European flooding. West Coast wildfires. The Texas Winter storm. An epidemic of ransomware. And, of course, COVID-19. It’s been quite a year for catastrophic events which have challenged the world and the insurance industry. Payouts for risks tied to climate change, cyber war, and the pandemic have all been significant. What’s more the economic losses associated with emerging risks which are not covered by conventional insurance – the Protection Gap – continues to widen threatening the relevance of insurance in rapidly changing times. Social and economic resilience – the ability of individuals and businesses to withstand and recover from unexpected climate, cyber and public health disasters – is the critical challenge. And insurers have a tremendous opportunity to move beyond their traditional risk transfer function to become partners in resilience, helping their customers prepare for, mitigate, and recover when the unexpected. In this session, we will explore how Insurtech can lead the way, leveraging the power of data, analytics, and IOT to make the transition from payer to partner, changing the very value proposition of insurance and doing well by doing good.
Seth Rachlin, EVP & Global Insurance Industry Leader, Capgemini
Nick Lamparelli, Chief Innovation Officer & Co-Founder, reThought Insurance
Bill Powers, CEO & Founder, Cambridge Mobile Telematics
Patrick Thielen, SVP, Financial Lines, Cyber, Chubb
Original Air Date Tuesday, October 5th, 11:10am