Future Shock: Challenges and Opportunities for the Global Insurance Industry in a Rapidly Changing World

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This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, at the Connecticut Insurance Market Forecast conference, looks at the insurance industry in a global context. The report discusses the risks and opportunities that globalization poses for the industry. Sections analyze the public perceptions of the insurance industry and trends such as consolidation in the three sectors of the segmented industry: property/casualty, life and health. A section reviews the economics of Connecticut’s insurance industry, noting that it remains of key importance in the state. Final sections discuss insurance in this era of megacatastrophes, the underinsurance gap, cyberrisk, alternative capital and the reinsurance market and terrorism risk.

 

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