The Future of The Insurance Cycle
The unpredictable nature of the insurance industry makes it very unlikely that the cycle can be eliminated. For several years Lloyd's have been urging caution in soft periods and restraint in hard periods. We are currently entering a soft period of high competition and falling premiums. This suggests that the free market has not heeded the warnings of previous periods. Having said this, the insurance industry as a whole is several hundred years old and has survived several other softening and hardening periods.
Read more about this topic: Insurance Cycle
Famous quotes containing the words future, insurance and/or cycle:
“I don’t see much future for the Americans.... Everything about the behavior of American society reveals that it’s half Judaized, and the other half negrified. How can one expect a State like that to hold together?”
—Adolf Hitler (1889–1945)
“For there can be no whiter whiteness than this one:
An insurance man’s shirt on its morning run.”
—Gwendolyn Brooks (b. 1917)
“Only mediocrities progress. An artist revolves in a cycle of masterpieces, the first of which is no less perfect than the last.”
—Oscar Wilde (1854–1900)