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. | Insurers: successfully manage your operational risk Demand for operational risk quantification is being driven by regulatory initiatives, such as Solvency II. As companies consider next steps, they need to consider ways of leveraging existing operational risk elements into a robust modeling framework. Gain insight into the elements that make a sound operational risk quantification model. 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. US property-casualty insurance outlook 2012 Ongoing uncertainty over economic conditions continues to impact buyers of insurance products and services, with less than favorable implications for the US property-casualty insurance industry. In this environment, insurers should consider strategic approaches that are flexible and capable of responding to economic pressures. Learn how to prepare for 2012. IFRS 10 Consolidated Financial Statements In May 2011, the International Accounting Standards Board (the IASB) issued IFRS 10 Consolidated Financial Statements, which becomes effective for annual periods beginning on or after 1 January 2013. IFRS 10 must be applied retrospectively. Find out what you need to know to prepare accordingly. US life insurance industry outlook 2012 Life insurers in the US must manage both capital and risk in an economically and politically uncertain year, while continuing to lay the groundwork for future growth. Which techniques will create opportunities for increased sales and improved efficiencies? Inside, we outline five broad themes that warrant management’s attention. Are you ready for Solvency II? Solvency II’s implementation deadline is January 2014. 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? IFRS insurance insights As the IASB and the FASB work towards developing a single globally accepted accounting standard for insurers, consistent understanding, interpretation and application becomes even more important. Tap into the breadth of our knowledge and learn about the specific rules affecting the insurance industry. IASB and FASB updates: Insurance Accounting Alert In our monthly Insurance Accounting Alerts, we help executives stay up-to-date on the activities of the IASB and the FASB as they work to develop a new insurance accounting standard. Find out how the ongoing changes will affect you over the short and long-term. |
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