What is the biggest concern for Insurers? Pandemic, Cyber, Flood, Nope...Guess Again

[marindependent]

From the Insurance Journal:

By Alexandre Rajbhandari | September 29, 2021

"Global warming was ranked as the biggest risk to society over the next five to 10 years in a report released Tuesday by French insurance giant AXA SA...

Insurers are being increasingly challenged by global warming as extreme weather events wrought by climate change are expected to keep rising. Just under a fifth of the 3,500 insurance professionals polled across 60 countries expressed faith in public authorities to mitigate the crisis...

The survey also found that cyber risks, which ranked second on the list, was a fast-growing fear for insurers. This year, some 61% of respondents put cybersecurity among their top five concerns, up from 54% in 2018. The pandemic dropped to third place."

 

[goillini52]

From the Insurance Journal:

By Alexandre Rajbhandari | September 29, 2021

"Global warming was ranked as the biggest risk to society over the next five to 10 years in a report released Tuesday by French insurance giant AXA SA...

Insurers are being increasingly challenged by global warming as extreme weather events wrought by climate change are expected to keep rising. Just under a fifth of the 3,500 insurance professionals polled across 60 countries expressed faith in public authorities to mitigate the crisis...

The survey also found that cyber risks, which ranked second on the list, was a fast-growing fear for insurers. This year, some 61% of respondents put cybersecurity among their top five concerns, up from 54% in 2018. The pandemic dropped to third place."

AOC says the world will end in about 10 years.

 

[STIBROKER]

 

[Markthebroker]

I'm a commercial p&c agent, and I'm really only afraid of 3 things. Midgets, liberals, and of course gremlins. I don't worry about much else.

 

[Markthebroker]

View attachment 7406

 

[goillini52]

I'm a commercial p&c agent, and I'm really only afraid of 3 things. Midgets, liberals, and of course gremlins. I don't worry about much else.

That's a good list, but I'd have add one.

 

[adjusterjack]

Just under a fifth of the 3,500 insurance professionals polled across 60 countries expressed faith in public authorities to mitigate the crisis...

Over 80% of those insurance professionals have no faith in public authorities to mitigate the crisis.

Hmm.

 

[STIBROKER]

 

[Markthebroker]

View attachment 7408

Maybe we can get Al Gore leave his mansion, and fly over in a jet as he is known to, so he can tell us how to solve climate change by reducing our carbon footprint. I mean, if he can invent the internet, he can do anything.

 

[Markthebroker]

Over 80% of those insurance professionals have no faith in public authorities to mitigate the crisis.

Hmm.

That means roughly 20% of agents don't read the news, and were high or sleeping in history class.