Insurance challenges and opportunities of the future
Saturday, 05 27 2017, Category: Insurance and Reinsurance, Country: World
As the re/insurance industry enters an era marked by shifting inner dynamics and fast-paced changes to macroeconomic conditions, EY analysts have outlined the unique challenges and opportunities set to create the market of the future.
EY said the key long-term determinants of this changing scape were down largely to demographic shifts, policy decisions, macro-economic variables and technological innovations.
Technology, life insurance, and a potential revival of macro economic growth are said to be the major growth areas, while growth deterrents include low-interest rates, macro economic uncertainty, climate change placing a question on the industry’s long-term viability, changing talent requirements, and political risk.