Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NU Online News Service, May 20, 3:11 p.m. EDT

ORLANDO, FLA.–Insurers must be bold in the recession and not let fear govern their decisions during the economic downturn, futurist David Smith told an industry conference here.

In a keynote address at the ACORD-LOMA Insurance Systems Forum, Mr. Smith, chief executive officer of Global Futures & Foresight, said the worst thing insurers can do in this economic downturn is fire talent, cut back on technology investments, reduce new product development, and replace growth-oriented CEOs with cost-cutting CEOs.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.