A shortage in talent among underwriters, Russian cyber hacking, and trade wars are just a few of the concerns that are on the minds of brokers, as well as small and medium-sized enterprises (SMEs) as they consider the future of insurance, according to a mid-year report from Argo Group that surveyed professionals on the shifting insurance landscape, how they think changes in the industry will impact them, and how they plan to respond.
The comprehensive survey touched on many of the pressing issues facing the global insurance industry, from cyber risks to artificial intelligence, and blockchain to climate change. Alongside these factors, the insurance industry is preparing for internal turmoil as it faces a talent shortfall, as stated in the report. Specifically, 54% of brokers say the role of the underwriter is the one that will see the biggest gap in talent in the coming five years.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.