What are the most critical economic, financial, and operational risks facing insurance companies in the US? Insurance company executives shared their responses in the 2013 edition of Insurance Banana Skins, conducted by the Centre for the Study of Financial Innovation (CSFI) and sponsored by PwC.
The greatest risk currently facing the insurance industry comes from the wave of new regulations which are being introduced at international and local levels according to the latest Insurance Banana Skins survey. The fragile economic environment and subdued investment performance also remain high on the list of concerns.
Managing these challenges is clearly a critical boardroom priority, but there is a risk that by solely focusing on these recurring issues insurers could miss other threats and opportunities coming up over the horizon.
PwC is proud to present the Insurance Banana Skins results which examines risks facing the industry and includes insights from over 660 insurers, regulators and close observers of the industry across 54 countries. We hope that this report will provide insights into the multitude of risks insurers face across the world and focus attention on addressing risk throughout an organization.