Insurance: meeting new expectationsToday's environment calls for transparency, customer innovation and mastering the demands of regulatory change. Are you keeping up? Tap into our industry-focused knowledge and discover how to set yourself apart on such issues as IFRS, Solvency II, Dodd-Frank and FATCA. Our global reach Our worldwide team of insurance-focused assurance, tax, transaction and advisory professionals have the deep sector knowledge and technical experience to interpret the market and help you compete. Compete powerfully From preserving capital to managing risks to increasing customer satisfaction, we deliver on our promises so that you can stay a step ahead. In the spotlightIFRS and Solvency II: similarities and differences
Similarities between IFRS 4 Phase II and Solvency II are creating potential implementation synergies. However, Phase II introduces requirements which go beyond the scope of Solvency II, meaning insurers should take a more strategic view and build in flexibility to reduce investment in the future. Looking for insights into the insurance markets in Europe and Asia-Pacific as well as the U.S. life insurance and property/casualty sectors? You’ll find them here.
It’s almost here. Learn what you need to know about the global insurance industry’s transition to IFRS. Our professionals explain what to expect from Solvency II and what it means for your business. | Global insurance industry outlook for 2012 Looking for insights into the insurance markets in Europe, Canada and Asia-Pacific as well as the US life insurance and property/casualty sectors? As uncertainty over economic conditions continues to impact buyers of insurance products and services, insurers must consider strategic and flexible approaches. Find out how to manage your business in 2012. Global consumer insurance survey 2012 The voice of the customer has changed. To help insurers determine how they must adapt to attract, deepen and preserve customer relationships, we surveyed 24,000 insurance customers across 7 global regions. Tap into our insights. European insurance outlook for 2012 European life and non-life insurers are faced with important strategic decisions. While volatility and deterioration in macroeconomic factors disrupt balance sheets, unfolding regulatory initiatives will continue to influence the industry. All the while consumer needs and expectations are changing. Discover how to counter today’s challenges with strategic solutions. Solvency II and IFRS: are your data and systems up to speed? Streamlined IT systems and effective data management are core components of Solvency II implementation. But with IFRS 4 Phase II as another regulatory initiative, data and system solutions will also need to factor in proposed international financial reporting standards. We offer guidance. IFRS and Solvency II: similarities and differences Similarities between IFRS 4 Phase II and Solvency II are creating potential implementation synergies. However, Phase II introduces requirements which go beyond the scope of Solvency II, meaning insurers should take a more strategic view and build in flexibility to reduce investment in the future. Are you ready for Solvency II? Solvency II’s implementation deadline is January 2013. By that time, insurers will have to make significant changes to their finance systems, restate their balance sheets and prepare for greater public disclosure of financial statements, modeling and capital calculations. Will you be ready? Impact on insurers of the Dodd-Frank legislation With the act’s wide-reaching ramifications, it is critical that insurers remain engaged as the reform process moves forward and prepare for what may lie ahead |
| |
