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Commentary

Insurers can't afford to wait for rising interest rates to shift gears

Carriers may have to consider some major adjustments in their business, operating, and investment strategies to maintain, let alone grow, their bottom lines in this Waiting for Godot environment.

By Sam J. Friedman | Updated on August 05, 2016
Specialists Dilip Patel, left, and Glenn Carell work at a post on the floor of the New York Stock Exchange, Wednesday, July 27, 2016. The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished. (AP Photo/Richard Drew)

In “Waiting for Godot,” the absurdist play by Samuel Beckett, two men are left in limbo for what feels like eternity as the title character fails to materialize.

That classic, frustrating scenario is being played out in the world of insurance, as carriers continue to scan the macroeconomic horizon in vain for some sign that significant interest rate hikes may finally be on the way to bolster their sagging investment prospects and bottom lines.

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