ISE 2012: Europe should prepare for the worst
- Stephanie Denton
- 23 Mar 2012
- Be the first to comment
European insurers should prepare for the worst but hope for the best according to Chris Smith, global Europe director for RSA.
Closing Insurance Strategy Europe with a presentation on the future of Insurance in Europe smith, pictured, told delegates that if insurers were prepared then the future depended on how full their glass was.
He explained there were ongoing problems including increasing nat cats and an ageing population but that insurers need to focus on being sharper and more agile into order to survive and use customer insight to develop products.
He said: "We must keep asking is insurance relevant? Are we the museum of the future?"
Smith added: "There can be a great future of the European insurance industry but we must think globally, be proactive with the customer, apply a tactical approach and attract talent. We should hope for the best but prepare for the worst."
Latest news
You may also like
Latest white papers
Updating your subscription status 
Video: Insurance claims in Asia - An interview with Rudolf Frei
What is the claims environment like in Asia? What are insurers doing to manage increasing claims costs and is there sufficient expertise in the market to handle future claims?
James Portelli
Middle East blog: Poacher turned game keeper
Francesca Nyman
Middle Eastern Promise
World Insurance Report 2013
Capgemini and Efma are pleased to present the sixth edition of the World Insurance Report (WIR). This report looks at the channel and other preferences of insurance customers by analysing data from Capgemini's Customer Experience Index (CEI).
Designing an international insurance programme
Designing a multinational insurance programme is a complex undertaking. However, the right strategy and tools help optimise performance and boost bottom-line results. This Aon Benfield article addresses the key challenges to overcome, including cultural issues, regulations, business process management and risk.
Lloyd's country profile: Singapore - September 2012
Country Profiles provides individual summaries for Lloyd's key territories. These profiles contain factsheets on the economy, insurance market and Lloyd's business. This analyst report from September 2012 focuses on Singapore.
Platinum partner
Insurance Insight is brought to you in association with Ernst & Young
Digital Publisher of the Year 2010
Visitor comments Add your comment