According to the latest PwC report, "Broking 2020: Leading from the front in a new era of risk," the risk of loss is likely to increase in the coming years. With the globalized nature of the economy creating vulnerable supply chains, and a growing reliance on technology that introduces a new array of risks, the risk environment can no longer be managed through traditional approaches.
Complex challenges require a comprehensive risk facilitation leader to educate, promote and coordinate solutions across a range of stakeholders, including corporations, insurance and reinsurance companies, capital markets and policymakers around the globe.
So what does this mean for brokers? Protecting against a new breed of emerging risks will require coordination across the board. As the traditional intermediary in the risk transfer chain, brokers are positioned to identify and develop innovating solutions.
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