Dr. Kai-Uwe Schanz News

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

A January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” Geoeconomics refers to the intersection of geopolitical forces and economic policies. The report …

It Would Take P/C Insurers 150 Years to Pay COVID-19 Business Interruption Losses

The world’s property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the estimated US$4.5 trillion global output loss inflicted by COVID-19 and its handling in 2020. P/C insurers currently collect US$1.6 trillion …

Re/Insurers Can Help Bridge Protection Gap with Technology: GA Report

Digital technologies can be harnessed by the re/insurance industry to narrow insurance protection gaps in developing and emerging markets, thereby improving societal resilience after natural disasters, according to a report published by the Geneva Association. However, the protection gap problem …