Insurance is a business that promotes and demands resilience, and 2020 was a year-long case study in our industry's ability to respond rapidly to new challenges from a firm financial foundation.
Triple-I's virtual Joint Industry Forum (JIF) provided many examples from a range of industry and academic leaders, along with insightful discussions about what the industry faces in the near and longer terms.
At the 2020 JIF in New York City, it was clear from our various panels that the industry had a full plate of priorities for the year ahead.
Then came COVID-19, and a whole new set of public health and economic concerns was added to the existing exposure mix.
The virus brought a strong economy nearly to a halt; while officials assessed and responded to these threats, civil unrest on a scale not seen since the 1990s broke out on the streets of many cities; historic and near-historic weather and wildfire activity descended on communities whose resources were already strained by the pandemic.
