Finance and insurance for the global economy

The Milan roundtable focused on ongoing transformations that link the finance sector with that of insurance companies in the vastly changed global scenario, especially in consideration of newly emerging economies. Particular attention was paid to the tricky issue of export credit insurance, a sector seriously affected by this changed environment. In the current international context, new players are constantly appearing and value systems have to cross national boundaries. This can present difficulties for the financial and insurance system: the growing importance of logistical problems; infrastructural obstacles to production; strong specialization in every area of production (with relative improved efficiency, but also greater individual risk); subjection to great and greater risks for single products; broad and diverse financial risks such as in exchange rates, insolvency, lack of cash flow, and so on.