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Insurers and Society
Report

Insurers and Society

Opportunities and Challenges in the Period to 2030

EIU, 2013

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Editorial Rating

8

Qualities

  • Innovative
  • Well Structured

Recommendation

The Economist Intelligence Unit presents a snapshot of the global insurance industry today and a prediction of its possible future. Faced with “macroeconomic uncertainty, regulation and the risk of contagion,” insurers say it’s becoming harder to conduct business, especially as demands arise for them to do more to advance socioeconomic objectives throughout the world. To a sector adept at assessing risk, climate change and aging populations introduce new and volatile variables. The report’s straightforward style and useful graphics make it a quick, informative read, which getAbstract suggests to insurance and risk management professionals.

Take-Aways

  • “Macroeconomic uncertainty, regulation and the risk of contagion…from other parts of the financial system” rank as the global insurance industry’s greatest challenges in the period to 2030, according to a survey of global insurers.
  • In Europe, insurance firms worry about the effects of EU-directed risk-based capital requirements, while doubts about the US regulatory environment are sowing fears that inappropriate legislation will impede the flow of investment capital to corporations.
  • Just more than half of insurers surveyed believe that new regulations will hinder the basic job of insurance – “turning financial risk into reliable income streams.”

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.