Five biggest challenges facing insurers in 2024 revealed

New 2024 year progress bar on digital lcd display with reflection. Concept of new year, annual plan, growth strategy, business planning, investment trends and strategy road map.

To get you ready for the next 12 months, Insurance Post uncovers five things you need to know about what 2024 holds in store for the industry, according to insurance analysts.

1) Prepare for permacrisis 

Most insurers are realising reacting to risks may not be good enough and are expected to intensify their efforts to prevent losses from happening in the first place in 2024

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Crunch time for insurers’ Consumer Duty reports

One year on from the introduction of the Financial Conduct Authority’s Consumer Duty requirements for open products, Emma Ann Hughes investigates whether insurers will get a pat on the back or a clip round the ear from the regulator when they hand in their board reports.

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