@Alex Towle.
“You have not only the obligation to the organisation to exercise risk parameters, but to also exercise opportunity.”
That was the opinion of Shawn Bengtson, Chief Risk Officer for Woodmen Life Insurance, at the Insurance Investor Live | North America event, held in December.
Investors like Bengtson are playing the market for money as policy uncertainty, affected by political rhetoric, has hit record highs, according to research done by Alejandra Grindal, Chief Economist at Ned Davis Research.
According to Grindal, it hit a record high in April, when the Trump Administration announced “Liberation Day”. Now, months later, “uncertainty has fallen”, but it remains higher than during the pandemic, she said.
Grindal said that this matters less when the economy is faring well, but when the economy is moving toward recession, the uncertainty matters a whole lot more.
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