Along with the global economy, the Crown Dependencies continue to be affected by a year of ongoing change caused by geopolitical tensions and economic challenges. CEOs and Boards continue to face an evolving landscape with new domestic and international regulations.

With swirling changes across the industry, we surveyed 134 insurance CEOs as part of the KPMG 2022 CEO Outlook, to gather their insights and perspectives on how to remain relevant and ahead of the competition by navigating through key topics impacting the insurance industry over the next 3 years.

  

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The KPMG 2022 Insurance CEO Outlook

Discover key trends impacting the insurance sector and priorities for the next 3 years.



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90 %

Percent of insurance CEOs believe a recession is likely in the next 12 months

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87 %

Indicated confidence for growth prospects in the industry versus their own organization

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77 %

Have a strategy in place to drive digital transformation to remain relevant and competitive

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59 %

Are seeing increased demand from stakeholders for reporting and transparency on ESG issues

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77 %

Believe that their organization is under extra pressure to increase reporting of global tax contributions

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78 %

Believe they have a responsibility to drive greater social mobility

(Source: KPMG 2022 CEO Outlook, KPMG International, October 2022)

As the insurance industry copes with rising costs, global political and economic uncertainty, new laws and regulatory guidance and rapidly changing operating models, the ability to anticipate change and effectively adapt to it quickly and early is as important as ever. Insurers should prepare for these uncertainties and anticipate the change that will likely continue.




Laura Hay
Global Head of Insurance
KPMG International

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Matt Hills

Matthew Hills

Associate Director, Insurance Advisory

KPMG Crown Dependencies

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