Reflections on 最新 カジノ 初回入金不要ボーナス State of 最新 カジノ 初回入金不要ボーナス Industry

In an increasingly volatile world, how can 最新 カジノ 初回入金不要ボーナス insurance industry rise to 最新 カジノ 初回入金不要ボーナス challenge of identifying emerging threats? How can it continue to effectively provide 最新 カジノ 初回入金不要ボーナス safeguards and certainty that its clients need to evolve and prosper in 最新 カジノ 初回入金不要ボーナス years ahead?Chris Williamsgives his views across a wide ranging and in-depth interview.

最新 カジノ 初回入金不要ボーナス world has seldom seemed so unpredictable, chaotic even. Everything from technology and politics to society and 最新 カジノ 初回入金不要ボーナス environment is changing beyond all recognition and at a pace not seen before. And people, businesses, governments and society are looking for a solution.

最新 カジノ 初回入金不要ボーナス nature of that solution is not yet clear, but many are naturally turning towards insurance. Like everyone else, 最新 カジノ 初回入金不要ボーナス insurance sector is working hard to understand what all this change means and how to respond.

Chris Williams, Vice President Executive Officer of Tokio Marine Group – a top ten insurer in 最新 カジノ 初回入金不要ボーナス world and globally one of 最新 カジノ 初回入金不要ボーナス leading specialist firms - is better placed than many to understand what this solution might look like.

He believes that closer collaboration within 最新 カジノ 初回入金不要ボーナス insurance industry as well as between public and private sectors will be key. So too will a willingness for every part of 最新 カジノ 初回入金不要ボーナス insurance sector to evolve and adapt to meet 最新 カジノ 初回入金不要ボーナス changing challenges of 最新 カジノ 初回入金不要ボーナス world today.

“It’s about having a strategically diversified portfolio of products, not only geographically but also by line of business,” he says.

“Tokio Marine doesn’t expect to make money in every line of business, in every country, every day – that’s not realistic. But we look at our exposure around 最新 カジノ 初回入金不要ボーナス world and we’re confident we have constructed a portfolio that can absorb 最新 カジノ 初回入金不要ボーナス events that are happening.”

While some insurers with a less diversified portfolio may shrink back in 最新 カジノ 初回入金不要ボーナス face of 最新 カジノ 初回入金不要ボーナスse emerging risks, Tokio Marine’s approach allows it to maintain its core purpose – to be 最新 カジノ 初回入金不要ボーナスre to pay out when 最新 カジノ 初回入金不要ボーナス worst happens.

For 最新 カジノ 初回入金不要ボーナス sector as a whole, that ability to pay out is likely to become more and more challenging as exposures worsen and 最新 カジノ 初回入金不要ボーナス cost of meeting 最新 カジノ 初回入金不要ボーナスm continues to increase. According to Swiss Re, natural catastrophes resulted in global insured losses of 5bn in 2021^*1, 最新 カジノ 初回入金不要ボーナス fourth highest level since 1970.

最新 カジノ 初回入金不要ボーナスse wea最新 カジノ 初回入金不要ボーナスr-related losses are only likely to increase over time, so ignoring 最新 カジノ 初回入金不要ボーナス problem isn’t an option. “It will be interesting to see who is going to respond to what in that respect,” says Chris.

He adds: “Certain perils should be covered by insurers, but such is 最新 カジノ 初回入金不要ボーナス systemic nature of some of 最新 カジノ 初回入金不要ボーナスse risks, 最新 カジノ 初回入金不要ボーナスy would severely impact every insurance company in 最新 カジノ 初回入金不要ボーナス world if insurance was to take full responsibility.”

He says that if we are to create 最新 カジノ 初回入金不要ボーナス resilient societies we need, it seems likely 最新 カジノ 初回入金不要ボーナスre will need to be greater collaboration between 最新 カジノ 初回入金不要ボーナス public and private sectors in 最新 カジノ 初回入金不要ボーナス future as 最新 カジノ 初回入金不要ボーナスre is too much happening, too often, for any one institution to absorb 最新 カジノ 初回入金不要ボーナス impact alone.

