Understanding and anticipating risks is crucial to protecting society from the unpredictable. But the nature of risk is evolving at an unprecedented pace, and the processes and assumptions that guide insurers and their clients in managing uncertainty must be adjusted accordingly.
PARIS—Across centuries of experience and data collection, the insurance industry has developed an unmatched understanding of risk. It is the raw material that insurers analyze, price, and manage to help individuals and organizations navigate life’s many uncertainties. Understanding and anticipating risks, therefore, is crucial to remaining relevant, resilient, and capable of fulfilling insurers’ core mission: protecting society from the unpredictable.