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1 min read
Insurance Nerds Editorial Team
:
Jul 14, 2025 7:08:32 AM
According to Philip Weiner, CEO of bolttech APAC, significant protection gaps are becoming evident in several key areas, including cyber security, climate change, aging populations, and urban mobility. This insight reflects a growing concern in the insurance industry about how these emerging risks are being managed.
Weiner highlights that the rapid pace of technological advancement and environmental change is outpacing current insurance solutions. Here’s a breakdown of the four primary areas he mentioned:
These protection gaps have significant implications for various stakeholders, including consumers, businesses, and insurers. Individuals and companies may find themselves underinsured against emerging risks, while insurers may miss opportunities to develop new products that meet evolving needs.
Weiner's comments suggest that InsurTech companies have a substantial opportunity to innovate and fill these gaps. As the market shifts, there is potential for new solutions tailored to these pressing issues, which could lead to more comprehensive coverage options in the future.
Original Source: https://www.asiainsurancereview.com/News/View-NewsLetter-Article?id=92232&Type=AIRPlus
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