The Future of Insurance
2018 Insights: Risks, Uncertainty and a Looming Talent Gap
This year, we surveyed 150 brokers and 150 small and medium enterprises (SMEs) in the U.K. and the U.S. to learn how they perceive the evolving insurance landscape, how they think the changes will affect them and how they plan to respond.
A key takeaway? Significant gaps in knowledge have emerged because some areas of risk – particularly cyber and climate change – are evolving with great speed and complexity. A consequence is that these knowledge gaps could lead to inaction.
While the insurance industry is positioned to provide leadership, it is facing a looming talent gap and struggling to attract a new generation of those who can analyze and underwrite emerging risks.
The challenge for the insurance industry is clear, as is the opportunity for a new generation of talent to help SMEs navigate the uncertainty and evolving risks.
This 2018 Mid-Year Report may include forward-looking statements, both with respect to Argo Group and its industry, that reflect our current views with respect to future events and financial performance. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as “expect,” “intend,” “plan,” “believe,” “do not believe,” “aim,” “project,” “anticipate,” “seek,” “will,” “likely,” “assume,” “estimate,” “may,” “continue,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” and similar expressions of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Argo Group's control. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information, please see the Forward-Looking Statements disclosure in the 2018 Mid-Year Report.