IIS Executive Insights Life & Health Expert: Ronald Klein, Executive Director, BILTIR
The Three-Legged Stool
In the 2022 Global Priorities Survey, insurance executives across the industry reported the top external and internal priorities that their companies are focused on addressing this year. Some priorities from last year’s survey remained: climate change, competition for talent, cyber and data security remain top issues for insurance companies in 2022. However, concerns over inflation, recession, and geopolitical conflicts have spiked this year just as the focus on the pandemic recovery has begun to recede.
New climate regulation represents a step change for insurers — but also, a commercial opportunity. At Oliver Wyman, we are helping insurance leaders on all aspects of sustainability strategy to meet climate requirements and fuel new products and services. Our new perspective shares the foundation teams need to get started.