• February 2017: IASB

    Amends guidance and revisits tentative decisions from external review draft of IFRS 17 Insurance Contracts.

  • Navigating volatility post-Solvency II

    We analyze the Directive’s first year, including volatility drivers, why investors and management are focusing on capital generation and how insurers should fine-tune their messaging.

  • The political landscape and policy uncertainty

    Insurance Governance Leadership Network participants met recently to exchange views on the changing US political landscape and the potential effects on the insurance sector.

  • The transformation mandate for insurers

    Insurance Governance Leadership Network participants met recently to discuss the complexity and sustainability of enterprise transformation and the role of the board in these efforts.

  • Using behavioral analytics to drive customer value

    By applying analytics that assess both the characteristics and behaviors of their customers, insurers have powerful tools to meet higher customer expectations.

  • 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.

  • 2017 Latin American insurance outlook

    Despite the dramatic economic downturn in the region in the past three years, insurers in the region have remained profitable and are poised for growth.

  • 2017 European insurance outlook

    Against a backdrop of political, economic and regulatory change, European insurers must rethink their strategies, products and business models to prepare for a transformed marketplace.

  • Ground rents: an opportunity for diversification

    In the current low-yield environment, ground rents are an asset class that offers attractive spreads and long-term cash flows with additional security.

金融服務

全球保險:龐大的潛在機會

儘管因為金融危機而不斷受到衝擊,全球保險市場仍極為強勁。低利率加上相對不理想的投資報酬阻礙了成長,但對保險產品的需求與服務仍持續高漲。

我們提供您市場中的細微差異,以及造成業界壓力的全球趨勢之深入觀察,讓您隨時都有所準備。

在風險與法規中維持敏捷

全球立法浪潮持續對管理造成壓力,並吸收了可貴的資源。加上在高度競爭環境中革新的需要,造成某些保險公司從營業已久的核心市場與產品線上退出。

然而保險公司正藉由善用科技以及發展能配合第二代償付能力 (Solvency II) 的業務模式加以因應,新的業務架構將能讓保險公司更快、更便宜地推出更優質的產品。

洞察市場趨勢

權力的平衡正向顧客靠攏,經銷模式也正在迅速演化。拉丁美洲、亞洲、非洲及東歐的新興市場是未來的戰場,提供龐大的獎勵--但保險公司必採取正確的行動。

藉由耐心、長期投資以及對當地動力的真正瞭解,才能達到成功。


  • 您準備好迎接第二代償付能力(Solvency II)了嗎?

    在最近的三方會商中,歐盟執委會提議將第二代償付能力的執行日期延後至2015年1月1日,但此提議並未達成共識。

    您準備好了嗎?

  • 精算與風險管理策略

    Never has it been more critical for insurance companies to identify and assess new options for value creation whilst continuing to manage the downside risks and complying with the requirements of new regulations such as Solvency II and IFRS. Insurance companies aspire to be well prepared and ready for the regulatory, economic and commercial uncertainties. We help companies identify sources of value creation and prepare them for these requirements and uncertainties.

    We have over 950 actuarial and insurance risk professionals across the globe, and by partnering with other services across EY, we aim to provide truly integrated services across all disciplines in the Insurance and Financial Services industries. Through our deep knowledge of the global insurance industry, local regulatory expertise and our understanding of the industry, we have built a strong reputation as a leading insurance industry advisor.

    We work with financial institutions (insurance companies, banks, pension funds, private equity firms, sovereign funds) as well as with local regulators to provide advisory services. Insurance companies worldwide are undergoing radical changes and there are some key questions to consider in the journey to value generation.

    • Risk and capital

      Insurance companies are increasingly changing their focus from static to dynamic optimisation of their risk portfolio as capital becomes a scarce resource and competition from other financial institutions increases. Dynamic optimisation involves continuous decision making on accepting, transferring, mitigating or rejecting risks and companies require credible, timely and fit for purpose insights to implement these decisions. We help companies optimise their risk portfolio under the current as well as expected new regulations such as Solvency II.

    • Customer and growth

      The insurance industry will be affected by a number of factors including environmental/political changes, socio-economic factors, product innovation and competition with other financial sectors, technological advancements and changing customer behaviour. We help companies understand these changes and help them prepare for these by providing practical experience and global insights and surveys. We also help companies understand which customers really create value and help with strategies to focus on value generating customer activities.

    • Financial reporting

      The insurance industry globally is undergoing a wave of new regulations and reporting requirements. It is important for companies to understand the implications of new reporting requirements, both on reported figures and on the wider business environment including companies’ business strategic and operational management. We help companies in understanding and preparing for an efficient external and internal reporting framework by providing actuarial services as part of integrated multi-disciplinary solutions.

