One of the main roles of Axco’s Global Risk Intelligence and Data (GRID) team is to monitor emerging risks around the world, particularly those which affect the strategic activities of governments, companies and individuals. Each month, the GRID team newsletter will offer you recent highlights of our global analysis of significant geopolitical developments, and possible implications for Axco’s core insurance and risk management markets.

While the banking sector has made significant progress extending access to credit and savings to the 3 billion people in the emerging middle class, this population remains particularly vulnerable to risk but lacks effective safety nets, such as insurance. The estimated size of the microinsurance market is 3-4 billion policies and $30-40 billion in annual premium revenue.

Michael Morrissey, President & CEO, International Insurance Society, Inc.
 

Each year the IIS and The Institutes conduct a Global Concerns Survey, an evaluation of the issues that keep insurance CEOs awake at night.  This survey derives its results from senior life and nonlife executives, brokers, consultants, law firms and other industry thought leaders from every geographic sector of the insurance world.  The survey’s outcomes are therefore a valuable measure of industry concerns and priorities.

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