In an unpredictable operating environment characterized by geopolitical tensions, high inflation and rising costs, CEOs continue to face an array of challenges and opportunities. With change becoming almost a constant, KPMG International surveyed 128 CEOs to gain a deep insight into their views and perspectives on the industry and wider economic landscape now and over the next three years.
The picture that emerges is one of overall confidence about the path ahead, but tempered by warning lights that mean caution is also required. According to insurance CEOs, political uncertainty due to ongoing regional tensions has become the top threat to organizational growth over the next three years, followed by emerging/disruptive technology risks and interest rate risk. Inflation has risen and interest rates have moved on an upward curve. Technology is disrupting traditional strategies and leaders will need to remain resilient to keep insurance firms moving progressively forward on the journey of change and transformation that they are on, especially with new developments like generative AI holding so much potential to reimagine aspects of how insurance businesses can operate.
Download this latest report to take a detailed look at what insurance CEOs have to say about the key trends impacting the industry in an ever-evolving market.
