As 2024 draws to a close, we are pleased to gather for the year-end edition of Insurance News Analysis.
2024 set yet another heat record. And we’re headed for the fifth consecutive year of more than $100 billion in insured losses from catastrophic events related to climate change. We discuss how insurance companies are adapting to this fundamental change in the fundamentals of risk and loss and how it affects the products and services they bring to market. We also talk about the important role of public-private partnerships in addressing insecurity.
Similarly, there are changes in medical risk that require new models and collaboration across industry and the public sector. As the population ages, we see an emerging risk of financial loss among people with undiagnosed memory loss. We discuss ways the industry can help clients protect their interests as they become more vulnerable and use employee benefits to support caregivers in the Sandwich Generation.
Finally, we talk about ways to protect your vacation packages from deck tricks. For starters, Porchpals, now offers to help online shoppers manage this risk. But what role can business leaders play in this space?
With new risks and models emerging, there are exciting times ahead. Have a happy holiday season. See you again in 2025!
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