• FSO Alert: European Parliament endorses MiFID II package

    On 15 April 2014, the European Parliament voted to endorse the upgrade of the Markets in Financial Instruments Directive (MiFID II). Under MiFID II, financial services firms, including banks and investment firms, need to rethink their product governance, distribution and financial markets activities.

  • European Solvency II survey 2014

    With the Solvency II deadline approaching, European insurers are working toward compliance. See which countries are making solid progress.

  • Tax Alert - Agreement about the Savings Directive has been reached

    At the European Council meeting of 20th and 21st March, 2014, Luxembourg and the 27 other EU Member States came to a political agreement on the text of the directive amending the European Union Savings Tax Directive (Savings Directive).

  • 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.

  • The Luxembourg Financial Connection - Issue 21

    EY’s newsletter on regulatory, leading practices and market developments in the financial services industry from a Luxembourg perspective - including eight articles and covering over 100 new developments.

  • Operational excellence for insurers

    The emerging consumer presents a growing opportunity for insurers. Our report explores how operational excellence can help convert that opportunity into profitability.

  • The shifting landscape in rapid-growth markets

    A rebalancing is taking place across the insurance industry in rapid-growth markets. Our report highlights future growth opportunities in specific countries around the globe.

  • 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.

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, organizational 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?


  • 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


    Related content

  • 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.


     

  • 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.


  • 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:

     

  • 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.

    Related content



Connect with us

Stay connected with us through social media, email alerts or webcasts. Or download our EY Insights app for mobile devices.