Like other financial services businesses, many insurance companies are feeling weighted down by new and impending regulations. So say the more than 300 respondents to a survey conducted by the Economist Intelligence Unit (EIU) and sponsored by State Street. The EIU polled senior insurance executives from around the world about the state of the insurance market.
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Wage and hour settlements accounted for $1.2B of the total.
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