Insurers slow to respond to emerging risks: Insurance Report 2019

Over half (55 per cent) of the surveyed customers said they were ready to explore new insurance models, but barely a quarter (26 per cent) were investing in them

There is a significant coverage gap in emerging risk areas as far as insurance in India is concerned, finds a new report. Titled The World Insurance Report 2019, the study by Capgemini and Efma names cyber security and environmental threats as some of these emerging risks. Some of the other findings are: That insurers have been slow to respond to emerging risks, that there is a significant coverage gap in emerging risk areas, that the slow response to emerging threats has created significant coverage gaps for customers exposed to these risks and that consumers are more prepared for change than