Wave of new regulation tops insurance sector risks in poll
The greatest risk facing the insurance industry is the raft of new regulations being introduced simultaneously at international and local levels, according to a new survey.
The Centre for the Study of Financial Innovations' latest Insurance Banana Skins survey, conducted in association with PwC, found that new rules governing issues such as solvency and market conduct could swamp the industry with costs and compliance problems.
It added that the effect could also distract management from the more urgent task of running profitable businesses at a time when the industry was already under stress.
The poll of nearly 500 insurance practitioners and industry observers in
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