What risks do insurers worldwide face in the current climate and how are they prioritising them?
PwC presents the results from our biennial survey: Insurance Banana Skins, which examines risks facing the industry, and includes insights from over 660 insurers, regulators and close observers of the industry across 54 countries. This survey has been produced with the Centre for the Study of Financial Innovation (CSFI) and is aimed at senior executives in the insurance sector.
The survey found the following for the Irish sector:
Looking across the 27 different ranked risks, some interesting differences emerge comparing the Irish perspective to the global view. The following are some notable differences:
|Higher concerns compared to global counterparts||Ireland||Global|
|Lower concerns compared to global counterparts||Ireland||Global|
|Quality of risk management||15||7|
|Quality of management||20||8|
To understand how the Insurance sector in varying territories is responding in the current climate download the full Insurance Banana Skins report.