Insurance Banana Skins 2011

"Insurers’ attention has clearly changed... to gain competitive advantage, insurers need to move the regulatory burden away from a box-ticking exercise to something that is embedded in the business and used to manage the changing risk profile."

David Law, global insurance leader at PwC

 

PwC has joined forces with the Centre for the Study of Financial Innovation (CSFI) to explore what risks insurers face and how they prioritise them.

Insurance Banana Skins 2011

 

Download publication.

The research questions insurers on three areas: current risks, future trends, and their preparedness to respond to the risk environment.  It shows how the life, non-life, reinsurance and London Market sectors differ in outlook and provides valuable insights into the risk concerns at the top of the boardroom agenda.

Read the press release.


Highlights:
1.    Regulation is top of the list
2.    Talent, a new entrant, went straight in at number 6
3.    Only 5% respondents (3% for the UK) feel the industry is well prepared to face the risks identified
4.    Capital and Investment performance are still high on the agenda

Top risks:
1.    Regulation (from 5th position in 2009)
2.    Capital (from 3rd position in 2009)
3.    Macro-economic trends (from 4th position in 2009)
4.    Investment performance (from 1st position in 2009)
5.    Natural catastrophes (from 22nd position in 2009)

Download Insurance Banana Skins 2011