私醫聯招 英文歷屆試題｜第 32 題

Up until now, the U.S. insurance industry has achieved growth simply by focusing on the large domestic market. However, a continued growth in the coming years will likely require an expansion to international business. In the next decade, we should see a number of changes in the structure and operations of life and property insurers in particular. The domestic market may be slowing down. However, with world markets continuing to open up, there are increased market opportunities for U.S. companies overseas. Already enjoying a solid international reputation, the U.S. insurance industry should be in a good position to gain a competitive advantage over foreign rivals. More advanced technological developments should also lead to increased efficiency and productivity throughout the industry. In summary, new products, reduced costs, and a focus on international market will lead to a more competitive U.S. insurance industry. This should spell good news for both insurers and customers alike.