Productivity and profit: forecast for the UK life sciences
Download QBE’s latest UK Life Sciences industry report HERE
Post-pandemic, the outlook for the UK’s diverse and established life sciences sector is broadly positive, fitting into post-Brexit plans to make the UK an innovation power player while seeing lesser effects from economic downturn than other sectors.
However, post-Brexit revisions take effect on the regulatory front, creating an increased compliance burden. There are also questions about the UK’s ability to compete funding-wise with its EU neighbours alongside the sector’s poor productivity performance potentially impairing price competitiveness and profit margins.
Three things to take away:
- What is the outlook for the UK life sciences sector and how is the productivity crisis impacting growth prospects
- What are the three future risk areas life science firms should be aware of in 2023
- What can life science firms do to boost growth using digitalization, research, recruitment and regulation
Download report by clicking on image below...
About QBE
QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2018 was US$13.7 billion.
As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large client base.
We understand the crucial role that effective risk management plays in all organisations and work hard to understand our clients’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs.