In an industry update report published 2017 by EY.
European insurers will find themselves at a crossroad in 2017. External challenges, financial volatility and increased competition will continue to weigh on income streams and consumer demand. But insurers will also have an opportunity to capitalize on technological innovations and changing consumer preferences to safeguard their future success. Against a backdrop of political, economic and regulatory change, European insurers will need to rethink their strategies, products and business models to stay relevant in a fast-evolving market. In 2017, insurers should think ahead to 2020 and prepare for a transformed marketplace.