World Economic Forum: Why aren't insurers leading?
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23 January 2015Tom Scales
As you all likely know, the World Economic Forum is this week in Davos. I have reviewed much of the information, as the world economy interests me, and one area was the list of 100 strategic partners. I clearly do not know every company but it appears that 13 of the 100 are banks. That makes sense, given the topics. So I look at companies whose focus is insurance. We are a huge part of the economy, so I thought we would be equally represented. Just six. Two are local Swiss insurance giants -- Zurich and Swiss Re, so you would expect them to be involved. One is a huge world-wide insurance brokerage, risk management and consulting firm -- MMC (full disclosure, Celent is a part of MMC). That leaves three insurers:
- Old Mutual