In 2018, Lloyd’s of London calculated the value of the global insurance gap as US$162.5 bn with emerging economies accounting for US$160 bn of the gap.
Insurance penetration usually increases with economic growth but If Lloyd’s repeats their analysis in 2021 following the COVID-19 pandemic and subsequent recession, it may be now even higher.
In this workshop we will discuss what is the insurance gap means and the tools and techniques that the insurance market can use to make insurance more accessible, understandable and affordable to customers around the world, to reduce the amount of underinsurance.
- What is the insurance gap?
How is the insurance gap measured?
What are the implications of the insurance gap?
Which insurable risks around the world are currently under insured?
What tools, techniques, products and technologies can the insurance market use to reduce the amount of underinsurance and take advantage of this opportunity?
Neil Park is an experienced trainer and consultant currently working in the insurance industry in United Kingdom and internationally. He delivers workshops in technical insurance (including property, business interruption, liability, professional indemnity, directors’ and officers’ liability and cyber risk), risk management, insurance broking and sales and negotiation skills.
He has a strong commercial insurance background, with 20 years of experience working at international brokers both in London and North America, leading teams and managing major client relationships.
Neil has an MBA, an MA in Economics from the University of Cambridge and is a Fellow of the Chartered Insurance Institute (FCII).
Date and Time
Date: 25 March 2021
Time: 3:00 p.m. – 5:00 p.m. (Kuala Lumpur Time)
| 7:00 a.m. – 9:00 a.m. (London Time)
Registration Closing Date: 10 March 2021
MII/CII Members: Local RM 250 | International USD 60
Non Members: Local RM 350 | International USD 85