How can inclusive insurance reach its full potential?
THE FUTURE IS BRIGHT
There is no doubt that continued efforts will drive further innovation and new product development. As investment grows, new participants enter the market, and data sources improve so the pace of innovation will accelerate. Appropriate products that adapt to emerging consumers should drive a virtuous circle of trust, adoption, improved resilience, and sustainable development. There is an increasing global mandate for locally adapted solutions to risk management. The growing creativity and vision being demonstrated in these markets enable new approaches of risk transfer as part of a wider project of fostering resilience and building sustainable economic development. We need to continue working with governments, from the federal to the municipal level, to build awareness of the role that insurance solutions can play in managing societal risks.
- Paula Pagniez, Director, Capital Science and Policy Practice,Willis Towers Watson
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