Think Tank - The Geneva Association: Credit Crisis and Insurance – A Comment on the Role of the Industry
Source: Asia Insurance Review | Jan 2009
Last year, when some banks and financial guarantors began running into severe (and in some cases ultimately bankruptcy-triggering) shortages of liquidity, The Geneva Association wondered about the risks that this financial crisis might pose to the insurance industry. Mr Patrick M Liedtke of The Geneva Association tells us what they found out and also notes that while the crisis is creating havoc in the world economy, most insurers have been more resilient.
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