So the Americans have cast their votes and Trump is in for a second term as President but what does that mean for the insurance sector? An article this week outlines the potential impact. The FCA has released the results of its recent non-financial misconduct survey with “bullying and harassment” and “discrimination” the most recorded concerns. VC funding for insurtechs has hit 7% less than in 2023 for the first 3 quarters but there is evidence that it will bounce back before the end of the year.
Trump 2.0: How a potential 15% corporate tax and trade policies could reshape the re/insurance sector (Source: Reinsurance News)
Trump’s return to office could impact climate regulations, international agreements and inflation, causing chaos for the (re)insurance industry.
Non-Financial Misconduct: The FCA survey results and next steps for firms (Source: MGAA)
The FCA’s findings indicate an increase in recorded non-financial misconduct incidents but this could be down to businesses creating a culture in which employees feel they have the psychological safety to make complaints.
Why insurance operations could be mired by the widening talent gap (Source: Insurance Business Magazine)
At the Insurance Innovators Summit this week, Markel International COO, Carys Lawton-Bryce, said that investing “in more technical skill sets” and “selling it [insurance industry] to people in other industries” are key to critical operations functions having sufficient talent.
New report: State of insurtech looks at VC funding, start-ups and more (Source: Insurance Edge)
VC funding is set to rebound in the last quarter of 2024, says the recent ‘State of Global Insurtech’ report from Dealroom.co, Mundi Ventures and MAPFRE.
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