Insurance Growth Report Balancing risk and reward 2020 - Part 1 / 3
The outlook for the insurance industry is finely balanced. The green shoots of market hardening that appeared in 2018 appear to have taken root in 2019.
Losses from natural catastrophes were down. And innovative technologies that promise benefits across the entire re/insurance value chain are maturing.
But challenges remain. Political and economic headwinds are strengthening. Growth forecasts are moderate at best. Loose monetary policy shows little sign of easing, maintaining pressure on investment returns. And the impact of climate change is increasingly obvious, making the risk outlook more difficult to predict.
Against this backdrop of increasing complexity, re/ insurance businesses around the world are looking to balance the risks they face by pursuing the right opportunities to deliver growth.
Certain insurance classes will take a hit while others will have time to recover, consumer behaviour will radically change the rules of engagement for insurers and brokers, and accelerate digital transformation
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