Transformative Forces in Insurance – The road ahead for insurers and regulators
The COVID-19 pandemic has given rise to or amplified a number of forces that are driving transformation within the insurance industry. Perceptions of risk have changed. Concerns over climate change and the need to transition to a net-zero economy have intensified, throwing up both risks and opportunities for insurers. The shift towards digitalisation and artificial intelligence (AI) are transforming traditional insurance business models and presenting regulatory challenges. Finally, concerns about the persistent low interest-rate environment are compounded by sudden high inflation – raising questions about the pace and increments with which interest rates should rise.
This year’s PROGRES Seminar will convene insurers, policymakers, regulators and supervisors to shed light on the implications of these four key issues for the regulatory community, insurers and their customers.
We are especially honoured to welcome Christian Mumenthaler, CEO of Swiss Re and Chairman of The Geneva Association; Denis Kessler, Chairman of SCOR; and Vicky Saporta, Chair of the IAIS, as speakers at this event.