The insurance and reinsurance industry is facing multiple challenges – from climate change fuelled losses topping US$100bn to the growing risks of cyber crime and global conflict. The sector’s role is getting tougher as it helps clients to gauge and handle new threats while managing their own balance-sheet exposure. 

As we approach the middle of the 2020s the industry remains remarkably resilient to market pressures while it navigates an increasingly uncertain world of geopolitical, economic and technical disruption. And, despite rising costs, it has strengthened its financial performance, leading major ratings agencies to revise their outlook for reinsurance upwards. However, with firms facing a shortage of talent, they urgently need to take steps to attract and retain the best staff. 

The PwC Insurance Summit was presented with the Financial Times and brought together more than 300 industry leaders and professionals to explore the trends and the strategies required to adapt and thrive in the fast-evolving insurance and reinsurance industry. 

Unrivalled global c-suite line up

Moderated by PwC and prominent FT journalists Ian Smith and Robert Armstrong, sessions included an unrivalled line-up of c-suite speakers, influential game changers and global thought leaders. Delegates heard from the top decision makers from the world’s largest insurers and reinsurers as they discuss both the challenges and the opportunities for the industry.

• What are insurance leaders doing to address the emerging property insurance crisis caused by climate change? 
• Why does insurance matter? How can we improve affordability and access to insurance products and close the NatCat protection gap? 
• How is the sector adapting to a new era of uncertainty and risk? 
• How is AI a game-changer for the sector? 
• Should the industry take a longer-term view on pricing? And how do you incentivise new pricing models? 
• How is the Life Reinsurance sector addressing the pension protection gap, rising interest rate environment, and other challenges?
• Is the industry doing enough to respond to developments in the cyber market?
• Is the property catastrophe reinsurance market turning harder?
• Have catastrophe bonds come of age?
• Are casualty insurers through the worst of the reserving?
• How is the sector responding to growing demand for ‘captive insurers’?
• How do you build a truly inclusive organisation where talent thrives?

*CPE credit available.

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