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This PowerPoint report, presented by Steven Weisbart, vice president and chief economist of the ̽»¨¾«Ñ¡ Information Institute, at the 19th Annual Executive Conference for the Property/Casualty ̽»¨¾«Ñ¡ Industry of New York, provides facts and analysis regarding the growth in the elderly population in the United States in the coming decades and the implications of this development for the property/casualty insurance industry.  The presentation shows that the Census Bureau’s population projections are likely too low, and that not only will there be more elderly than have been projected, but they are more likely to drive cars and remain in the workforce.  Charts show vehicle accident rates by drivers’ ages and workplace accident and death rates by age—implying more auto liability payouts and higher workers comp costs from a larger and more active elderly population.  The presentation raises questions about the extent to which property/casualty insurers will adapt their distribution, customer service, claims, and other functions and processes to better serve this fast-growing population segment.

The following presentation is called "The Aging of the U.S. Population and the Property-Casualty ̽»¨¾«Ñ¡ Industry". It was presented by Dr. Steven N. Weisbart on November 8, 2007.

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