Insurance & Investments – Two Different Things, Really? A Discussion In The Non-Life Space
Hui Yen Tai, Regional Director, Head of Analytics - Asia Pacific, Willis Re, Singapore
How similar, or dissimilar, are the principles? What are the parallels, if any? Why do I, as a general consumer, approach them rather differently? The investments industry continues to challenge consumers with exotic products and solutions that stretch the comprehension of risk-return – yet (re-)insurance is arguably stagnated as a commodity most would rather move on from?
The two streams can, and indeed should, be seen on the same paradigm. One addresses upside, other addresses downside – sitting on the same continuum. Where we are today leaves a lot to be desired. If and when we step up the notch in challenging our buyers on their desired risk-return profile, over and beyond the isolated insured risk, we may find a whole new stream of opportunities with greater perceived value – and in turn, relevance.