The Biggest Opportunity in Insurance

The global protection gap remains alarmingly wide, with nearly 70% of economic losses coming from natural catastrophes uninsured annually.

This presents a significant opportunity for brokers and underwriters to expand their businesses while aiding the world in navigating the climate crisis.

This session, led by Peter Blanc, ACII, Head of M&A at Howden Group Holdings,  explores this pressing challenge and the prospects it offers, emphasizing the urgent need for collective action.

He describes specific actions his company has taken, including:

• The first-ever volcano catastrophe bond, covering 29 different volcanoes.

• Their participation in the One Acre Fund to create an insurance solution for 800 small farmers in Rwanda to protect against crop failure.

• New steps to take to protect against weather events that used to be once-in-100-years but are now once-in-10-year occurrences.

• Humanity Insured, a non-profit that raises funds to provide insurance for people around the world to lift their community and saves lives.   

To learn more about Howden Group’s shift from attempting to insure after a catastrophic to prefunding in advance of these events.