In a thought-provoking discussion, Philippe Vezio, Deputy CEO & Chief Underwriting Officer of Tokio Marine Asia, sheds light on the immense challenge posed by the protection gap and the crucial role of embedded insurance in addressing it. Vezio highlighted that the magnitude of the protection gap is too significant to be resolved solely by embedded insurance. However, he emphasized that progressively integrating insurance into various contexts can educate customers and lay the foundation for future advancements.  
 
Looking ahead to the year 2024, Vezio highlighted two significant trends: the rise of Generative AI and the impact of evolving regulations. Both factors are expected to shape the industry landscape and present unique challenges. Vezio anticipates encountering more stringent regulations, varying stages of implementation, and intricate technicalities, requiring insurers to take calculated risks.