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INMAG AUG 17_page layouts 7/08/2017 4:07 pm Page 40

This year’s big blips Swiss Re’s latest Sonar update reveals another broad array of emerging threats By Andy Swales 40

insuranceNEWS

FROM GENETIC ENGINEERING AND “ELECTRONIC PERSONS” to monetary policy, Swiss Re’s annual Sonar report on emerging threats frequently runs the gamut from the outlandish to the mundane. And, in the short term at least, it’s most likely the latter that keeps (re)insurance executives awake at night. This year is typical: three of the report’s four leading industry dangers stem from global economic and regulatory trends. Swiss Re ranks the return of inflation, reduced market access and regulatory fragmentation as threats with the potential to cause “high impacts” over the next few years. The former is a function of recovering oil prices and some central banks’ willingness to let inflation surpass short-term targets, according to the report. It warns of added “pressure on insurers’ profitability, already under stress from competition and regulatory requirements”. August/September 2017

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