Disproportionate impacts from COVID-19 and climate change are shining a light on the underinsured. Times like these challenge the insurance industry to consider how their products may better reach those who need them most.

In my previous blog post, I referenced the disproportionately high mortality from COVID-19 in care homes and the need to better deliver digital care services to seniors. Similarly, communities of color are seeing disproportionate mortality from the virus, but they are seeing less in claims paid to beneficiaries. These disparities are sparking some long-overdue conversation about how life and annuity products are written and distributed.

In this month’s Insurance News Analysis, Natalie de Freitas and I discuss these challenges and those posed by climate change, including the availability of homeowners insurance in areas with increasing fire and storm activity. We also discuss how perceptions of various exposures are shifting among insurers and which emerging risks they would be wise to consider.

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