When Kevin Strain was appointed chief executive officer of the Toronto-based insurer Sun Life in 2021, he built his strategy around a core principle of the centuries-old insurance industry: thinking long-term and building sustainable businesses. That was at the height of the pandemic, when many CEOs were preoccupied with short-term financial pressures. And that preoccupation continues today, according to PwC’s 26th Annual Global CEO Survey. Fully half (51%) of insurance CEOs list the impacts of inflation as their top concern for the next year, followed by economic volatility (37%) and geopolitical risk (23%).