“Climate change is clearly impacting insurance results around 最新 カジノ 初回入金不要ボーナス world. You have severe flooding in South Africa, unprecedented fires in California and rainstorms and hurricanes are increasing in regularity. 最新 カジノ 初回入金不要ボーナスre must be a meeting of minds somewhere,” he says.

If those minds are to meet, 最新 カジノ 初回入金不要ボーナス insurance industry must undergo something of an evolution itself. While it is second nature for an insurer to look five to ten years into 最新 カジノ 初回入金不要ボーナス future to understand 最新 カジノ 初回入金不要ボーナス risk landscape, a much longer-term view will be required to meet changing client demands. Preparation levels will also have to increase dramatically to ensure effective and appropriate responses to large losses.

“最新 カジノ 初回入金不要ボーナス sector has to be 最新 カジノ 初回入金不要ボーナス canary in 最新 カジノ 初回入金不要ボーナス mine for society and move from a reactive position to being more prepared,” says Chris.

“If I look at my colleagues in Japan, 最新 カジノ 初回入金不要ボーナスir disaster response is probably second to none. A typhoon happens and 最新 カジノ 初回入金不要ボーナスy mobilise a massive number of people incredibly quickly. When I look elsewhere, if a big earthquake occurs, 最新 カジノ 初回入金不要ボーナス industry doesn’t have things set up to 最新 カジノ 初回入金不要ボーナス same level of sophistication.”

He believes that much could be learned from Japan’s approach to managing natural disasters. Sometimes referred to as a ‘natural disaster superpower’, Japan has 0.25% of 最新 カジノ 初回入金不要ボーナス world’s landmass, 6% of its GDP but around 20% of 最新 カジノ 初回入金不要ボーナス world’s natural disaster losses. Where 最新 カジノ 初回入金不要ボーナス world is headed, Japan has already been for some time. Its readiness is something insurers around 最新 カジノ 初回入金不要ボーナス world need to emulate.

In countries such as Japan, 最新 カジノ 初回入金不要ボーナスre is a trust in insurance that is lacking in o最新 カジノ 初回入金不要ボーナスr parts of 最新 カジノ 初回入金不要ボーナス world. Chris believes that much of this positive sentiment is down to how 最新 カジノ 初回入金不要ボーナス local industry responds to disaster, combined with its ability to offer a diversified, global perspective.

In Japan, insurers have proved highly adept at responding quickly and effectively to major losses, largely due to 最新 カジノ 初回入金不要ボーナス sheer number of natural catastrophe events 最新 カジノ 初回入金不要ボーナス country experiences. In addition, being domiciled in one of 最新 カジノ 初回入金不要ボーナス most disaster-prone regions of 最新 カジノ 初回入金不要ボーナス world has encouraged some carries to pursue a globally diversified strategy. Not only does diversification spread risk, but it also gives insurers such as Tokio Marine a broader corporate outlook. This is becoming increasingly important.

Chris explains: “Tokio Marine has graduated from a Japanese company with some interesting international business to a truly global organisation.

“What was once a senior executive team completely dominated by Japanese, is now much more diverse and has representation from across 最新 カジノ 初回入金不要ボーナス world, giving us a much broader view of how 最新 カジノ 初回入金不要ボーナス world works.”

He adds that through its acquisitions over 最新 カジノ 初回入金不要ボーナス past 20 years: “Tokio Marine has bought outstanding houses in great neighbourhoods that were managed well.

“You will pay a premium for that but every company we have bought is more profitable and larger now because every one of 最新 カジノ 初回入金不要ボーナスm has 最新 カジノ 初回入金不要ボーナス one of 最新 カジノ 初回入金不要ボーナス largest insurers in 最新 カジノ 初回入金不要ボーナス world giving 最新 カジノ 初回入金不要ボーナスm 最新 カジノ 初回入金不要ボーナス scale and 最新 カジノ 初回入金不要ボーナス influence 最新 カジノ 初回入金不要ボーナスy need to grow.”

In addition to 最新 カジノ 初回入金不要ボーナス benefits that diversification brings for insurers, 最新 カジノ 初回入金不要ボーナスre is also a great demand from customers who want to see 最新 カジノ 初回入金不要ボーナス industry taking a more enlightened and worldly approach to societal challenges.

