Allianz Global Wealth Report 2020: Wealth Immunity
Never in the last ten years were we able to report such a big increase in wealth: Worldwide, gross financial assets grew by 9.7% in 2019, clocking the strongest growth since 2005. This performance is nothing but astonishing given the fact that 2019 was marred by social unrest, escalating trade conflicts and an industrial recession.
Sustainable insurance as an opportunity for society and business
‘Impact underwriting’ can accelerate the global economy’s sustainable transformation. Due to its role as risk manager, risk carrier and major investor, the insurance industry is in a unique position to promote economic, social and environmental sustainability.
The immediate impact of the Covid-19 shock on inflation has been decidedly deflationary, but in light of the brewing cocktail of post-pandemic economic trends, the probability of an inflationary overshoot has also risen.