Perspectives

Rethinking the response

A strategic approach to regulatory uncertainty in insurance

The waves of regulation breaking over European insurers show few signs of letting up. Insurers are stretched by the regulatory agenda and are developing a range of responses.

While it is clear that some are seeking to respond proactively to the new regulatory landscape, others are behind the curve.

Background

The waves of regulation breaking over European insurers show few signs of letting up. Insurers are stretched by the regulatory agenda and are developing a range of responses. While it is clear that some are seeking to respond proactively to the new regulatory landscape, others are behind the curve.

Rethinking the response sets out a new approach to strategy setting activities to help insurers continue to achieve their business goals against the backdrop of an unprecedented high volume of new regulation and increased regulatory uncertainty.

The paper examines the relationship between regulation and strategic decision-making among senior insurance leaders. The solutions detailed in the paper can better support senior leadership in making decisions where regulation is a driving factor and also gives a roadmap to more efficient implementation of the regulatory agenda.

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