Page 80 - revue RDV 2024 (15_04)

A R T I C L E S 80

What is the role

of insurance in an

uncertain world?

Our world today is facing several challenges and crises simultaneously, play a vital role in safeguarding the interests of their policyholders and
Mme. Michaela
which are, at least to an extent, related and mutually reinforcing. The promoting stability in the face of unpredictable circumstances. Insurers
list of challenges includes climate change, an energy and food crisis, an enable individuals to prepare for the challenges that lie ahead, fostering KOLLER
ageing and shrinking working-age population, inflation, a war in Ukraine, a sense of stability amidst an ever-changing landscape. In doing so, they Directrice Générale
national and geopolitical tensions, deglobalisation and disruption in take a long-term approach, offering products designed to address future Insurance Europe
supply chains as well as mounting competition for raw materials. All this uncertainties: from life insurance policies that provide for loved ones, to
results in increasing uncertainty, leading many people and companies to retirement plans that ensure financial security in old age.
seek higher protection against such uncertainty. And additional protection
may not always be, or not sufficiently, available. In this context, the As such, insurers help boost the resilience of our societies, addressing
insurance industry has an important role to play as provider of security existing and emerging risk, as well as protection gaps in a wide range of
and protection. fields, from pensions and health to climate change and cybersecurity. At
the same time, as one of the largest institutional investors, the insurance
Insurers offer a unique array of products and services that help shield industry contributes to economic growth, stability and the sustainable
individuals and businesses from unforeseen risks. Through insurers’ transition. As the Global Federation of Insurance Associations (GFIA)
multifaceted approach to risk management and financial protection, they stresses in its January 2024 report, the insurance industry is one of the