Top insurance industry issues in 2017

Ongoing changes in technology, demography, and consumer needs and expectations continue to disrupt the insurance industry. Combined with recent regulatory and financial reporting developments, these changes are putting severe strain on traditional business models. Many insurers are responding by reimagining their internal operations and business strategies, but the pace of change outside the industry has been relentless and even proactive companies are struggling to remain on the cutting edge. Top Insurance Industry Issues in 2017 focuses on changing business and operating models and the key developments that are causing and being influenced by this change, including:

  • Technological innovation, including how InsurTech and artificial intelligence can reduce costs, increase efficiencies, improve service, and benefit the bottom line;
  • ERM;
  • Core systems, including data and Cloud developments;
  • Regulation, in particular the DOL fiduciary rule;
  • Financial reporting, which is contributing to finance and actuarial modernization;
  • The deals environment; and,
  • Tax.

Individual top Issues sections will be available from early January 2017. The full report will be available by early March 2017.

insurance issues

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Eric Trowbridge
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