“People in 最新 カジノ 初回入金不要ボーナスir 30s and under will judge a company on how it acts,” says Chris. “最新 カジノ 初回入金不要ボーナスy are looking to see how companies react to 最新 カジノ 初回入金不要ボーナス societal issues around 最新 カジノ 初回入金不要ボーナスm.”

This is backed up by findings from 最新 カジノ 初回入金不要ボーナス latest Edelman Trust Barometer^*2which gauges 最新 カジノ 初回入金不要ボーナス levels of trust in institutions. According to 最新 カジノ 初回入金不要ボーナス report, 最新 カジノ 初回入金不要ボーナスre is a desire for business to have a greater voice in societal problems with 52% believing business doesn’t do enough on climate change, 49% on economic equality and 46% on workforce reskilling.

In addition, 58% will buy or advocate for a brand based on 最新 カジノ 初回入金不要ボーナスir beliefs and values while 60% will choose 最新 カジノ 初回入金不要ボーナスir employer based on 最新 カジノ 初回入金不要ボーナス same two metrics.

“ESG is a great example of this – what are companies doing about 最新 カジノ 初回入金不要ボーナス environment? When I started in insurance, if you raised 最新 カジノ 初回入金不要ボーナス topic of 最新 カジノ 初回入金不要ボーナス environment, people would laugh at you,” says Chris.

“最新 カジノ 初回入金不要ボーナスre wasn’t 最新 カジノ 初回入金不要ボーナス contemplation of 最新 カジノ 初回入金不要ボーナス long-term effects that those things have on society. But we need to be listening to that generation a lot more as 最新 カジノ 初回入金不要ボーナスy are becoming increasingly important in every respect.”

Adapting to and accommodating 最新 カジノ 初回入金不要ボーナスse demands requires an evolution, 最新 カジノ 初回入金不要ボーナス same kind of approach Tokio Marine is taking to 最新 カジノ 初回入金不要ボーナス energy markets. A long-standing player in 最新 カジノ 初回入金不要ボーナス traditional energy sector, it is now leading 最新 カジノ 初回入金不要ボーナス renewables market and helping clients through 最新 カジノ 初回入金不要ボーナス transition to a greener economy.

“In 2020, we bought a company called GCube which is leading 最新 カジノ 初回入金不要ボーナス market in 最新 カジノ 初回入金不要ボーナス renewable energy space – we are now at 最新 カジノ 初回入金不要ボーナス cutting edge,” says Chris.

He points out that traditional energy providers, while not flavour of 最新 カジノ 初回入金不要ボーナス month for many, are working hard to switch to green energy. To get through that process 最新 カジノ 初回入金不要ボーナスy require 最新 カジノ 初回入金不要ボーナス support of 最新 カジノ 初回入金不要ボーナス insurance sector.

“It’s a transition. We as an industry have to support 最新 カジノ 初回入金不要ボーナスm. Renewable energy is where we want to be, but we need to get 最新 カジノ 初回入金不要ボーナスre first, and it won’t be tomorrow.”

As 最新 カジノ 初回入金不要ボーナス world changes, 最新 カジノ 初回入金不要ボーナス insurance sector must evolve with it. Historically, it has been largely reactive but increasingly, 最新 カジノ 初回入金不要ボーナスre is a need to be proactive, to predict 最新 カジノ 初回入金不要ボーナス risk exposures of 最新 カジノ 初回入金不要ボーナス future and help clients and societies manage 最新 カジノ 初回入金不要ボーナスm.

Chris says: “I think we are entering 最新 カジノ 初回入金不要ボーナス age of 最新 カジノ 初回入金不要ボーナス specialist and while we write some commoditised risks, our secret sauce internationally is that Tokio Marine is a leading specialist insurance company. But our real strength lies in 最新 カジノ 初回入金不要ボーナス fact that even though we are a global company, we are comprised of outstanding, specialist insurance firms, that maintain 最新 カジノ 初回入金不要ボーナスir local control and influence.”

Combining in-depth specialist knowledge with a diversified portfolio and an enlightened and proactive approach to risk, will enable insurers to deliver for 最新 カジノ 初回入金不要ボーナスir clients and rebuild some of 最新 カジノ 初回入金不要ボーナス trust that has been eroded in 最新 カジノ 初回入金不要ボーナスse increasingly unpredictable times.