INTRODUCTION
Embarking on 2024, the insurance industry stands at a pivotal juncture. Following a year of profitability driven by increased investment returns, higher interest rates, and premiums in 2023, the industry is confronted with a fresh set of challenges as economic forces slowdown and megatrends such as complex geopolitical risk, technological advancements, and increased cyber-security risks reshape insurers’ operational strategies and challenge established risk and profit models.
In our latest Outlook, we explore five pivotal themes that will shape the insurance landscape in the coming year. We provide critical insights to empower business leaders in successfully navigating the complexities that lie ahead.
2024 Insurance Themes:
- M&A Activity Expected to Rebound
- Business Model Innovation to Accelerate
- Adopting ‘Digital by Default’
- Embedding Data and Artificial Intelligence
- Operational Resilience to Become Centre Stage
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