The Global Economy, Rising Risk And Marine Insurance Markets: Risk And Reward In A Troubled World
This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, before the San Francisco Board of Marine Underwriters, provides an overview of the global and U.S. economic environments, with a focus on marine insurance markets. The section analyzing the global economic situation includes an international overview, a discussion of emerging vs. developing markets and global trade volume forecasts. The U.S. section offers a GDP outlook and discussions of drivers of property/casualty (P/C) insurance exposures, marine drivers and presidential politics and P/C profitability. This section notes that a strengthening economy will influence P/C insurer growth opportunities, benefiting all lines of commercial insurance, including marine insurance. The presentation also includes a discussion of economic and geopolitical risk, a review of global catastrophe loss trends and a U.S. P/C insurance industry financial overview and outlook.
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