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Write an essay on the current event topic: Is the insurance industry as systemically important as the banking industry? Include a discussion that compares and contrasts the insurance industry and the baking industry

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Write an essay on the current event topic: Is the insurance industry as systemically important as the banking industry?

• Include a discussion that compares and contrasts the insurance industry and the baking industry.
• Include a discussion of how systematically important financial institutions are determined, why this category is important to measure, and other aspects relevant to the topic.
• Present and analyze the different positions among professionals on the insurance industry being as systematically important in the U.S. as the banking industry.
• Develop an informed position on the question posed in this assignment.
• Clearly state and support your position: Is the insurance industry (or certain insurance firms) as systematically important as the banking industry. There is not a right or wrong position. Grading will be based on clear, complete analysis that is well-presented.

Follow the rubric below for 3a, the Essay.

1. Minimum length of 1500 words. Maximum is 2000 words.
2. Spacing may be 1.5 or 2.0.
3. Consider the use of headings to guide the reader on content.
4. Be sure to include citations in the body of the paper with APA format.
5. Grading rubric is below.