Assinews.it Insurance: Tech for Prevention & Advanced Vision
- Rome - Technology can stimulate preventative measures in personal and collective health, as well as in ecosystem protection, fostering a cycle that reduces public and compensation costs, according...
- The event,titled "Tech to Protect: The Broker and Technological Innovation in the Protection of Ecosystem,Businesses,and Citizens," brought together academics,insurance professionals,consumers,and welfare advocates to discuss technology's role in addressing...
- Flavio Sestilli, president of AIBA, introduced the conference.
Technology’s Role in Protecting Ecosystems, Businesses, and Citizens
Table of Contents
- Technology’s Role in Protecting Ecosystems, Businesses, and Citizens
- Technology’s Role in Protecting Ecosystems, Businesses, and Citizens: A Q&A
- What was the “Tech to Protect” conference about?
- Who were the key speakers at the conference?
- What were some of the main discussion topics?
- How is climate change impacting the need for sustainability?
- What measures are being taken to address climate-related risks?
- How is Italy’s aging population influencing economic and social stability?
- What are the implications of these demographic shifts?
- How can technology help address these challenges?
- how will technological advancements influence the insurance and brokerage sectors?
- How can technology and AI be used in the insurance sector?
- What role will brokers play in this evolving landscape?
Rome – Technology can stimulate preventative measures in personal and collective health, as well as in ecosystem protection, fostering a cycle that reduces public and compensation costs, according to discussions at the AIBA conference held last week in Rome.
The event,titled “Tech to Protect: The Broker and Technological Innovation in the Protection of Ecosystem,Businesses,and Citizens,” brought together academics,insurance professionals,consumers,and welfare advocates to discuss technology’s role in addressing challenges such as climate change and an aging population.
Flavio Sestilli, president of AIBA, introduced the conference. Riccardo Cesari, Councilor of IVASS, and Giovanni Liverani, president of ANIA, also spoke.
Round Table Discussions
A round table discussion on “Protection, Environment, and Ecosystem” featured edoardo croci, professor of Environmental Economics at Bocconi University; Umberto Guidoni, Co-Director General of ANIA; and Laura Pulcini, Vice President and Director of ADOC.
Another discussion, “Protection of Citizens in the Welfare Area,” included Luca Foresti, CEO and Founder of First Principles Srl; Massimo Franzoni, Professor of Civil Law at the University of Bologna; and Giovanna Melandri, President of Human Foundation and Founder of GSG Impact.
Climate change and Sustainability
Sestilli emphasized the urgency of sustainability in the face of increasingly frequent and intense climate change phenomena. “Climate change, with its increasingly frequent and intense phenomena underlines how sustainability can no longer be questioned, but represents the only possible direction,” Sestilli said.
Sestilli noted that the extended obligation for companies to obtain insurance against catastrophic risks is a measure that will help make the country system more sustainable and resilient, promoting business continuity even in catastrophic events. He added that further preventative and adaptive interventions are needed for a truly sustainable and resilient country.
Demographic shifts in Italy
The conference also addressed Italy’s demographic evolution, which is placing economic and social stability under pressure. Istat data indicates that over 65s currently make up 14% of the population, and are projected to reach 34.5% in 2050. This aging trend is occurring alongside a declining birth rate, with births falling from 577,000 in 2008 to 379,000 in 2023.
These demographic shifts have consequences for healthcare, assistance, the pension system, and the world of work, necessitating interventions such as healthcare policies, public-private partnerships, synergies with the third sector, bureaucratic simplification, and enhancement of territorial welfare. Technology can support improvements in diagnostics, care, and ecosystem protection.
Technology’s Opportunity for Insurance and Brokerage
Sestilli highlighted the potential of technological evolution to drive the insurance and brokerage sectors,especially in prevention. “Technological evolution can also be a flywheel for the insurance sector and for that of intermediation. Prevention is one of the sectors in which there will be the greatest advantages,” Sestilli said.
sestilli added that the use of technology and artificial intelligence,particularly in data analysis,can help prevent health risks and promote healthier populations,reducing public costs and compensation expenses. “The more we will use technology and artificial intelligence, the more we will be able – for example thanks to the analysis of the data – to prevent health risks and to have healthier people, intervening in advance. This will reduce costs on the public and will also lead to reducing the costs of compensation.”
Sestilli concluded by emphasizing the evolving role of brokers as consultants who help individuals plan risk protection strategies, supported by technology and AI. “Technological evolution, making new tools and new opportunities available to us brokers, confirms and strengthens what has always been our social role…today we see that brokers are also, and more and more, consultants of natural people: they help them plan the risk protection strategies,” Sestilli said.
Technology’s Role in Protecting Ecosystems, Businesses, and Citizens: A Q&A
this article explores the key takeaways from the “Tech too Protect” conference, examining how technology is driving innovation in insurance and brokerage to address pressing challenges such as climate change and an aging population. All information is sourced directly from the provided text.
What was the “Tech to Protect” conference about?
The “Tech to Protect” conference, held in Rome, brought together academics, insurance professionals, consumers, and welfare advocates to discuss the role of technology in protecting ecosystems, businesses, and citizens. The conference aimed to address challenges such as climate change and an aging population.
Who were the key speakers at the conference?
Key speakers included Flavio Sestilli, president of AIBA, who introduced the conference. Riccardo Cesari, Councilor of IVASS, and Giovanni Liverani, president of ANIA, also spoke and provided insights.
What were some of the main discussion topics?
The event featured round table discussions on several key topics:
- protection,Environment,and Ecosystem
- Protection of Citizens in the Welfare Area
- Climate Change and Sustainability
- Demographic Shifts in Italy
How is climate change impacting the need for sustainability?
Flavio Sestilli emphasized the growing urgency of sustainability,stating that “Climate change,with its increasingly frequent and intense phenomena underlines how sustainability can no longer be questioned,but represents the only possible direction.”
Sestilli highlighted that the requirement for companies to have insurance against catastrophic risks would make the country’s system more enduring and resilient, enabling buisness continuity even during notable events. He further noted the need for preventative and adaptive interventions to ensure a truly sustainable and resilient nation.
Italy’s demographic evolution is placing the economic and social stability under pressure. Istat data reveals that over 65s make up 24% of the population and are projected to increase to 34.5% by 2050. This aging trend is occurring amidst a declining birth rate, with births falling from 577,000 in 2008 to 379,000 in 2023.
What are the implications of these demographic shifts?
These shifts are impacting healthcare, assistance, the pension system, and the job market. This leads to interventions needed such as healthcare policies,private-public collaborations,synergies with the third sector,simplification of bureaucracy,and the enhancement of territorial welfare.
How can technology help address these challenges?
Technology can support improvements in diagnostics, care, and ecosystem protection. It can also drive innovation in the insurance and brokerage sectors,especially in prevention.
how will technological advancements influence the insurance and brokerage sectors?
Sestilli pointed that technological evolution can be a driving force in the insurance and brokerage sectors, particularly in prevention. He highlighted that technological evolution can provide new tools and opportunities for all stakeholders.
How can technology and AI be used in the insurance sector?
The use of technology and artificial intelligence, especially in data analysis, can help identify health risks and promote healthier populations, reducing public and compensation costs.
What role will brokers play in this evolving landscape?
Sestilli highlighted the brokers will evolve. They will act as consultants assisting individuals in planning risk protection strategies, supported by advancements in technology and AI. Brokers will become more and more consultants of natural people for risk protection strategies.