Regulation risks make way for financial crisis concerns

A poll finds that over-regulation remains on insurers’ radar based on fears that regulatory pressure will follow banking sector reforms

Concerns about over-regulation in the insurance sector have been superseded by the more pressing risks posed by the current financial crisis, reveals the 2008 Banana Skins survey from the Centre for the Study of Financial Innovation (CSFI) and PricewaterhouseCoopers. Over-regulation ranked as the number one risk facing insurers in 2007, but has since slipped to fifth place.