Can Insurers Be At Least A Bit Optimistic On Inflation?

In this webinar with ITL Editor-in-Chief Paul Carroll, Dr. Michel Leonard, head of the Insurance Information Institute's Economics and Analytics Department, lays out the Triple-I's latest thinking on the perplexing problem of inflation.

Can Insurers Be At Least A Bit Optimistic On Inflation?

-- Inflation is headed back toward its long-term level of 2-3% but not as quickly as the Fed has suggested.

-- Inflation is increasingly limited to energy, so the disproportionate effect on insurers (via soaring replacement costs) is waning.

-- A generational shift in wealth will make inflation more volatile, including stretches where it could be 3-4%.

-- And more, including thoughts on student debt forgiveness and on who benefits from inflation.

Date: September 22, 2022

Time: 1:00 pm EDT

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About the Speakers

Paul Carroll

Paul Carroll is the editor-in-chief of Insurance Thought Leadership.

He is also co-author of A Brief History of a Perfect Future: Inventing the Future We Can Proudly Leave Our Kids by 2050 and Billion Dollar Lessons: What You Can Learn From the Most Inexcusable Business Failures of the Last 25 Years and the author of a best-seller on IBM, published in 1993.

Carroll spent 17 years at the Wall Street Journal as an editor and reporter; he was nominated twice for the Pulitzer Prize. He later was a finalist for a National Magazine Award.

Michel Leonard

Michel Leonard, PhD, CBE is vice president, senior economist and data scientist, head of the economics and analytics department of the Insurance Information Institute.

Dr. Leonard brings more than 20 years of insurance experience to Triple-I, including senior and leadership positions as chief economist for trade credit and political risk at Aon; chief economist at Jardine Lloyd Thompson; chief economist and data scientist at Alliant; and chief data scientist at MaKro LLC. In these roles, he worked closely with underwriters, brokers and risk managers to model risk exposures for property-casualty and specialty lines such as credit, political risk, business interruption and cyber.

Dr. Leonard also currently serves as adjunct faculty at New York University’s Economics Department. Previous academic appointments include adjunct faculty in NYU’s Center for Data Science and adjunct faculty at Columbia University’s Data Science Institute and Statistics Department.

He holds a bachelor of arts degree from McGill University, a master's in theological studies from Harvard University and master of arts and doctorate of philosophy degrees in political economy from the University of Virginia, focusing on qualitative and quantitative risk modeling. He is a member of the Insurance Research Council advisory board.