What are the top risks facing the insurance industry?

Luxembourg Insurance Banana Skins 2023

Luxembourg Insurance Banana Skins 2023
  • Survey
  • March 27, 2024
Welcome to the unveiling of the much-anticipated brochure, Banana Skins 2023, tailored specifically for the Luxembourg insurance market. In this exclusive release, we delve into the pressing concerns of keeping insurers up at night and explore the key challenges on the horizon.

What's keeping Luxembourg insurers awake?

Luxembourg's insurance landscape faces a myriad of challenges, with climate change, human talent, and regulation topping the list of worries. These concerns are pertinent and indicative of the industry's evolving dynamics. Additionally, cybercrime, interest rates, and technology loom large, posing significant risks that demand attention and proactive strategies.

About the Survey

The Insurance Banana Skins 2023 survey, conducted by the CSFI in collaboration with PwC, offers invaluable insights garnered from 392 practitioners, regulators, and observers of the insurance sector across 35 territories. This comprehensive study aims to discern the most critical threats facing the industry over the next few years and rank them in order of significance. 

With each iteration, Insurance Banana Skins proves to be an indispensable tool for anticipating and mitigating risks within the insurance landscape. Notably, the participation from stakeholders in the Grand-Duchy has been steadily increasing, reaffirming its relevance and resonance within the Luxembourg insurance market. This year, we're proud to have received input from 32 key stakeholders, reflecting a growing commitment to industry-wide collaboration and foresight. 

Stay tuned as we delve deeper into the findings of Banana Skins 2023, offering nuanced perspectives and actionable insights to navigate the complexities of the Luxembourg insurance landscape. 

Luxembourg Insurance Banana Skins 2023

What are the top risks facing the insurance industry

Contact us

Sylvia Pucar

Sylvia Pucar

Audit Partner, Insurance Industry Leader, PwC Luxembourg

Tel: +352 49 48 48 5663

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