Insurance - Ernst & Young - Global

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.

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.

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.

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?

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.

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.

Life insurance companies in Canada face a balancing act in 2012. They must focus on earnings improvement, while preserving their credit ratings and capital levels. Learn about this and the five issues we expect to command management’s focus in 2012.