CEO Viewpoint: It’s No Longer Enough To Just Insure

The expansion of the insurance value chain to include risk mitigation has been underway for decades. But in recent years, it’s been rapidly progressing toward a tipping point where the ‘insurance’ sector brand will be reinvented as ‘risk management and insurance.’

Historically, insurance providers have organized their businesses around balancing premiums and claims. But going forward, the insurance business must center on predicting and preventing losses for organizations and consumers.

With this shift, the opportunity for insurance professionals to make a difference is huge.

We can help people and businesses minimize risk, prevent losses and avoid huge costs (financial and otherwise).

Using a predict-and-prevent approach also provides customers a way to sidestep the tasks of filing claims and the demands of recovering from catastrophe.