Investors demand everything from growth to investment in technology to diversity these days, and industry CEOs will have it tough in 2019. It is no wonder that the new year’s resolution of some execs is to retire.
“If there were industry-specific themes to be devised from the responses they revolved around rates hardening and better underwriting profits.”
The trend of consolidation will continue through 2019 as more companies seek efficiencies of scale and the size and breadth to compete globally. But the industry will continue to invest in insurtech ventures while also examining the books more closely than ever and withdrawing from unprofitable lines of business.
Those are the main expectations of respondents to Intelligent Insurer’s annual year-end survey of online readers designed to assess their views on the year just gone and their expectations and hopes for the next one. While the run up to the year-end renewals can be a frantic time for many in the industry, it also offers an insightful snapshot of their mindsets at this point in the year.
Insurtech, ILS, Technology, CEOs, Growth 2019, Global