Geopolitics, AI and agility are among the key opportunities and barriers to the insurance sector’s growth, according to chief risk officers (CROs).
How the insurance sector can grow and navigate a volatile risk environment will be discussed by CROs at InsuranceERM’s upcoming Insurance Risk & Capital EMEA conference.
The conference will be held at the Hilton London Tower Bridge hotel on 2 December in London. It will provide a platform for chief risk officers, chief actuaries and chief sustainability officers at re/insurers to exchange views and ideas.
According to CROs speaking on a panel at the event, insurers will need to have agile strategies, so they can thrive in an increasingly interconnected risk environment.
This will require a careful balancing act of making sure risk appetites are compatible with growth strategies, the CROs said, and robust risk frameworks are needed to manage change and transformation.
The CROs also noted specific actions are needed to make sure insurers stay relevant and meet ever-evolving customer needs. They highlighted an increasing shift towards more personalised and embedded insurance products.
At the conference, the CRO’s will delve deeper into the growth barriers and opportunities for the industry, and also explain how the risk function can position the organisation for sustainable growth and success.