In the second of our EY Innovation series, we focus on the changing boundaries between client and insurer within the context of cyber risk.
Navigating change to seize new global opportunities
Profound regulatory change. Unprecedented opportunity in emerging markets. Lingering economic uncertainty. Technology-driven disruptions. Rising consumer expectations. Intense cost and competitive pressures.
Our global team of industry professionals helps insurers navigate these challenges — and seize the strategic opportunities they represent. We help you find better answers by asking better questions about the most critical aspects of the business:
- Finance, risk and actuarial
Stronger alignment across finance, risk and actuarial teams is taking place to address the wave of regulatory and accounting change and to promote efficiency and consistency of analysis and reporting.
- Operational excellence
Automation, rationalization and optimization are the keys to achieving exceptional operations and sustaining margins in the face of cost pressures.
- Using behavioral analytics to drive customer value
- Life Insurance Operations
- Underwriting, Product & Policy
- Stronger customer connections
Tailored product offerings, personalized experiences, and streamlined sales and service processes deliver what customers want and drive growth.
- Mergers and acquisitions
Current market challenges present numerous growth and investment opportunities for insurers around the world.
- Technology-enabled transformation
Enhanced technology can result in breakthrough performance gains in claims, underwriting, policy and billing.
- Governance, risk and compliance
The Insurance Governance Leadership Network (IGLN) is committed to building strong, enduring and trustworthy insurance institutions.
- Emerging market strategies
New technology and increasing consumer demand offer opportunities in Africa, Brazil, China, India and other fast-growth economies.
- The future of health insurance
From usage-based insurance to wearable technology, disruptive trends and innovations are bringing about an era of profound change.
Connect with us
Stay connected with us through social media, email alerts or webcasts.
Hong Kong insurers will need to interpret and apply IFRS 17 to their insurance contracts - a process involving significant time and effort.
EY co-hosted a workshop with the Hong Kong Federation of Insurers (HKFI) on “Innovation creating value in the insurance industry” in the Asian Financial Forum.
The fast-paced evolution in the motor industry has driven forward-thinking insurers to conceptualize Pay How You Drive (PHYD) Insurance, or Telematics.