• Insurance Accounting Alert May 2017

    The IASB has issued IFRS 17, a comprehensive new accounting standard for insurance contracts. Here’s what you need to know.

  • 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.

  • Solvency II and life reinsurance

    Increased freedom under Solvency II means insurers can recognize 100% of reinsurance benefits in their capital calculations, increasing the attractiveness of reinsurance for insurers.

  • Financial Services Briefing

    Bringing together the latest in EY’s insights and thought leadership for financial services.

  • Smarter financial crime compliance

    The cost of meeting KYC and AML requirements with human resources is staggering. Learn how data analytics and RPA offer banks a lifeline.

  • Global insurance M&A themes 2017

    Three trends are likely to dominate the year: portfolio optimization, technology-driven investment and ongoing consolidation. Learn the critical success factors for each.

Financial Services

Global insurance: 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.




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    EY - Sumit Narayanan Sumit Narayanan
    Asean Insurance Leader
    Contact  | +65 6309 6452

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    Innovation creating value in the insurance industry

    EY - Innovation creating value in the insurance industry

    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.

    Financial Services Briefing – Issue 3, 2016

    EY - Financial Services Briefing – Issue 3, 2016

    Bringing together the latest in EY’s insights and thought leadership for financial services.

    Contact us

    Mak Keat Meng
    Insurance industry leader
    Singapore
    Tel: +65 6309 6738

    Contact a number of our local team

    EY CRO Roundtable Series

    ERM implementation for Singapore Insurers
    The Monetary Authority of Singapore issued MAS Notice 126 on Enterprise Risk Management for Insurers (pdf, 1.1mb) which will be effective from 1 January 2014.