• Swiss Re Institute's annual SONAR report features 15 emerging risk themes and 5 emerging trend spotlights the re/insurance industry needs to have on its radar
• Digital technology's clash with legacy infrastructure, new risks emerging from the spread of 5G mobile networks, increasingly limited fiscal and monetary policy flexibility, and genetic testing and its implications for the insurance industry are challenges with potentially high impact
• While Swiss Re has been monitoring emerging risk related to climate change since 1989, the 2019 SONAR report highlights expected but still uncertain effects on public health and the insurance sector
• Other risks and trends presented in the report range from increased global vaccine hesitancy to geographically shifting markets
• The yearly SONAR report aims to initiate an informed dialogue about the future risk landscape that might lie ahead
Digital technology's clash with legacy hardware, new risks emerging from the spread of 5G mobile networks, increasingly limited fiscal and monetary policy flexibility, and genetic testing and its effects on the insurance industry, as well as the effects of climate change on public health are some of the key risks identified in this year's Swiss Re Institute SONAR report published today. The publication is based on the SONAR process to pick up early signals of what lies beyond the horizon.
The identified risks are relevant to life and non-life insurance areas, asset management as well as operations and insurance market conditions. They are presented with the goal of helping industry players prepare for new scenarios by adapting their behaviour, market conduct and product portfolios.
Click here to read more....
Get the latest issue of FAnews