Together with the Centre for the Study of Financial Innovation (CSFI), we interviewed 927 practitioners, regulators and observers of the insurance industry across 53 territories, to understand what they see as the biggest threats and how they are prioritising them.
The overall tone of the responses this year was more negative than the previous survey in 2017. This pessimism is due largely to a rise in operating risks; most notably advances in technology, and political and regulatory risk which could impose constraints on the industry.
Insurance Banana Skins is a piece of research conducted by the Centre for the Study of Financial Innovation (CSFI), an independent think tank, in association with PwC. It's a survey of insurers and seeks out their views on current risk and future trends.
This year’s survey has produced striking changes in the ranking of some 'Banana Skins' or risks, reflecting shifting perceptions of risk in a difficult market.
Global Insurance Leader, Partner, PwC United Kingdom
Tel: +44 (0) 7841 562 560
Partner, PwC United Kingdom
Tel: +44 (0)7702 677 654