14 November 2017 Insurance

Insurers worry on pricing and excess capacity

Flaspöhler, part of NMG Consulting, conducts an annual, global survey of brokers and insurance executives designed to illustrate the competitive positioning of reinsurers and respondents’ main concerns in a rapidly changing industry. Here, we reveal the top challenges reported by insurance executives across Latin America.

As part of its most recent study, Flaspöhler | NMG Consulting asked insurance executives across Latin America to provide their view of the “greatest challenges” facing their industry (and thus their organisations) today.

Their main concerns related to pricing, excess capacity, and competitive intensity generally dominate as the greatest challenges facing insurers in Latin America.

The capacity to innovate is seen as a necessary and major challenge by one in eight, while a further 6% of insurers identified product innovation as a key challenge.

The word cloud (shown below) provides a unique high-altitude perspective, that draws out common themes in an aesthetic which is easy to digest. The more often a word/phrase is used by respondents, the larger it appears in the cloud.

While word clouds can never provide the statistical accuracy of coded and counted responses, they can illustrate subtle differences between answers of similar but different responses, as well as provide helpful insights into the overall tone of responses.

For readers who prefer a more traditional way of viewing the information, we have also supplied a bar chart.

Word cloud

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk