The IASB’s Transition Resources Group for IFRS 17 met to discuss numerous implementation issues of IFRS 17 Insurance Contracts and what it means for insurers.
Insurance Accounting Alert - February 2018
A leadership crisis for top insurance groups
Customer experience of the future
The future of insurance
Securing the financial future with data governance
Insurance M&A deal outlook remains healthy
Impact of IFRS 17 on insurers
Profit optimization and cost excellence
EY and Guardtime launch marine blockchain platform
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
- Digital transformation in insurance
- Global compliance reporting
- 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
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Our global analysis reveals how insurers need to recognize the opportunities in emerging markets and rethink strategies to transform consumer behavior and business models.
Insurers must move faster and with greater purpose toward a bolder strategic vision if they are to survive and thrive in the digital era.
The first-of-its-kind platform connects clients, brokers and insurers in the marine insurance sector to distributed common ledgers that capture data about identities, risk and exposure.
Powerful forces reshaping the world are having a profound impact on the insurance industry. Watch our video to understand the implications it is having on insurers.