Navigating Protectionism in Insurance

This chapter critically examines the effects of protectionism in the insurance sector, contrasting local-focused companies with those embracing competition. It addresses the delicate balance between profit motives and social welfare, including concerns from older policyholders about rising premiums and coverage gaps. Additionally, the conversation highlights the impact of market changes, such as mergers and new entrants, while emphasizing the importance of corporate social responsibility alongside financial objectives.