These are exciting times for holders of insurance stocks, whether institutional investors or insurance executives themselves. Approximately 70% of the world’s insurance premiums are written by stockholder-owned insurers, so rising share prices provides added financial security to all stakeholders in the insurance value chain.
The recently concluded IIS Global Insurance Forum (GIF) in Singapore yielded, as our annual conference always does, some interesting insights into the major trends in the industry. One of the most striking developments in the international insurance business was evident at the Forum: the dramatic growth of Asia’s stature and role in
prospective growth.
This article was originally published in the Summer 2017 edition of INSIGHTS: A Professional Journal by the CPCU Society and is shared with permission from The Institutes CPCU Society. The Society For Chartered Property Casualty Underwriters. All rights reserved. www.CPCUSociety.org
I have been asked a number of times to provide my perspective on the insurance industry in the time of the Industrial Revolution 4.0. In this piece I’ll do so, but first, how did we get to 4.0? What preceded and led to this brave new world of what’s now called “IR4”?
