VIDEO: GIF 2017, LONDON: HRH The Prince of Wales welcome address
In a message recorded at St. James's Palace on 22 June, HRH The Prince of Wales addressed London Global Insurance Forum delegates. In his speech, Price Charles has emphasized four areas where insurance industry could make a vital contribution to creating the sustainable economy. Prevention of disasters - by linking the premium to actions taken, thus rewarding those who act for prevention -, and modelling the future - by helping individuals and organizations to better understand the risks -, are intimately part of insurers' core activity. The industry should also continue to build on the partnerships that are helping to prevent uninsured losses and close the insurance gap. Finally, as the industry worldwide is managing one the biggest assets portfolio, it has to put this assets "to work in a responsible way, integrating environmental, social and governance issues", setting this way an example.