According to research Accenture carried out in May 2021, almost 1 in 3 (32%) women working in insurance left their jobs temporarily or permanently during the pandemic, and 30% of those who stayed at their jobs are considering leaving. (Credit: grublee/Shutterstock.com)
1. New risk models, shifting capacity, new products & pricing
The past year was one of economic recovery, but uncertainty remains. In addition to peaks and troughs in COVID-19 infection, persistent supply chain disruption and inflation, insurers face new loss patterns in property lines (as catastrophic losses linked to climate change seem to be). These conditions combine to challenge insurers as they determine which lines of business are likely to offer competitive advantages long-term.
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