When over 30 top insurance executives gather in the same place to share views on key industry challenges, you expect to hear complaints about terrorism risks, natural catastrophe losses and pandemics keeping them up at night, but it was clear here that more traditional threats are still just as likely to prompt insomnia among CEOs.
Indeed, at the recent World Insurance Forum here, regulatory obstacles, return prospects and the viability of the business were clearly on the top of everyone's mind.
Such meat and potato operational concerns are not specific to the insurance industry, according to Samuel DiPiazza, global chief executive officer of PricewaterhouseCoopers. His firm's recent survey of 1,400 CEOs from all types of industries across the world revealed that as they look across borders for opportunities to access new markets, CEOs are most worried about inconsistent regulations.
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