The Insurance and Asset Management Industry Community plays an essential role in traditional wealth and asset managers, as well as insurance professionals spanning property & casualty, life, reinsurance, brokerage, and risk advisory sectors. This sector collectively represents the largest global pool of long-term investor capital and risk protection providers across all aspects of life and economic activities.
The industry's primary focus centres on its pivotal role in fostering economic growth and enabling individual and household wealth accumulation. It also emphasizes the development of resilience and risk mitigation strategies in collaboration with other stakeholders, enhancing preparedness for retirement in the face of demographic shifts, and understanding the implications of emerging technologies that are reshaping the industry's business and operational models.
Members of the Insurance and Asset Management Industry community actively partner together to shape the industry agenda, foster innovation, and inform new policymaking.
The industry community has defined the following strategic priorities for the year ahead:
India's agricultural industry is a major economic contributor. Insurers and policy-makers are creating adaptation projects to build its climate resilience.
Insurance firms are raising rates, reducing coverage and exiting some markets entirely as climate change fuels more natural disasters such as wildfires.
People are living longer than ever before and the Longevity Literacy initiative offers a framework on living a financially resilient and sustainable life.