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2025 Global Insurance Report: Opportunity Amid Uncertainty: Embracing a More Flexible Approach

 

Presented by BlackRock

BlackRock's 2025 Global Insurance report touches on the key themes and trends identified across various regions and insurance types. Given the various market and industry dynamics, insurers are actively making changes across multiple dimensions of their businesses.

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Insurance Regulators as Market Developers

IIS Executive Insights Regulation Expert: William Marcoux, WCM Advisory LLC
 

A long-standing debate within the insurance regulatory world has been to what extent should regulators be responsible for market development, meaning closing protection gaps and increasing insurance penetrations rates.  In light of evolving markets, insurers withdrawing from some coverages and persistent (and in some cases growing) protection gaps, this is receiving new attention— and it should!

When is insurance not insurance?

IIS Executive Insights Regulation Expert: William Marcoux, WCM Advisory LLC

Insurance laws and regulations govern the activities of those who distribute, underwrite and in some instances service insurance products.   A key provision of these laws is the definition of what is insurance or what constitutes doing the business of insurance.  In the US, a typical definition of insurance is found in section 1101 of the New York Insurance Law.  It reads:

The ESG Agenda and Insurance: Regulatory Developments, Goals and Limitations

IIS Executive Insights Regulation Expert: William Marcoux, WCM Advisory LLC
 

Environmental, social, and governance (ESG) issues are among the hottest topics in our industry today.  The ESG agenda is important for all enterprises, but it has unique relevance for the insurance industry.