Facing the Future: The Blueprint for Growth (State Street)

June 2013

KEYWORDS: innovation, growth, reinsurance

Authors:

State Street

Organizations:
  • State Street

Summary:

The insurance industry is experiencing deep structural change. Flat sales, new regulations, poor investment returns, changing demographics and new technologies are forcing companies to adapt and innovate. Our new Vision report explores the challenges and opportunities facing the industry today. It draws on the findings of a global survey of more than 300 senior insurance industry executives that we commissioned from the Economist Intelligence Unit. And it reveals that despite these challenges, many in the industry are optimistic that product innovation, new distribution channels and expansion into emerging markets will provide a path to profitable and sustainable growth over the coming years.

Featuring quantitative results from our 2013 Insurance Survey as well as in-depth interviews with key players from the insurance industry, this report identifies the areas where tomorrow’s leading insurance companies will need to initiate change.

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