What do you see as the biggest risk and opportunities in insurance? KPMG is hoping that all insurance industry players will weigh in, and ideally create a better risk model for the client.
“With risk comes opportunity,” says Paul Cleveland, vice president of insurance advisory services with KPMG. “That’s why it is important that we get people involved and learn what they are thinking about, however they participate in the industry; whether they are on a board of directors, an operation person in an insurance company, versus an actuary or a broker. They all have different perspectives on risk, but I think at the end of the day, when they all come together, the important thing is that we have to get it right for the customer.”
It is the second annual Canadian Insurance Industry Risks & Opportunities Survey, which is now available online. This time around, KPMG is asking what insurance professionals see as the biggest risks and opportunities in the industry; and what stage their organization is currently to either mitigate the risks or capitalize on the opportunities.
KPMG is looking to see if there has been a shift in trends and insights into the key issues the insurance world is experiencing, Cleveland told Insurance Business, and will examine those findings at the company’s 23rd annual insurance conference in December.
“The devil is in the details,” says Cleveland, “and it is imperative that we get people involved.”
You can participate in the survey by clicking
here. All responses will remain confidential, says Cleveland, and will only be reported on an aggregate level.
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