Adaptation of the insurance industry

This lesson will explore how the insurance industry adapts to meet the needs of society. Students will investigate the need for insurance in a developed society by postulating what would happen in a world without insurance. They will discover how destruction caused by natural disasters could impact individuals, businesses and society as a whole. A case study is utilised in this teaching resource to explore, in a real-world context, how the insurance industry has adapted over the last 100 years to meet the needs of society. Students will then apply their work from the case study to make informed predictions about the future of the insurance industry.