Insurance industry must act to stay relevant: Benchimol

The insurance industry must respond to emerging risks, harness
data and analytics, and provide greater value to clients if it is
to remain relevant, according to Axis president and CEO Albert
Benchimol.
Speaking at the InsiderScope New York 2016 event this
morning (10 May), the executive warned that the sector
"appears to be becoming less relevant to the global
economy", with many new and emerging risks "inadequately
protected by insurance".
"Our value proposition is viewed as wanting.
Notwithst