The report highlights that insurers are cautiously optimistic having emerged from the difficult environment that has characterised the past few years. However, the path forward will not be easy, with continued low yields on investments, price pressure on premiums, and a rise in the frequency and severity of extreme weather events.
Moreover, the industry must tackle these issues in the face of numerous new and proposed regulations demanding change and a reshaping of the business models of a traditionally conservative industry. What’s more, insurers are under mounting pressure to move forward with their digital strategies.
In this survey, insurance executives share the confidence of their peers regarding the prospects for the global economy, their home country and their own industry. They also provide insight into the trends shaping the insurance industry and the path to profitability for the leading players.