This is not a good time to be trying to predict with accuracy how the insurance industry will fare in the wake of the 2016 elections. Much remains unknown.
One factor that will come into play is the extent to which President-elect Donald Trump differs on some specific issues from the Republican Congress. Usually, when the same party holds the presidency and majorities in both houses of Congress, the picture is clear. This time, Trump's inexperience in the political arena makes the insurance industry's future uncertain.
|An altered landscape
Controlling both houses of Congress, Republicans are likely to concentrate on reducing regulations, cutting taxes and generally pursuing business-friendly policies that promote economic growth. Trump, a businessman, can be expected to support these broad goals.
Under this rubric, an issue such as tax reform should be a no-brainer. Another area in which change is likely to proceed smoothly is the effort to roll back portions of the Wall Street Reform and Consumer Protection Act (Dodd-Frank).
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