Protection Gap

The Solutions Landscape: The Solutions

Protection gap remains a pressing concern in today's landscape, highlighting the disparity between potential risks and adequate protection. GAIP's latest paper on protection gap reviews the current landscape of solutions across the three categories of (1) risk reduction, (2) increasing insurance penetration and (3) risk financing, examining what has been done, and what are the …

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Flood Risk Pricing with Hierarchical Deep Learning Models

“Our target was to provide a new deep learning structure that can produce a justifiable and transferable physics-based model for flood risk pricing. Through comprehensive evaluations, we were able to demonstrate the performance of the proposed framework. It surpassed benchmarks set by traditional deep learning models, signifying its ability in forecasting and assessing flood risks.” …

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More Strategies Needed to Address Protection Gaps in Asia

There are protection gaps across all risk types and solutions to address them should be considered holistically. Developing national strategies that are holistic, comprehensive and include suitable tools and capabilities is one of the ways countries can effectively address protection gaps. This article was originally published by Asia Insurance Review

Closing The Protection Gap

Creating a more resilient future for Asia means narrowing protection gaps in Asia.   There are different ways to describe protection gaps – but essentially when we talk about protection gaps we are talking about the difference between total possible losses and insured losses. We narrow protection gaps through reducing risk, increasing access to insurance …

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Managing The Insurance Industry's Shifting Landscape

How 21st century exposures shape insurance innovation. Changes in technology, regulations and society are quickly shifting the global risk landscape, which directly impacts and informs Financial Lines coverage needs. To meet these challenges, AIG develops insurance solutions to help brokers and clients manage emerging and evolving risks. “Complacency does not have a place in the insurance …

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