The Annual Insurance Executive Conference, held Dec. 17 and 18 in New York, had sessions on a range of insurance topics, from the global regulatory landscape to big data to social media and its effect on insurance. One particularly interesting session focused on emerging markets (EM). On hand to speak to the opportunities and risks within EMs was Rodney Lester, senior consultant with the World Bank.
In Latin America, increased economic development and improvements in wage levels and living standards has made capitalizing on this region a necessity, not a luxury, for insurance organizations. This session gave attendees a comprehensive update on the high potential of emerging insurance markets in Latin America and insight to the challenges of other emerging markets, including China and East Asia.