• Cyber strategy for insurers

    In the second of our EY Innovation series, we focus on the changing boundaries between client and insurer within the context of cyber risk.

  • EU General Data Protection Regulation

    We cover key changes proposed by the GDPR and help you assess whether or not your organization is ready for the new Regulation.

  • Insurance technology trends

    Learn the key issues and trends that should be on the radar of insurance company leaders, including big data, cybersecurity, InsurTech and more.

  • Digital Transformation

    Can digital make the possible a reality in insurance? Read our latest on what you should know.

  • M&A integration in financial services

    After two strong years of M&A activity, the pressure is now on acquirers to prove they can secure value from the transactions they have pursued.

  • The insurance agent of the future: Korea

    We surveyed 300 insurance agents in Korea to understand the challenges of digital disruption and changing consumer preferences – and the potential future of distribution.

  • The insurance agent of the future: Korea

    We surveyed 300 insurance agents in Korea to understand the challenges of digital disruption and changing consumer preferences – and the potential future of distribution.

  • Digital transformation in insurance

    In an era of digital disruption, the traditionally slow-moving insurance sector must invest more in innovation, learn to experiment more and fail faster.

  • Digital transformation in insurance

    In an era of digital disruption, the traditionally slow-moving insurance sector must invest more in innovation, learn to experiment more and fail faster.

Vast potential

The global insurance market is remarkably strong, despite continued fallout from the financial crisis. Low interest rates coupled with relatively poor investment returns have impeded growth, but demand for insurance products and services remains high.

We keep you prepared by providing insights into the nuances of your market, as well as global trends putting pressure on the industry.

Stay nimble amid risk and regulation

Waves of global legislation continue to pressure management and absorb precious resources. Combined with the need to innovate in a highly competitive environment, this is causing some insurers to withdraw from long-standing core markets and product lines.

However, insurers are adapting by leveraging technology and developing operating models that are compliant with Solvency II. New business architectures will enable insurers to release better products more quickly and cheaply.

Gain market insight

The balance of power is shifting toward the customer, and distribution models are rapidly evolving. Emerging markets in Latin America, Asia, Africa and Eastern Europe are future battlegrounds that offer big prizes – but only if insurers can get it right.

Success will be achieved with patience, long-term investment and genuine understanding of local dynamics.


  • 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



Contact us

EY - Janice Deganis    Janice Deganis
National Leader
Insurance
519 571 3329
 
EY - Steve Yendall    Steve Yendall
Advisory Leader,
Insurance
416 943 2564
 
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Quickly-evolving technology emerges as a dominant force shaping the year ahead in Canada's life insurance sector. Leading life insurers will focus on these five actions to guide them through a shifting landscape.

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