#50 - Emerging Risks
This week, which includes a totally un-ominous green glow, the guys discuss emerging risk classes. They delve into identifying new risk classes, insurance products designed to meet those needs and their respective life cycles, and consideration for the insurance protection gap. CONNECT & SUPPORT: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss Say Hello: producer@thereinsurancepodcast.com OUTLINE & TIMESTAMPS: (00:00) Intro (02:12) Is Insurance Bought or Sold? (03:12) Uninsurable, Partially Insurable, & Insurable Risks (04:28) The Impact of Stripping Inefficiencies in the Insurance Model (06:16) Creating New Insurance Products & Their Lifecycles (11:21) Latency of the Insurance Industry Addressing Emerging Demands (13:21) Does the Current Value Chain Slow the Process of New Products? (18:03) Identifying Emerging Risks (18:57) New Emerging Risk Classes (20:39) The Insurance Protection Gap (24:07) How Technology Can Impact Insurance