• 2014 Global Consumer Insurance Survey

    We explore how stronger customer relationships and optimised cross-channel experiences can help insurers gain a competitive advantage.

  • Building a better retirement world

    In the post-crisis era, how can pension providers and policymakers improve the global retirement system by focusing on customers?

  • Perspectives on the future of financial services

    Leading academic thought meets practical business insight. Access the latest issue of The Journal of Financial Perspectives, offered through our Global Financial Services Institute.

  • Eurozone Forecast: Outlook for Financial Services – Spring 2014

    Our Spring Outlook for Financial Services forecast looks at what the latest financial developments mean for the region's banks, asset managers and insurers. Learn more.

  • 2014 Global insurance outlook

    As the global insurance industry emerges from a period of economic uncertainty, what lies ahead in 2014? We explore in our latest Global insurance outlook.

  • European Insurance Outlook 2014

    This year European insurers' growth potential will rise when, and if, their economies recover from the economic crisis. Find out more about the challenges expected to face them.

  • 2014 Asia-Pacific insurance outlook

    Changes in the insurance industry will present new challenges and opportunities in the Asia-Pacific region. We explore how insurers can achieve profitable growth in 2014.

  • The growth of hedge fund-backed reinsurers

    For managers, the new structure helps boost assets under management and permanent capital. Fund investors also benefit with higher returns, liquidity and tax advantages.

  • Insurance in a digital world: the time is now

    Digital technology is transforming consumer behavior and driving insurance executives to reassess business models. Our survey explores the insurance industry’s digital capabilities and future direction.

Global insurance: vast potential

Major regulatory change. The rise of emerging markets. Ongoing economic uncertainty. Technology-driven turbulence. Increasing consumer expectations.

These are the primary challenges and issues faced by global insurance executives. These challenges also offer the key to future profitability for insurers who make the right strategic, investment, organisational and operational changes.

Our Global Insurance Center was created to help insurers around the world successfully meet these challenges. We can help you ask the right questions, set priorities and define the action plans needed to succeed in the fast-shifting insurance landscape.

Our global network of insurance professionals provides guidance and insight on pivotal areas in the insurance industry today, including:


  • Are you ready for Solvency II?

    At the recent Trilogue meeting, the European Commission proposed a deferral of the implementation date of Solvency II to January 1, 2015, but the proposal did not reach consensus.

    Are you ready?


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    Potential delays for Solvency II timeline

    Insurers will have to continue their balancing act, adopting SII while the issues of timescales and long-term guarantees hang over them.

    Risk-based capital and governance in Latin America

    Risk-based capital and governance in Latin America

    Argentina, Brazil, Chile and Mexico have individual views on risk-based capital and the implications for insurers as they drive towards compliance.

    Implementing IFRS 4 Phase II with IFRS 9 and Solvency II

    Implementing IFRS 4 Phase II with IFRS 9 and Solvency II

    The size and complexity of the multi-year implementation of IFRS 4 and IFRS 9 is expected to impact companies fundamentally. Given the potential synergies and differences, the time to address these issues is now. See our implementation and project management considerations from an IFRS 4 Phase II and IFRS 9 perspective.

    Solvency II implications for Asian life insurers

    Solvency II implications for Asian life insurers

    While many elements of Solvency II, a European framework, may represent a "to-be" roadmap, not everyone sees the full adoption as an optimal (or practical) next step in many Asian markets. Eventually, each Asian market will plan its own journey towards a more robust regulatory evolvement.

    Solvency II publication archive

    Solvency II publication archive

    Tap into our archive of thought leadership reports and gain insight into the evolution of Solvency II and its impact on the industry.

  • Actuarial and risk management strategies

    Never has it been more critical for companies to understand and stay in tune with the changing climate of their business. Companies want to achieve competitive advantage and adapt quickly to the evolving business environment. Yet, there is a growing gap between the volume and complexity of risks that companies face today and the techniques available to manage them. We can help fill those gaps by providing services that can enhance your company's decision-making.

    We combine global insight and local reach to assist financial services and insurance clients in developing and validating strategies to make sound decisions. The outcome of this collaboration is important to the success of your enterprise.

    Our areas of focus include the following services:

    • Actuarial transformation
    • Actuarial review
    • Actuarial operations
    • Changes to financial reporting methods
    • Performance improvement


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  • Be prepared for IFRS/accounting changes

    We are increasingly living in a global economy — with trade and inbound and outbound investment a fact of life. It's no wonder capital markets have long advocated for globally recognized accounting standards.

