As 2024 comes to a close, we’re excited to gather together for our end-of-year insurance news analysis.
Another high temperature record set in 2024. We expect insured losses from climate change-related catastrophic events to exceed $100 billion for the fifth consecutive year. We discuss how insurers are adapting to fundamental changes in underlying risk and loss patterns, and how it affects the products and services they bring to market. We also discuss the critical role that public-private partnerships play in addressing insurability.
Likewise, healthcare risks have changed, requiring new models and collaboration across industry and the public sector. As population ages, we find people with dementia face new risks of financial loss undiagnosed memory loss. We discuss how the industry can help clients protect their interests as they become more vulnerable, and use employee benefits to support sandwich generation carers.
Finally, we discuss how to protect your vacation package from porch piracy. start up, Porch Parsnow helps online shoppers manage this risk. But what role can existing insurers play in this area?
Exciting times are ahead as new risks and models emerge. Have a great holiday. See you in 2025!
