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The insurance industry is undergoing fundamental transformation as it comes up against the impact of new regulation, new technology, accelerating shifts in consumer demand and mounting competition from InsurTech players. In the face of so many disruptive challenges, it’s important not to lose sight of the huge opportunities they’re creating for insurers. Our substantial insurance client base has allowed us to develop a team of insurance partners, directors and managers whose primary focus is the insurance industry, serving local and international Life, General and Captive clients. As the industry consolidates regionally and adjusts to stricter accounting and regulatory regimes, we have a team of dedicated insurance professionals with the knowledge, training and expertise to find the solutions that our clients demand.
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PwC’s Stephen O’Hearn (Global Insurance Leader) provides his insights on what to expect for the insurance industry in 2020.