Energy from oil is becoming increasingly difficult to obtain at reasonable prices. This has many implications for insurance companies. One issue is that high oil prices are closely linked to recessions. Recession can be expected to affect virtually every line of insurance, from auto to mortgage guarantee. Recession can also be expected to have an impact on future investment earnings.

Another issue is that high oil prices stimulate many responses, from drilling in more risky locations, to uses of alternative energy sources such as electric cars and solar panels on businesses and homes. Other examples include consumer behavior that changes loss costs such as miles driven and unsafe home heating. All of these marketplace changes demand responses by insurers.

In this session, the speakers will explain these issues and the implications for insurers more fully.