Insurance Banana Skins

What risks do insurers worldwide face in the current climate and how are they prioritising them? PwC and the Centre for the Study of Financial Innovation collected responses from industry leaders to learn what they see as the biggest threat. The virtually unanimous conclusion was regulation. What other risks do insurers face and what are they doing about it?

Insurance Banana Skins 2011: The CSFI survey of the risks facing insurers

PwC's Insurance Banana Skins series, February 2011

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.

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. To read the press release, click here

Highlights:

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

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)
 

Previous issues

Feb 2009 Insurance Banana Skins 2009