Insurability Gaps, Climate Impacts, and Innovations in Commercial Insurance

In this episode, we explore the insurability gap and its impact on economic stability, focusing on climate change and insights from the AXA Future Risks Report 2024. We discuss underwriting challenges in high-risk areas, balancing insurance affordability with sustainability. Innovations like parametric insurance and data analytics are highlighted, alongside risk-based pricing and proactive insurer services. We also examine global resilience initiatives, government-backed catastrophe pools, and industry standards, concluding with the importance of prevention, mitigation, and data sharing for future readiness.