With a plethora of legal and regulatory changes on the horizon,
Ian Morris of BWCI Group takes a look ahead to what 2013 holds for
the captive industry.
Famously there is a curse, often attributed to the Chinese,
which says "may you live in interesting times".
Anyone involved in finance or the economy over recent years will
recognise that times have been not only interesting but very
challenging as well. In this article I look at why 2013 will remain
interesting for the insurance sector.
Incidentally, the 'curse' relating to interesting times
was thought to be the first of three. The second was "may you
come to the attention of those in authority". There are a
number of senior finance staff in recent years (albeit perhaps more
in banking than insurance) who might wish that they had avoided the
'curse' of attention from those in authority. I will return
to the third 'curse' at the end of this article.
