#24 - Recession: Lines of Business Affected, Increases in Insurance Fraud, & What (Re)Insurers Can Do During an Economic Downturn

#24 - Recession: Lines of Business Affected, Increases in Insurance Fraud, & What (Re)Insurers Can Do During an Economic Downturn

This week’s episode is a slightly more technical one around a subject we keep hearing about: an impending recession. Jerad & Ben discuss the drivers of recession, how this impacts the world of insurance, what lines of business are most impacted, and what happens when insurance prices rise. To make things a little more cheerful, we’ve included a NSFW Claim of the Week!


CONNECT & SUPPORT:

Website: https://www.supercede.com

LinkedIn: https://www.linkedin.com/company/supercedehq

Twitter: https://twitter.com/SupercedeHQ

YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q

RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss


OUTLINE & TIMESTAMPS:

00:00 Intro

01:35 What’s Driving the Possibility of Recession?

04:07 Inflation & Stagflation

08:32 Monetary Policy & Interest Rates

09:44 Reinsurance, the Non-Correlated Asset Class?

14:03 Increases in Insurance Fraud During Economic Recession

15:13 The Link Between Insurance, Insurers, & the Economy

19:43 What Happens When Insurance Prices Rise

21:01 What Should (Re)Insurers Do in a Recession?

22:36 Lines of Business Affected by an Economic Downturn

26:15 Claim of the Week

30:11 The Elasticity of Demand for Insurance

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