Flipping the Script

The current business landscape features incessant disruptions — all bringing with them inherent risks — across all industries, and the property and casualty insurance industry is no different.

This has never been a more important issue to explore; gaining a better grasp on how to manage risk best will help insurance companies, here at home as elsewhere, not only survive this challenging business climate, but thrive within it.

Jennifer Johnson, Partner and National Leader, Risk Assurances Services,PwC Canada

PwC’s recently released Risk in review report explores how effectively businesses are managing risk. For the first time, Canadian-specific results have been broken out to allow for a deeper examination and comparison to the global numbers. Findings reflect input from respondents in, among other sectors, consumer and industrial products, financial services, technology, government and education, and health services.

Stakeholders in Canada’s p&c industry are familiar with the key disruption issues facing the Canadian insurance marketplace. Usage-based insurance, shifting customer expectations and a growing direct-to-consumer channel to market are clear examples of how digital disruption has changed the insurance industry.

Read the full article in the Digital Edition of the August 2017 Canadian Underwriter.

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Jennifer Johnson, Partner and National Leader,  Risk Assurances Services, PwC Canada