Macroeconomic situation is concerned most of all insurers

Macroeconomic situation worried the insurers most. This is evidenced by a new review of Insurance Banana Skins, evaluating the factors of concern in the insurance sector, which was prepared in a survey by the Center for the Study of Financial Innovation (KFKI), together with auditorosko and consulting network of firms PricewaterhouseCoopers. The review shows how the respondents assess the risks faced by insurance sector, and also represents the rating of these risks. Top position of the Russian macroeconomic trends hold rating on the impact on the insurance industry. It is expected that will reduce business volumes and falling investment income will have a lot of pressure on profitability and working capital in many parts of the world. Respondents around the world celebrate that by failing to ensure a stable investment income, which affects their financial stability, insurance companies can not be confident about the future of their business during the economic crisis. This contrasts sharply with the results of the previous survey conducted in 2007, when the focus of the respondents were operating risks, such as excessive regulation. Two years ago, market risks, barely mentioned among the top ten. Thus, the crisis has been a fundamental change in the perception of risk. Macroeconomic trends - the main challenge facing the Russian insurance industry in overcoming the difficulties caused by the financial crisis. Russian respondents believe that the stressful effects of the recession will inflict serious damage to the insurance industry.