2024 is a massive election year, not just for the US presidential election but global elections as well. Some might be surprised that elections can significantly affect the economy and insurance market.Elections play a pivotal role in shaping the insurance market, as policy decisions, economic shifts, and regulatory changes driven by newly elected officials can have far-reaching consequences. In addition, societal behavior and civil unrest can increase the risks to personal and commercial elements. This article will explain how elections impact the insurance industry, and highlight the effects on policy, economic conditions, and market stability.
