Friday, November 21, 2008
If youâ€™re looking for more information on the credit crisis and its impact on insurance, look no further than a new dedicated section on the Geneva Association Web site. The online section includes articles, papers and background materials from a variety of sources including insurers, trade associations and other partners. Geneva Association contributions include 10 Frequently Asked Questions on the Credit Crisis and Insurance. In the Q&A the Association notes that the direct impact of the crisis on insurance was limited, not least due to the wide diversification in insurersâ€™ investment portfolios. It also makes the point that the credit crisis has not questioned the basic business model of the industry, i.e. insurance risk underwriting. These are all important considerations. Check out an I.I.I. report on the impact of the financial crisis by Dr Robert Hartwig, I.I.I. president, plus background info on theÂ insurance guaranty funds.