As 2024 comes to a close, we’re excited to gather together for our end-of-year insurance news analysis.
2024 set another heat record. We expect insured losses from catastrophic events related to climate change 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 the population ages, we are seeing new risks of financial loss for people with undiagnosed memory loss. We discuss how the industry can help clients protect their interests as they become more vulnerable and leverage employee benefits to support sandwich generation caregivers.
Finally, we discuss how to protect your vacation package from porch piracy. Startup Porchpals is now helping online shoppers manage this risk. But what role can existing insurers play in this area?
Exciting times are ahead as new risks and patterns emerge. Have a great holiday. See you in 2025!
