An International Insurance Society survey of 400 insurance executives found economic issues and regulation dominate the concerns of a cross section of the industry.
The IIS surveyed attendees from 36 countries during its recent meeting in Seoul finding that 31 percent of respondents believe competitive price/adequate profitability is the top issue they face followed by 18 percent saying asset/liability management is a top concern. Multiple/inconsistent regulatory standards were third on the list at 14 percent. Thirty percent say the greatest threat they face is regulatory challenges followed by 20 percent saying it is capital constraints.
The respondents were a mix of mostly life lines companies and non-life companies—35 percentand 31 percent, respectively—and 26 percent calling themselves most lines operations.
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