Enhancing Profitability in the European Non-Life Insurance Market: Strategies and Challenges

EasyChair Preprint 14475

Abstract

The European non-life insurance market, a cornerstone of the region’s financial services industry, faces an evolving landscape marked by intense competition, regulatory changes, and shifting consumer expectations. This paper explores strategies for enhancing profitability in this dynamic sector, focusing on both innovative approaches and inherent challenges. By analyzing market trends, including the impact of digital transformation and the integration of advanced data analytics, we highlight effective strategies such as operational efficiency improvements, targeted product development, and customer-centric service models. Additionally, we address key challenges, including regulatory compliance, market saturation, and the growing threat of cyber risks. Through a comprehensive review of case studies and industry best practices, this paper provides actionable insights for insurers seeking to navigate the complexities of the European market and achieve sustained profitability in a rapidly changing environment.

Keyphrases: European Insurance Market, Financial Performance, Insurance Industry Analysis, efficiency, non-life insurance, operational efficiency

@booklet{EasyChair:14475,
  author    = {Anthony Collins},
  title     = {Enhancing Profitability in the European Non-Life Insurance Market: Strategies and Challenges},
  howpublished = {EasyChair Preprint 14475},
  year      = {EasyChair, 2024}}