Insurers should start tackling a quartet of long-term challenges likely to prompt transformations in how the property and casualty industry does business, both internally and externally.

Insurers should start tackling a quartet of long-term challenges likely to prompt transformations in how the property and casualty industry does business, both internally and externally.

Insurers should fasten their seat belts, because it could be a bumpy ride ahead when it comes to global economic trends and emerging exposures in 2015.

The Internet of Things has the potential to revolutionize the insurance industry, yet that doesnt mean implementing and monetizing this tremendous opportunity will be easy or without significant challenges for carriers.

Carriers never seem to be comfortable with the level of catastrophe claimseither there are way too many or far too few. This Goldilocks mentality makes me wonder what level of disaster losses would be just right for the industrys bottom line.

Fear is an incredible motivator when it comes to risk managementjust look at how fast were moving to mitigate the Ebola exposure! I just wish we had the same sense of urgency about much bigger, but harder to manage threats.

A long-term informational campaign launched by leading insurance education groups to raise awareness about careers in the industry is a good start towards recruiting more young talent into a business starved for new blood.

Rather than getting caught up in the hype over new sources of Big Data, many insurers should instead consider going back to basics and reinvent their entire information management approach to get the most value out of the treasure trove of material theyve already been collecting for years.