Summary of Insurers and Society

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Rating

8 Overall

8 Importance

8 Innovation

7 Style


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.

In this summary, you will learn

  • What a survey of global insurance industry executives reveals about their perspectives for the future of their business,
  • What stresses are now affecting life and nonlife insurers as well as reinsurers globally, and
  • What the industry must do to continue to be a positive force in society.
 

About the Author

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

 

Summary

The Economist Intelligence Unit surveyed 332 insurance firms and financial intermediaries from North America, Europe and Asia on their perceptions of industry prospects in the years leading to 2030. Results show that, though the global insurance industry survived the economic turmoil stemming from the 2008 global financial crisis, plenty of challenges still exist: economic insecurity, cumbersome new regulations, the effects of climate change, the increased longevity of aging populations and diminished returns on investment. Respondents agree that “macroeconomic uncertainty and financial...


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