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Industry sector - Insurance - Ernst & Young - Ernst & Young - United Kingdom

Insights and services for Insurance businesses

Insurance continues to be a dynamic and fast-growing business and one of the UK’s most important exports. Increasingly complex risks, new markets and changing customer behaviours are generating new ideas for new products and for insurance companies the challenge to become more innovative in order to remain competitive. In places, traditional approaches to risk management are insufficient and regulatory and legislative issues have made it even more essential to understand the changing climate.

We respond with our clients to these challenges. We are committed to providing the services the insurance industry needs, nationally and internationally, by teams that have a clear understanding of the unique complexities and commercial realities of the sector.

In the UK, our teams are organised by markets, to allow for deeper client relationships and sector expertise and offer their experience and insight in:

  • Bancassurance
  • General insurance
  • Life and pensions
  • London & Bermuda market
  • Reinsurance

Ernst & Young Insurance sector:

  • In the UK, currently provides services to all top 10 life and general insurers;
  • Audits 4 of the top 10 insurance companies rated in Business Week’s Global 1200.

Working alongside our network of insurance practitioners is the Ernst & Young Global Insurance centre. The centre includes industry experts that are dedicated to proactively developing and delivering insight and solutions for our clients around the world, as well as engaging industry stakeholders in research and discussion forums.

Lessons from change: the insurance industry

How do you manage through the recession and position your company for growth? Our insurance representatives and other sector leaders conducted over 1500 client meetings and identified some overarching themes. Sound risk management strategies, an extended market reach and improved business model could mean the difference between surviving and thriving.

2012 Going for gold? Preparing for leadership in the UK life, pensions and savings market

This publication provides views and analysis on distribution effectiveness and regulatory reform, pensions 2012, Solvency II, D2C and UK mass market and cost-reduction challenges. Download 2012 Going for gold? pdf 2.7Mb, August 2009

Opportunities in adversity: symposium synopsis

Following the success of our financial services symposium last month, we are delighted to share with you a synopsis of the event.  The synopsis highlights the key perspectives and insights that were presented by our industry-leading guest speakers, with the addition of comments from some of Ernst & Young’s financial services leaders. In line with the content of the symposium, the paper explores what the future financial services and regulatory landscape looks like and what this means for global financial services institutions, their strategies and business models. Read the symposium synopsis pdf 599K

London and Bermuda journal, July 2009

Includes: the Asian insurance market, the future of intra-group reinsurance, electronic placing, financial reporting for insurers. Download London and Bermuda Insurance Markets Journal - July 2009 pdf 3.7Mb, July 2009

Opportunities in adversity: accelerating the change for financial services organisations

In the past six months, we have carried out interviews with 125 financial services organisations with revenues in excess of US$100 million, as part of a broader follow-up survey of some 30,000 managers across industries worldwide. The financial services findings inform our following assessment of the ways in which banks, asset managers and insurance institutions are reshaping and shoring up their businesses today. Read Opportunities in adversity: accelerating the change for financial services organisations  pdf 4.94Mb

Second annual business risk report — insurance 2009

Global financial market events have created unprecedented challenges for the insurance industry. Risks are inherent in every forward-looking business decision and therefore, successful risk management should be an integral part of an organization’s strategy and operations. The economic downturn has taught us that the most important risks are the ones we did not see or anticipate. Read the top 10 risks most likely to affect the insurance sector during 2009 (pdf, 583kb).

PFS CII member survey May 2009

Ernst & Young and the CII/PFS publish the fifth membership survey capturing practitioners' views on the RDR.
Find out more. pdf 88Kb, May 2009

The Future of Distribution in SME Commercial General Insurance

The Impact on Underwriting and the Underwriter of the 21st Century

CII’s Underwriting Faculty and Ernst & Young have worked in partnership to publish a report that examines distribution in the SME segment of the commercial lines general insurance market over the next five years, and its impact on underwriting and the role of the underwriter... Read more 

Contacts

Email  Shaun Crawford 
Insurance
Tel: +44 [0]20 7951 2172

For press enquiries
please contact
Email Clare Rice
Media Relations Manager
+44 [0]20 7951 7019

Restructuring and Run-off Services
Insurance Restructuring and Run-off Services is a team comprised of experienced M&A, transaction support, run-off and restructuring specialists. Find out more.


Delivering world class service for competitive advantage in a changing mid-corporate commercial insurance market
The CII’s Insurance Broking Faculty and Ernst & Young have worked in partnership to explore what ‘world class’ service looks like for mid-corporate commercial general insurance. Find out more.

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