The Big View How climate and innovation are changing insurance
Oct 7, 2025
Mario Greco, CEO of Zurich Insurance, steers the conversation on how the insurance landscape is adapting to rising natural disasters and climate change. He discusses the importance of prevention and the shared responsibility of individuals, governments, and insurers. As technology transforms the industry, he highlights practical AI applications, personalized pricing, and the shift towards supporting renewable energy. Greco also explores opportunities in mobility and health risks, revealing how these changes can drive growth in a fragmented global market.
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Catastrophes Are More Frequent And Global
- Natural catastrophes are increasing in frequency and appearing in new regions, creating global impact and disruption.
- Mario Greco says prevention and mitigation are the priority because frequency likely won't decrease.
Act On Prevention And Mitigation
- Work on prevention and mitigation at individual and government levels to reduce damage from wildfires, floods and wind.
- Mario Greco urges coordinated infrastructure and local measures like removing vegetation near houses and preparing ground water resources.
Prices Must Signal True Risk
- Insurance rates must reflect real riskiness or insurers will withdraw from unprofitable markets.
- Mario Greco argues correct pricing sends signals that incentivize risk reduction and fair allocation of costs.