It's a tough time to be a minnow in insurance. The challenging economic climate makes this the age of the big fish – those able to withstand the dual pressures of a squeeze on investment returns and an increasing regulatory capital burden. It's also better to be big and nimble rather than big and clunky. With capital and liquidity at a premium there is no room for dead weight in the business, and companies unable to streamline effectively are liable to starve themselves of resources before long.
The week on Risk.net, March 10-16 2018Receive this by email