The relevance of the insurance industry is at stake, argues Julian Enoizi, global head–Public Sector Risk Solutions, Guy Carpenter, as he urges re/insurers to participate more in tackling systemic risk rather than leaving it to governments.
Systemic risks, characterised by events that can affect entire communities or countries, play a significant role in the widening protection gap.
That is the view of Julian Enoizi, global head–Public Sector Risk Solutions, Guy Carpenter, speaking in June at an interview with Intelligent Insurer at its Re/insurance Outlook Europe 2023 conference in Zurich.
“Insurers can play a vital role in narrowing the protection gap and building resilience.” Julian Enoizi, Guy CarpenterHe said that this type of risk has a far-reaching impact, something that was highlighted by the COVID-19 pandemic and by the geopolitical challenges created by Russia’s invasion of Ukraine.
Guy Carpenter, Julian Enoizi, Risk solutions, Insurance, Reinsurance, Zurich, Europe