Insurance, Economic Turmoil and Political Upheaval: The Future of Risk Management in the Post-Crisis World

This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, at the Insurance Institute of London Lecture Programme, discusses how the global financial crisis and the new world economic order has made insurers’ path to growth both more clear and more challenging. Slides illustrate how the reshuffling of the global economic deck has affected the path to long-term growth and how foreign direct investment has affected insurance exposure and demand. A section looks at insurance in the age of austerity, focusing on fiscal discipline, the end of stimulus programs and their consequences for insurance. Economic threats facing the global insurance and reinsurance industries including debt crises, inflation and deflation, trade and currency wars and low interest rate yields are reviewed. The presentation concludes with a discussion of future opportunity, risk and instability for the insurance industry.