Six Things 8.13.24
Insurance Thought Leadership
Transforming the Insurance Industry - Welcome to the Conversation
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Crisis Averted?
Paul Carroll, Editor-in-Chief of ITL
When I edited a magazine on digital innovation during the first internet boom, in the late 1990s and early 2000s, we had a motto: "Sometimes right, sometimes wrong, never in doubt."
In that spirit, I'm going to offer a judgment that goes against a lot of what I've seen in the press lately: I think the insurance industry will largely escape the crisis facing commercial real estate.?
I realize that life insurers have $900 billion invested in loans for commercial real estate, or 17% of their investable assets, so they're not going to escape unscathed from the tumult that will play out for years, perhaps even a decade. But there are growing signs -- at least to my eye -- that they'll be able to avoid big losses to their portfolios.
I'll explain.?
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3 个月Excellent