    Until recently, that common accounting language has been a missing link. Now, policymakers, lawmakers and regulators are working alongside standard-setters to provide a single set of high-quality, global accounting principles.

    Benefit from our timely insights as your prepare for this transition.

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    Insurance business impact accelerator tool

    Use our insurance business impact accelerator tool

    Have you developed a roadmap for implementing IFRS Phase II? Use our insurance business impact accelerator tool to help evaluate and overcome your key challenges.

    Limited improvements to IFRS 9 for insurers

    Limited improvements to IFRS 9 for insurers

    Now that the IASB has confirmed its intention to consider making limited improvements to the IFRS 9 classification and measurement model, they are working with the FASB to align more closely. What is the impact on your accounting models and when should you being adopting them?

    Implementing IFRS 4 Phase II with IFRS 9 and Solvency II

    Implementing IFRS 4 Phase II with IFRS 9 and Solvency II

    The size and complexity of the multi-year implementation of IFRS 4 and IFRS 9 is expected to impact companies fundamentally. Given the potential synergies and differences, the time to address these issues is now. See our implementation and project management considerations from an IFRS 4 Phase II and IFRS 9 perspective.

    IFRS 10 Consolidated Financial Statements

    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.

    IFRS / accounting change publication archive

    IFRS / accounting change publication archive

    Tap into our archive of thought leadership reports and gain insight into the evolution of IFRS / accounting change and its impact on the industry.

  • Customer agenda

    The buying behaviors, attitudes and preferences of insurance customers worldwide are changing. To understand this transformation, insurers need to determine how they must adapt to attract, deepen and preserve customer relationships.


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    Global consumer insurance survey 2012

    Global consumer insurance survey 2012

    To help insurers determine how they must adapt to attract, deepen and preserve customer relationships, we surveyed 24,000 insurance consumers across 7 regions.

  • Governance facing the industry today

    We, along with Tapestry Network, established the Insurance Governance Leadership Network (IGLN), a global network centered around non-executive directors from a select group of the largest insurers from Europe, North America and Asia. The IGLN provides a peer-to-peer platform for participants to discuss critical issues facing the industry globally. Its primary focus is the non-executive director, but it also engages senior management (notably chief risk officers) and regulators, all of whom are committed to outstanding governance and supervision in support of the mission to build strong, enduring, and trustworthy insurance institutions.

    Tapestry Briefings – A View from the Boardroom:

     

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    Insurance leaders meet in London: June 2012

    From the Boardroom: Insurance leaders meet in London

    We, along with Tapestry Networks, welcomed industry leaders to the European Insurance Governance Leadership Network (IGLN) meeting in London where executives discussed today’s changing regulations.

  • Operations and technology: implementing efficiencies

    In recent years, a new generation of technologies has created a renewed appetite amongst insurers for using IT to manage claims more effectively.

    Yet there are still a large number of challenges to be overcome in delivering the anticipated business benefits. Are you achieving the improved claims performance you need from your IT investments?

    According to our latest research, insurers could get much greater value by changing their approach.

    Our survey "Delivering results through claims technologies" explores the challenges and opportunities of investing in claims technologies in France, Germany, Italy, Spain and the UK.

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  • The emergence of emerging markets

    The global economy is at a turning point. Fast-growth economies in Asia, the Middle East, Africa, Latin America and Eastern Europe now form almost half of global GDP and, in 2010, they contributed 70% to overall global growth.

    These trends are accelerating. By 2050, fast-growth economies are projected to account for 65% of the global economy. In contrast, most developed markets are still struggling to recover after the global recession. For many businesses, their very survival depends on pursuing a growth agenda. This might include expanding into new markets and sectors, finding new ways to innovate or taking new approaches to talent. But there’s one key question that must be answered: how can your insurance business make the most of the many opportunities that exist?

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EY - Insurance accounting alert

Insurance accounting alert

The International Accounting Standards Board (IASB) and Financial Accounting Standards Board discuss Exposure Draft comment letter responses; IASB discusses link between insurance contracts project and IFRS 9.

Glowing fibre optic cables

Focus on policy systems – a tool for success

Our latest thought leadership gives senior insurance executives an overview of practical steps to take, and the challenges faced, when transforming policy administration systems.


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