on timely foresight and innovative adaptation of cover and policy offers to match future market demands – this, in turn, helps preempt future societal threats and build a safer, more stable world.