The finance and insurance industry has undeniably seen a turbulent few years, yet given the underlying conditions, many are surprised at how resilient these institutions have been. With many countries’ economies being challenged by rising inflation rates and market instability, the financial sector saw both money and investment opportunities dry up. Many core elements of the industry have been able to continue as local governments combat instability with fiscal policies. For example, government programs intended to ease financial pressure on people helped keep bank accounts and insurance policies open, while financial support to corporations has ensured at least some investment opportunities remain. The core logic is that, for there to be any form of rapid economic recovery once the current economic instability is over, the existence of a functioning financial system is a necessary condition..
