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The primary drivers of disruption in insurance - notably, FinTech (and more specifically, InsurTech) - are coming from outside the industry. However, while the pace of change and market disruption has been daunting for most incumbents, the growing presence of InsurTech companies is not a threat, but rather is creating real opportunities for the industry.

This year the run-off market has been buoyant as Solvency II appears to have driven greater focus on discontinued lines of business. This has increased M&A activity amongst some of the larger (re)insurers, and has also begun to create capital challenges for a number of smaller market participants.

Insurance CEOs recognise the scale of the disruption within their industry, which is creating opportunities for some, and threats for others.

Welcome to the tenth edition of our Survey of Discontinued Insurance Business in Europe which is produced once again in conjunction with IRLA. We are extremely grateful to everyone who participated in the Survey.

Management wants greater diversity. Clients and employees expect it. But while progress is being made, there’s still a big gulf between management’s intentions and the reality for many people working within insurance

Reinsurers are in line to build some of the biggest blockchain applications outside the payments sector, which will enhance risk understanding and open up a $5-10 billion cost saving opportunity through faster, more efficient and more accurate placement, claims settlement and compliance checks such as sanctions.

With the goal to identify where blockchain technologies have the greatest potential, this research report sponsored by PwC and conducted by Z/Yen, is based on 50+ interviews with brokers, insurers, reinsurers, regulators and trade bodies from across the global wholesale insurance market.

This publication highlights PwC's insurance point of view on the General Data Protection Regulation and summarises the key point of interests for insurers. It provides insights on how to convert the problems posed by the GDPR into prospects and opportunities.

Insurance companies are very much aware of the FinTech revolution: 74% of respondents see FinTech innovations as a challenge for their industry. There is a good reason to believe that insurance is indeed heading down the path of disruptive innovation, whether it is the effect of an external factor, such as the rise of the sharing economy, or the ability to improve operations using artificial intelligence.

Insurance is facing what has been described as a "regulatory bear market". Some of the most far-reaching developments centre on the G20’s push for a more harmonised, risk-based framework for international capital regulation within the insurance industry worldwide, which mirrors its approach to banking in the wake of the global financial crisis.

Insurance carriers are looking afresh at how to address their fragmented legacy operating platforms to lower their fixed costs, while distributors are calling for greater transparency and ease of doing business from carriers.

Results from PwC’s 19th Annual Global Survey of more than 1,400 CEOs, which includes responses from 101 CEOs in the insurance sector in 43 countries, reveal more than 70% of insurance CEOs are making significant changes to the way they use technology to assess and meet customer expectations. 79% cite data and analytics and 76% cite relationship management systems as providing the greatest potential contribution to improving engagement with customers.

Fast growing demand for cyber insurance offers a huge commercial opportunity for insurers and reinsurers, but could also expose the industry to potentially devastating losses. How can your business develop the risk evaluation, risk pricing and risk transfer structures and capabilities to put cyber insurance on a sustainable footing?

We are proud to present the results from our biennial survey: Insurance Banana Skins, which examines risks facing the insurance industry and identifies those that appear most urgent to insurance practitioners and close observers of the insurance scene around the world. The survey was conducted between March and April 2015, and is based on 806 responses from 54 countries, including 19 in Luxembourg.

The insurance marketplace is being transformed - and so is the tax landscape. As tax risk, scrutiny and complexity all increase, businesses are re-evaluating their tax functions. Drawing on a survey of tax leaders, we look at what kind of tax function is set to emerge from the shake-up and how can you make sure yours is fit for the future.

Insurance is facing more disruption than any other industry, posing threats for some and opening up promising commercial possibilities for others. What does this mean for your business? Are you equipped to compete?

Reinsurers with undifferentiated ‘me too’ strategies could be squeezed out of the market. Which business models will be viable in five years’ time and what steps do you need to take to position your business out in front?

The digital prize – Taking customer connection to a new level is the latest viewpoint in PwC’s Insurance 2020, which explores the megatrends that are reshaping the competitive environment for insurers and the markets in which they operate.

Insurance 2020: Forcing the pace - The fast way to becoming a digital front-runner is the latest viewpoint in PwC’s Insurance 2020, which explores the megatrends that are reshaping the competitive environment for insurers and the markets in which they operate.

Insurers are facing as much change over the next five years as they’ve seen in the past 50. But, as the findings of the latest CEO survey show, many companies have been slow to respond to the transformational changes in the market and risk falling behind their more proactive competitors.

Practical guide to IFRS Insurance Contracts

In June 2013, the IASB published a revised exposure draft (ED) on the accounting for insurance contracts. The comprehensive proposals will fundamentally change the accounting by insurers and other entities that issue insurance contracts.

Insurance banana skins 2013

PwC is proud to present the results from our biennial survey: Insurance Banana Skins, which examines risks facing the industry, and includes insights from over 660 insurers, regulators and close observers of the industry across 54 countries. This survey has been produced with the Centre for the Study of Financial Innovation (CSFI) and is aimed at senior executives in the insurance.

Insurance 2020: Unleashing the value from values

Organisational culture can sometimes seem like an afterthought when there are so many economic, structural and market challenges to contend with. But to tackle these transformational issues most efficiently, a corresponding change in culture is required. A more agile, innovative, risk-conscious and customer-centric culture is set to be the primary competitive differentiator in the new landscape − if you want to spur real change and deliver real value, look at your people and the environment in which they operate.

Insurance 2020: Turning change into opportunity

Future of Insurance is a new research study from PwC. We're exploring the drivers of change for the insurance industry. Bringing together PwC insurance professionals from around the world to share perspectives and challenge research findings, we have created new insight that will provide an important discussion tool to shape strategic thinking and direction.

Sustaining competitive relevance

Regulation and economic uncertainty are dominating the boardroom agenda. But success also depends on being able to respond to the longer term developments and opportunities that are transforming their sector.

Insurance banana skins 2011

PwC has joined forces with the Centre for the Study of Financial Innovation (CSFI) to explore what risks insurers face and how they prioritise them. The research questions insurers on three areas: current risks, future trends, and their preparedness to respond to the risk environment. It shows how the life, non-life, reinsurance and London Market sectors differ in outlook and provides valuable insights into the risk concerns at the top of the boardroom agenda.