From bdo.com.au: Insurers need to update their strategies for the coming year by focusing on key areas such as climate risk, regulatory compliance, digital transformation, cybersecurity, and changing consumer expectations.

Among these, accurate assessment of climate-related risks, compliance with evolving regulations, investment in InsurTech, robust cybersecurity measures, and adapting to new consumer behaviours are critical for success.

Filed under: Big Business, Business Strategy & Tactics

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