Systemic risk looms large

“Sector professionals will be looking towards the April renewals.”

Systemic risk is a big issue for the insurance sector as the fallout from the COVID-19 pandemic continues to create furrowed brows, and the threat of climate change moves further up the business agenda.

In this issue of Intelligent Insurer Review, we interview industry leader Denis Duverne, chair of the Insurance Development Forum (IDF) and chair of the board of directors at AXA, about his important work at the IDF to find out how the international public-private partnership body aims to make a real difference on climate change ahead of COP26 in November 2021.

Duverne also talks about how the COVID-19 pandemic has shifted the dial for disaster risk funding and the implications of this for tackling the protection gap.

IIR had the pleasure of catching up with another industry legend—Jim Stanard, founder of RenaissanceRe, and most recently chairman of TigerRisk Partners—to talk about his career in re/insurance and in music.

In this issue, you’ll find more in-depth features on the impacts of the US election result for the insurance sector, how the sector is adapting and rapidly evolving to cope with climate threats, and the risk management of corporate reputation, among others.

With the publication of many 2020 annual results revealing the toll that last year took on the industry, sector professionals will be looking towards the April renewals with the bigger, systemic, picture very much in mind.

Claire Churchard is deputy editor of the Newton Media Insurance Group

Image: shutterstock.com / John Hoffman

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