Regulation slips up insurers

The banking industry’s famous Banana Skins survey has come to insurance

Despite the often-cited differences between banking and insurance it seems that the sectors can agree on at least one thing: the risk of too much regulation. In the first dedicated Banana Skins survey of insurance by the Centre for the Study of Financial Innovation (CSFI) and sponsored by PricewaterhouseCoopers after many years covering banking risks, insurers around the world have named too much regulation as the number one risk facing their business, mirroring the banking survey’s results of last year.