Home Les bulletins GEAB GEAB 145 Investments, trends and recommendations (May 2020)

GEAB 145

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 May 2020

Investments, trends and recommendations (May 2020)

Insurances – The end of the system as we knew it

According to Lloyd’s of London, the insurance industry will have to pay out $203 billion this year and professionals reckon that this pandemic represents the biggest catastrophe their sector has ever suffered. This economic crisis will be coupled with an existential crisis linked to a problem of image: The refusal to reimburse clearly displayed by some insurers such as Hiscox[1]; an awareness in some countries that insurers reimburse cancelled trips or theatre shows, but not health care[2] (when they reimburse anything at all[3]); while States have to give money for reimbursements to insurers when there is a real problem (so people pay twice somehow).[4] All this will combine with the acceleration of the process of monetary, financial and banking digitalisation. Insurance will find itself squeezed between the reactivation of public social and health cover systems on the one hand, and on the other, the digitalisation of a disintermediated financial blockchain system, combining together what were the separate fields of finance, banking and insurance.

The first to be affected by this disintermediation process are the insurance brokers, who now have an interest in quickly repositioning themselves as consulting instead of brokerage (all the more since their customers will find it increasingly difficult to navigate their way in this ever changing domain). But the whole sector will eventually melt down in a process punctuated by crises,  

Comments

To leave a comment sign up now
In summary

The next US presidential election, despite its relatively normal exterior, is already showing some new features. For example: 1/ It’s not the main point of interest on the planet; 2/ [...]

The last quantum leap in public health dates back to the 19th century. It was the result of the application of the principle of free medical care for all citizens. [...]

What if the decision of the German Federal Constitutional Court (Bundesverfassungsgericht - BVerfG) of 5 May was to become the first key component of a European political and democratic system, [...]

As has been repeated several times since the outbreak of this crisis, COVID-19 will act as a multi-level accelerator. If this ends up being true in just one sector, it [...]

Are the precious metal markets rushing to get ready for the biggest bull run in history? Recent actions by the London Bullion Market Association, the Chicago Mercantile Exchange and many [...]

Related articles
Geta Grama-Moldovan
15 Oct 2020

Investments, trends and recommendations (Oct 2020)

#dollar #finance #gafa #investments #newtech #oil

Recommendations: Treasure hunt This issue is packed with investment recommendations. Car sector, raw materials, technology stocks... we suggest you read it carefully then go on a treasure hunt! Samsung: Temporary [...]

Geta Grama-Moldovan
15 Oct 2020

Commodities: Towards an unsustainable volatility…

#finance #gold #investments #oil #palladium #platinum

For the last 20 years, the international prices of many commodities have been set within a framework of globally recognised futures and spot contracts. Today, as many contracts detach from [...]

Geta Grama-Moldovan
15 Oct 2020

2021 – Galileo and the United Kingdom: (A Slight) Breturn

#brexit #europe #finance #geopolitics #space

The United Kingdom has not been in the EU since January 2020. As a result, it has been cut off from access to the European GPS system, Galileo, which it [...]