Zurich CEO Calls for ‘Real Fiscal Changes’ in Low Rate Environment

The video discusses the impact of climate change on underwriting and investments, emphasizing the need for government intervention in setting carbon prices. It explores the challenges posed by negative interest rates on asset management and the necessity for fiscal changes. The economic outlook for 2020 is analyzed, highlighting strong fundamentals but potential geopolitical risks. The transformation of the insurance industry is examined, focusing on customer behavior and the shift towards a service industry. Reflections on Davos highlight changes in business trends and long-term planning.

What is one of the main visible impacts of climate change mentioned in the video?

• Increased agricultural productivity

• Natural disasters

• Lower sea levels

• Improved air quality

Who is suggested to take the lead in setting carbon prices?

• Governments and institutions

• Non-governmental organizations

• Private companies

• Individual citizens

What is the impact of negative interest rates on asset management?

• They lead to increased investment in fossil fuels

• They make it easier to generate high returns

• They have no impact on investments

• They make it more challenging to achieve returns

What is the expected economic outlook for 2020 according to the video?

• A year of economic decline

• A year with no economic growth

• A year with strong economic fundamentals

• A year dominated by central bank interventions

How are geopolitical risks currently affecting investment trends?

• They have no impact on investments

• They are impacting daily trades but not long-term trends

• They are causing investors to avoid certain regions

• They are creating long-term trends

What is driving the transformation in the insurance industry?

• Customer decisions and satisfaction

• Government regulations

• Technological advancements

• Increased competition from banks

What is the current trend in customer behavior in the insurance industry?

• Customers are staying loyal to their insurance providers

• Customers are demanding fewer services

• Customers are increasingly switching insurance companies

• Customers are less concerned about insurance