Red Alert: The Second Wave of The Financial Tsunami

A lot of back ground chatter increasing on this issue. We are in for a W double dip. No positive sentiments whatsoever our there, it’s bear. Watch insurance companies. Their investment income has all but evaporated, underwriting profits sliding [significantly for some companies], commercial policyholders going bust or scaling back cover meaning less premium income for insurers, claims rising significantly, insurer cost base under pressure [S for synergies, meaning job losses]. Many insurers face challenges trying to retain customers [consumer pressure for lower insurance costs/rates against evaporating underwriting profits]. Only those insurers with disciplined business models will pull through this second wave and it’s after shocks. I highlighted the second wave recently