We use two words a lot when describing the characteristics that define a speedy and efficient modern day insurance operation, from underwriting and pricing to claims, reserving and reporting – flexible and agile.
Unlock More
About This Series
That’s because insurers will have to deal with the pluses and minuses of an insurance operating environment that promises new and challenging regulatory and reporting requirements, shifting demand and distribution, a need for creativity in investment and asset strategy, and a constantly changing basket of risks – and opportunities – over the next few years.”
Climate change presents a cocktail of all those, as the emphasis shifts from not just assessing and covering natural catastrophe risks, but reporting in detail on longer-term organisational climate risks and contributing to a lower carbon economy transition. Cyber and political risks are other examples of emerging risks with strong potential upsides and downsides for insurers.
