The growth of secondary perils is driving the need for improved risk management, but also creating opportunities for insurers, said Nikhil da Victoria Lobo, head Western & Southern Europe, Swiss Re.
Better regulatory clarity and nat cat capacity restrictions are boosting the development of parametric insurance in Latin America, according to experts.
AI is transforming the insurance industry, affecting claims, fraud detection, underwriting, and more. Insurers must balance AI's potential with data accuracy, ethics, and human expertise.
Insurance industry ambitions to forge a global alliance to ensure it makes an effective contribution to the drive to achieve Net Zero carbon emissions have crumbled in the face of threats from US lawmakers.
