No be small matter o! PwC don release their 29th Global CEO Survey wey show say only 46% of insurance CEOs dey confident about their revenue growth for next 12 months. Na wah! This one na 18% drop from last year wey dey 56%!
Dis survey dey based on the answers wey dem collect from 4,454 CEOs across 95 countries. E dey show how the big boys dey feel concerning their business future, abi? All the industry CEOs dey report say na only 30% dem dey very sure say dem go see growth for 2026, wey be the lowest in five years. Last-last, some people go feel say business na cruise, but e go need more than cruise to survive!
Now, the koko wey dey disturb dem be how to turn AI investment into real money matter. Although many don try AI for their businesses, only 12% of CEOs talk say AI don give dem both cost and revenue benefits. You go fit imagine, 56% of dem still dey here dey look like say nothing don change! This na real wahala for people wey bank on technology to carry dem waka forward.
Plus, geopolitical wahala dey disturb plenty CEOs as cyber threats dey increase. You fit run business but e no go mean say you fit chop alone. Na why 84% of dem talk say dem go toughen their cybersecurity measures as part of the strategy to face these risks. You no fit just dey focus on your business alone, my guys!
About 42% dey feel say dem dey exposed to serious climate change financial losses wey fit affect their business. Na insurance and utilities sector workers dey sound this alarm pass. No be this wahala plenty people dey face ki-ki!
For the international scene, 51% of CEOs dey plan to make investments outside their current industry, with the US still holding first position as the top destination for these investments. If you no sabi, na USA, UK, Germany, and Mainland China be the big players for this game! And guess what? India dey show serious interest too as e don enter top three countries wey dem dey look for investment!
So, the survey clear say reinvention don turn to the main dish wey CEOs must chop to grow. Approximately 42% of dem don start to compete for new sectors since the past five years. Na big talk with the action! CEOs dey realize say if dem no shake shake their strategies, dem go fall flat!
In short, the message dey clear: Omo, make we dey reinvention o! Those wey dey chop reinvention strategy go fit navigate this terrain wey full of wahala better pass those wey just dey cruise. Na only time go tell how this go play out, but one tin we sabi be say those wey adapt go always find better ground.
Do you have a news tip for NNN? Please email us at editor @ nnn.ng
