Key Australian findings
In 2017, PwC in conjunction with the Centre for the Study of Financial Innovation have conducted a survey of senior members of the global insurance community to learn what they see as the greatest risk concerns in the near to medium term. The survey is conducted every second year and in 2017 has been completed by over 830 respondents across 52 countries. Over 50 respondents were from the Australian market and the brief analysis below draws out key observations by comparing the responses for Australia to the global average.
In general, Australian respondents were in agreement with the global consensus on risk priorities with cyber risk, technology and change management all appearing as the top five risk concerns, however, Australians are more concerned around political interference and reputation.
Below are the top 10 risks from across the globe and Australia, along with the rankings for those risks in the last three survey results.