From climate change disrupting property insurance to AI transforming life underwriting, the insurance industry faces multiple converging crises that could fundamentally reshape how we protect ourselves against risk in the coming years.
Parametric insurance uses predefined triggers like wind speed or rainfall to automate disaster payouts within days instead of months. This technology-driven approach is transforming disaster recovery but faces regulatory and coverage gap challenges.
Insurance policies are undergoing silent but significant changes that could leave businesses and individuals dangerously exposed. From hidden cyber exclusions to narrowed definitions of covered damage, policyholders face new risks they never anticipated.
Insurance policies are becoming minefields of exclusions and limitations while carriers use sophisticated algorithms to identify emerging risks. From climate exclusions to cyber coverage gaps, consumers face hidden dangers in their protection.
Behind rising premiums lies a deeper crisis threatening the insurance industry's foundation. Climate change, cyber threats, talent shortages, and regulatory challenges create a perfect storm that could reshape protection for generations.