Canadian Insurance industry risks & opportunities | KPMG | CA

Canadian Insurance industry risks & opportunities Survey

Canadian Insurance industry risks & opportunities

KPMG in Canada has published the results of its first annual Canadian Insurance Industry Risks & Opportunities Survey.

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Canadian Insurance industry risks & opportunities Survey

This survey is distinguished by focusing on Canadian insurers, and by considering both the risks they face and the opportunities they see.

Based on a survey conducted over December 2013 to February 2014, this report highlights the top 10 risks and the top 10 opportunities identified by survey respondents, with separate analysis for both life insurance and property and casualty insurance.

The top risks identified included:

  • Regulatory and compliance burden
  • Low interest rates
  • Catastrophic loss events
  • Changes in accounting and actuarial standards

The top 10 opportunities included:

  • Improved understanding of risk and capital management
  • Improvements from customer data analytics
  • Exploiting process and technology improvements

This report provides insights on the key issues that matter to Canadian insurers in the current environment.

If you have any questions or would like further information, please reach out to one of the report authors or your local KPMG adviser.

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