More than 1,300 insurance executives, risk specialists and technology leaders from 175 companies in 27 countries gather in Seoul for the Korea International Insurance Conference (KIIC). The two-day event, held at the Grand InterContinental Seoul Parnas and sponsored by Samsung Fire & Marine Insurance, focuses on how the industry responds to a rapidly changing risk landscape. Speakers discuss how advances in artificial intelligence and autonomous technologies alter how risks are assessed, priced and managed, moving discussion beyond traditional underwriting and claims. Participants also address broader uncertainty driven by more frequent climate-related disasters and ongoing geopolitical tensions, which make emerging risks harder to predict and quantify. Several themes highlighted across coverage include the need to adapt coverage and pricing for new and evolving threats, and efforts to narrow widening protection gaps. KIIC, now in its third year, positions itself as a cross-border forum for dialogue, knowledge sharing and business partnerships between Korean insurers and international counterparts. The conference aims to bring together insurers, reinsurers, brokers, insurtech firms and risk consultancies to coordinate responses to these challenges.
Global insurance leaders meet in Seoul to address AI-era and climate-related risk
More than 1,300 insurance executives, risk specialists and technology leaders from 175 companies in 27 countries gather in Seoul for the Korea International Insurance Conference (KIIC). The two-day ev...
- More than 1,300 insurance and risk leaders from 175 companies in 27 countries attend the Korea International Insurance Conference in Seoul.
- The two-day KIIC event is held at the Grand InterContinental Seoul Parnas and is sponsored by Samsung Fire & Marine Insurance.
- Conference themes include how AI and autonomous technologies reshape risk assessment, pricing and risk management.
- Speakers cite climate-related disasters and geopolitical tensions as factors that increase uncertainty and complicate risk prediction.
- KIIC is in its third year and serves as a cross-border platform for dialogue, knowledge sharing and business partnerships in the insurance sector.
Artificial intelligence (AI) and autonomous technologies are rewriting the rules of risk, while more frequent climate-related disasters and geopolitical tensions are making that risk harder to predict and quantify. Those shifts have left insurers grappling with questions that extend well beyond traditional underwriting and claims management: how to price emerging risks, how to narrow widening protection gaps and how to remain relevant as the nature of risk itself evolves. To address these concerns, more than 1,300 insurance executives, risk specialists and technology leaders representing 175 companies from around the world convened in Seoul this week for the Korea International Insurance Conference. The two-day event, held at the Grand InterContinental Seoul Parnas with Samsung Fire & Marine Insurance as lead sponsor, was built around a theme that encapsulated those concerns: “Insuring the Future in a Changing Risk Landscape.” Opening the conference’s main session on Thursday, Samsung Fire & Marine Insurance CEO Lee Mun-hwa remarked that the industry must move beyond its traditiona
2 hours agoAs artificial intelligence (AI) reshapes industries and geopolitical tensions add new layers of uncertainty, more than 1,300 global insurance leaders and risk specialists have gathered in Seoul this week to debate how the industry should adapt and move forward. The Korea International Insurance Conference (KIIC), sponsored by Samsung Fire & Marine Insurance, opened Wednesday at the Grand InterContinental Seoul Parnas under the theme "Insuring the Future in a Changing Risk Landscape." The two-day event has drawn participants from 175 companies across 27 countries, including insurers, reinsurers, brokerage firms, insurtech groups — which use technology to find cost savings and efficiencies — and risk consultancies, making it Korea's largest international gathering for the insurance sector. Now in its third year, KIIC has established itself as a forum for cross-border dialogue, knowledge sharing and business partnerships between Korean insurers and global markets. This year's conference moves beyond traditional discussions of underwriting and claims, focusing instead on how insurers ca
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