The Protection Gap: Uninsured Economic Exposure
2017 was the costliest disaster year for the global insurance industry with $141-billion in losses, which represented only 41% of the total cost. The financial impact of disasters doesn't stop at the buildings, infrastructure, and lost lives. In our globalized economy, the ripple effects of risk reverberate further than ever before.
The "protection gap", which is the differential between insured and economic losses, is growing and unfunded contingent liabilities are accumulating on both public and private budgets in profound ways. Join us to learn about the protection gap and how black swan events are manifesting themselves with greater frequency, and how the insurance industry is innovating to design new solutions to protect balance sheets and budgets.
*Please arrive prior to the presentation for breakfast.
Location: Boston Pizza, 367 Water Street, St. John's, A1C 1C2
Date: Tuesday, September 25th, 2018
Breakfast: 7:15 a.m. - 7:45 a.m.
Presentation: 7:45 a.m. - 8:30 a.m.
Kindly RSVP by Friday, Sept. 21st.