Insurance carrier chief executives are upbeat about their companies’ growth prospects, with nearly 90 percent of those recently surveyed saying they are at least reasonably confident about their revenue growth over the next 12-to-36 months.Executive Summary Insurance industry executives are confident about revenue growth in 2013, according to a PwC survey, but PwC consultants question whether insurers are moving fast enough to keep pace with fundamental changes in customer demands, technological advances and other transformations impacting the business climate.
The insurance industry CEOs are less optimistic in their expectations for the global economy overall, with just over three-quarters anticipating a stable or improved global economy, PwC’s 16th Annual Global CEO Survey revealed.
The survey captures the thinking of 1,330 CEOs in various industries in 68 countries, including 92 insurance CEOs in the property/casualty and life/health sectors in 39 countries, who are less worried about their organizations’ growth than peers in other industries. Across all industries, CEOs were less bullish about revenue growth, with just over 80 percent saying they’re at least reasonably confident in an uptick this year.