Since its launch in October 2016, the Blockchain Insurance Industry Initiative B3i has gained broad attention across the industry and beyond. In the meantime, 10 additional insurance and reinsurance companies have decided to join, giving the initiative a truly global scope with members from Asia, Europe and the Americas.
The number of international migrants — persons living in a country other than where they were born — reached 244 million in 2015, an increase of 41 per cent compared to 2000. At the end of 2015, more than 65 million people were displaced, the highest level since World War II. Globally, one in every 113 people is now either a refugee, internally displaced, or seeking asylum.
Have you ever seen a space capsule return to earth? The astronaut emerges from a cone of scorched metal and shredded foil, only to struggle against the weight of gravity. In many ways, surviving a critical illness is like returning from outer space. Remarkable medical advances enable patients to defeat disease, only to be crushed by the bills piling up at home.
For a growing number of people climate change is the biggest threat humanity has ever faced. Its potentially devastating effects on the planet—from fuelling geopolitical conflicts, damaging human health, jeopardizing food security to impairing future economic growth— are increasingly well understood by public and private sector decision-makers as well as the public at large.