    • Actuarial transformation and offshoring

      Insurance companies are increasing their focus on making actuarial and risk processes efficient and realising cost benefits. Companies are considering integrated finance, actuarial and risk reporting processes, use of shared service centres for achieving standardisation in quality of output, and off-shoring of certain actuarial skill sets to achieve cost-effectiveness. We help companies in simplifying their actuarial infrastructure and realising cost efficiency by streamlining or off-shoring/outsourcing their actuarial and finance reporting processes.

    • Modelling

      Actuarial and risk models are increasingly becoming important to the business operations and the focus on the output from these models is growing. Whilst the requirements for a fast close of actuarial reporting is a concern for companies, regulatory focus, and the requirement to put a robust control environment around models is increasing as well. We help companies make their actuarial and risk models efficient and fit for purpose.

    • Audit and Assurance

      Our actuaries work within our audit teams to assess the appropriateness and accuracy of the most critical elements of insurance company financial statements, including the actuarial reserves and other key estimates calculated using specialized actuarial techniques. Actuarial audit activities reduce the risk of critical errors in financial statements and the risk of inaccurate assessment of the financial risks to which the enterprise is exposed. Our actuaries provide insight to company management and Board of Directors on items of strategic importance. They also provide focused advisory assistance on matters observed through the audit process. Actuaries working in audit and assurance also perform audit-like services for non-audit clients, including reserve reviews, regulatory examinations and assistance in the adoption of new financial reporting standards.

    • Asset management

      Asset management is interlinked with capital optimisation, product optimisation and financial modelling. With continuing product innovation and competition from other financial sectors, optimal asset management strategies are key to achieving competitive advantage. We help companies in their asset liability management, derivative pricing and performance management.

    • Merger and acquisitions

      As companies revisit and optimise their portfolio, they will look to acquire and consolidate more attractive businesses, and dispose of the businesses where they cannot compete in. With depressed valuations in many insurance markets and the changing business strategy of large multinationals, the mergers and acquisitions market is poised to become more active. We provide integrated services with our Transaction Advisory team to help companies in valuations and post merger integration.



    Related content

     

  • 為國際會計準則(IFRS) / 會計改變做好準備

    我們與全球經濟的相關性日益緊密,貿易與境內外投資已成為趨勢,無怪乎資本市場一直鼓吹全球認可的會計準則。

    直到最近,通用會計用語一直都是失落的一環。現在政策制定者、立法者、規範當局與準則設定者正攜手合作,提供全球通用的單一高品質原則。

    在您為這項轉變做準備時,將可受惠於我們即時的深入觀察。

  • 顧客議題

    全球保險顧客的購買行為、態度與偏好正在改變。要瞭解這種轉型,保險公司需要決定他們該如何適應,藉此吸引、深化並維持顧客關係。

     

     

  • 業界現今所面臨的治理

    我們與Tapestry Network建立了保險管治領導網路 (IGLN),這是一個供亞洲、北美及歐洲最大的幾家保險公司非執行董事使用的全球網路。IGLN提供參與者的同儕論壇,討論全球業界面臨的重大議題

    其主要焦點是非執行董事,但也加入資深管理層(特別是風險長)以及監管官員,他們都為卓越的治理與監督許下承諾,以支援打造強大、持久且可靠的保險機構之任務。

    Tapestry簡報--來自董事會的觀點:

     

     

     

     

     

     

     

     

     

     

  • 營運與科技:執行效率

    在近幾年,新一代的科技已經讓保險公司重燃興致,想使用資訊科技更有效管理理賠案件。

    然而要達到預期中的業務益處,還有很多挑戰要克服。您已經從資訊科技投資中,得到所需的理賠績效改善了嗎?

    根據最新研究,保險公司藉由改變作法,可得到更高價值。

    我們的調查《透過理賠科技提供成果》,探索了法國、德國、義大利、西班牙及英國投資在理賠技術上的挑戰與機會。

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  • 新興市場的崛起

    全球經濟體正在轉捩點,亞洲、中東、拉丁美洲及東歐等快速成長的經濟體目前佔了全球國內生產總值(GDP)將近一半,在2010年,他們對全球成長的貢獻達到七成。

    這些趨勢正在加速,快速成長的經濟體至2050年預期會佔全球經濟的65%。相反的,大部分已開發市場還在掙扎於從全球衰退中復甦。對許多企業來說,他們的生存全繫於追求成長議題,此可能包括擴張至新的市場與產業、尋求新的革新方法,或者對人力資源採取新的態度。但一定要回答的一個關鍵問題是:您的保險業務是否抓住了許多現有的機會?

     

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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.