As usual, a very informative post John. Having worked with Lloyds (as an external) on their business model a number of years ago, if any industry is aware of the risk and the need to change its the insurance industry. However, as you say, what about their customers?
I’m frustrated at the vested interest in the status quo and business-as-usual which defends its position against those who are trying to co-create a regenerative economy. The Just Transition is possible but we need Governments, Business Leaders, capital markets and (re)insurers to work together to create a compelling alternative to the sub-optimal current state.
Of course. You see movement in sovereign wealth funds (eg., Norway), development banks, retail banks, investment houses (eg., BlackRock, but...), private equity, venture capital, the pensions sector and so on. But generally it's too little, too late.
As usual, a very informative post John. Having worked with Lloyds (as an external) on their business model a number of years ago, if any industry is aware of the risk and the need to change its the insurance industry. However, as you say, what about their customers?
I’m frustrated at the vested interest in the status quo and business-as-usual which defends its position against those who are trying to co-create a regenerative economy. The Just Transition is possible but we need Governments, Business Leaders, capital markets and (re)insurers to work together to create a compelling alternative to the sub-optimal current state.
Do you see this happening anywhere John?
If anything, I think we’re likely to go into reverse for a while, given disturbances in the political field and the uncertainties that go with that.
How do you suggest this can be addressed, if at all?
That’s disappointing to hear. Do you see any mobilisation beyond the insurance industry?
Of course. You see movement in sovereign wealth funds (eg., Norway), development banks, retail banks, investment houses (eg., BlackRock, but...), private equity, venture capital, the pensions sector and so on. But generally it's too little, too late.