The Geneva Association celebrates 50 years

This year marks the 50th anniversary of The Geneva Association, which acts as the insurance industry’s platform for research and dialogue.

To commemorate, The Geneva Association’s 50th annual General Assembly of insurance CEO members was held in London on 1–2 June 2023 and was titled ‘Collaborating for Resilience: 50 years on and looking ahead’.

During the event, insurance CEOs explored some of the most pressing global challenges and their implications for insurance companies:

• What insurers can do, amid prevailing geopolitical and economic volatility, to bring stability to societies
• The importance of delivering on net-zero transition plans, in insurance and in other industries, to meet emission-reduction targets
• The social media paradox for corporations – as a valuable platform for expression for employees, customers and other stakeholders, but also a vehicle for proliferating untruths
• How shifts in demographics, new technologies and working norms are impacting companies’ abilities to recruit the talent they need.

Christian Mumenthaler, Chairman of The Geneva Association and Group CEO of Swiss Re, said: “It is humbling for Geneva Association members to reflect on the insurance industry’s evolution over the past 50 years. What stands out, above all, is how insurers and reinsurers have dutifully confronted the world’s biggest challenges in the name of building resilience. In the uncertain times now and ahead, insurers are more than ever committed to supporting societies in the face of growing risks. In this context, The Geneva Association’s role, as a research body and dialogue platform for the insurance industry, is as relevant as ever.”

Additionally, the association will hold a two-day event in Zurich called ‘Summit 50’, on 28–29 November 2023, to celebrate the industry’s achievements over the past 50 years and explore its future challenges.