2018 Insurance Outlook: Shifting strategies to compete in a cutting-edge future
Description
In preparing our annual insurance outlook, we recognize that most insurers remain focused on two overarching goals: growing top-line sales while bolstering bottom-line profitability. Standing in the way of insurers achieving these objectives are a wide range of challenges. Not all of them are within the industry’s control, such as rising interest rates and catastrophe losses. But how effectively insurers anticipate, prepare, and adapt to their shifting circumstances, both strategically and operationally, is well within their control, and can help differentiate them in the market.
In this report we pinpoint key opportunities and threats that should demand attention from insurers over the next 12-to-18 months. We’ll look at why it could be important for companies to address each of these issues sooner rather than later, include examples of how these developments seem to be already impacting the market, and offer suggestions on what could be done to respond proactively.
Research notes
Authors
Sam Friedman
Insurance research leader
Deloitte Center for Financial Services
Deloitte Services
LP +1 212 436 5521
samfriedman@deloitte.com
Michelle Canaan Research manager, insurance industry
Deloitte Center for Financial Services
Deloitte Services LP
Contributing author
Nikhil Gokhale
Research manager, insurance industry
Deloitte Center for Financial Services
Deloitte Support Services India Pvt. Ltd.