Post by Lloyd's

Risk is rising. Protection isn’t keeping pace.   At last week’s FT Global Insurance Summit, our Chief Executive Patrick Tiernan set out the challenge for our industry: respond faster to emerging threats and close a widening protection gap.   Too often, risk and insurance still sit outside core business decision-making. Yet businesses and societies are increasingly exposed - and underinsured - against today’s most complex risks.   As systemic events become more frequent and more costly, a fundamental question is coming into sharper focus: who ultimately carries that risk? The answer will depend on stronger public–private partnership. Insurers, governments and institutions working together to ensure protection remains available, sustainable and fit for the future.   #FTGlobalInsuranceSummit #RiskMitigation #Lloyds