The document identifies the top 10 risks and opportunities faced by global insurance organizations based on a survey of 65 insurance executives. Key risks included macroeconomic trends, regulation, the Eurozone crisis, and attracting talent. Opportunities centered around improved distribution/products, promoting fair customer outcomes, and growth in emerging markets. The findings suggest insurers must improve customer focus, flexibility, and risk management to adapt to lower returns and stricter rules.
Insurers are upgrading their technology to support more complex
products, lower operating costs, and get closer to their customers.
But they can do more harm than good when they make changes
that alienate their independent agents. We’ve identified five steps
that can help insurers engage agents early and create a
transition plan that meets agents’ needs—converting these
important stakeholders into enthusiastic advocates.
In spring 2016, PwC investigated the current state and
future direction of stress testing. We surveyed 55 insurers
operating in the US about their stress testing framework and
the specific stresses that they test. We also engaged in more
detailed dialogue with a number of insurers in the US and
globally, as well as with some North American insurance
regulators.
Health Services Tax Conference May 18-19, 2015, Presentations included: Mega Trends and the Impact on Healthcare, The Healthcare Industry: A View from Washington and The New Health Economy.
The group insurance market shows real promise but, as of yet, most carriers are still trying to determine the best path forward. Moving from being in a quiet sector to the front lines of new ways of doing business has shaken the industry and confronted it with challenges –and opportunities – many could not have foreseen even a decade ago.
Stepping into the cockpit- Redefining finance's role in the digital agePwC
Insurance finance functions have been refining their
operating models to better align with business partner
demands, as well as adopting leading practices on how
to best utilize people, process and technology. The
challenge is that the business landscape is continuously
shifting and the pace of change is rapidly accelerating.
Insurance M&A activity in the US rose to unprecedented levels in 2015, surpassing what had been a banner year in 2014. There were 476 announced deals in the insurance sector, 79 of which had disclosed deal values with a total announced value of $53.3 billion. This was a significant increase from the 352 announced deals in 2014, of which 73 had disclosed deal values with a total announced value of $13.5 billion. Furthermore, unlike prior years where US insurance deal activity was isolated to specific subsectors, 2015 saw a significant increase in deal activity in all industry subsectors.
Insurers are upgrading their technology to support more complex
products, lower operating costs, and get closer to their customers.
But they can do more harm than good when they make changes
that alienate their independent agents. We’ve identified five steps
that can help insurers engage agents early and create a
transition plan that meets agents’ needs—converting these
important stakeholders into enthusiastic advocates.
In spring 2016, PwC investigated the current state and
future direction of stress testing. We surveyed 55 insurers
operating in the US about their stress testing framework and
the specific stresses that they test. We also engaged in more
detailed dialogue with a number of insurers in the US and
globally, as well as with some North American insurance
regulators.
Health Services Tax Conference May 18-19, 2015, Presentations included: Mega Trends and the Impact on Healthcare, The Healthcare Industry: A View from Washington and The New Health Economy.
The group insurance market shows real promise but, as of yet, most carriers are still trying to determine the best path forward. Moving from being in a quiet sector to the front lines of new ways of doing business has shaken the industry and confronted it with challenges –and opportunities – many could not have foreseen even a decade ago.
Stepping into the cockpit- Redefining finance's role in the digital agePwC
Insurance finance functions have been refining their
operating models to better align with business partner
demands, as well as adopting leading practices on how
to best utilize people, process and technology. The
challenge is that the business landscape is continuously
shifting and the pace of change is rapidly accelerating.
Insurance M&A activity in the US rose to unprecedented levels in 2015, surpassing what had been a banner year in 2014. There were 476 announced deals in the insurance sector, 79 of which had disclosed deal values with a total announced value of $53.3 billion. This was a significant increase from the 352 announced deals in 2014, of which 73 had disclosed deal values with a total announced value of $13.5 billion. Furthermore, unlike prior years where US insurance deal activity was isolated to specific subsectors, 2015 saw a significant increase in deal activity in all industry subsectors.
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwC
PwC's technology industry publication provides a comprehensive analysis of recent SEC staff comments and disclosures to assist you in understanding the key trends relevant to companies in the technology sector.
Overwhelming support: US public opinions on the manufacturing industyDeloitte United States
Americans still have mixed views about the future of manufacturing. The results of this year’s survey—our fifth over the past six years—gauging Americans perspectives on the US manufacturing industry, relative to other industries, reveal that the vast majority of Americans continue to view US manufacturing as crucial to America’s economic prosperity, standard of living, and national security. However, less than half believe the US can compete globally in manufacturing.
For more on the report, visit http://www2.deloitte.com/us/en/pages/manufacturing/articles/public-perception-of-the-manufacturing-industry.html
Beyond the secular forces that we describe in our Future of Insurance series1, more immediate and cyclical issues will be shaping the insurance executive agenda i n 2 016 .2 Commercial insurers (including reinsurers) face tough times ahead with underwriting margins that are being pressured by softening prices and a potentially volatile interest rate environment.
International Capital Standard (ICS) Background PwC
PwC US risk & capital management leader Henry Essert and PwC global insurance regulatory director Ed Barron
recently sat down to discuss the proposed International Capital Standards (ICS) for insurers. They addressed at
length what the ICS is and what it could mean to insurers. The following pages contain their thoughts on the
standard, as well as some background information on capital management and related issues in the
insurance industry.
One of the fastest growing concerns on insurers’ enterprise risk agenda is model risk
management. From being a phrase that primarily actuaries and other modelers used, “model risk” has become a major focus of regulators and the subject of intense activity and debate at insurers. How model risk management has evolved from ad hoc efforts to its currentproactive stage is an interesting story. But more interesting still is
what we believe could be its next stage – generating measurable business value.
7 Ways Insurance Brokers Should Approach InsurTechSiren Group
“InsurTech” is a term used quite often these days – a spin-off of the even more popular word “FinTech.” It refers to technologies and platforms. These platforms can help optimize any of the principles for success or requirements of insurance.
InsurTech encompasses companies that provide insurance, but engage technology in a user-centric way.
Here are 7 ways of making InsurTech the heart of your business:
Mercer Capital's Value Focus: Insurance Industry | Q3 2015Mercer Capital
Mercer Capital’s Insurance Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to insurance brokers, underwriters, and other industry professionals. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
Carriers have historically been backwards-focused and have tended to maintain established processes without question. They also have the propensity to be risk-averse. These characteristics need to change. Carriers must be willing to try new things without betting the ranch or subjecting the company to undue risk.
Basel III Mortgages: Australia - Key Themes and Strategic Approachaccenture
The point of view explores the new Basel III reforms and the significant impact they will have on data and systems in Australia. The piece offers a strategic approach to Basel III Mortgages and outlines five key questions Australia’s banks need to ask as they prepare for additional regulatory obligations.
Like the rest of the financial services industry, insurers are subject to increasingly complex and prescriptive regulations and standards. In the year ahead, insurers will need to focus on the new U.S.Department of Labor fiduciary standard, which is likely to have a significant effect on how insurance products are sold. Moreover, global developments, especially those related to the developing International Capital Standard, will require insurers to closely monitor – and ideally contribute to – official discussions about how globally active insurers should manage capital
Discussion of strategies for increasing profits without focusing on expense reduction but instead on areas with leverage like claims. Specific examples for gaining an edge are discussed.
Communiqué features articles focusing on the latest hot topics for anesthesiologists, nurse anesthetists, pain management specialists and anesthesia practice administrators.
Communique is created by Anesthesia Business Consultants (ABC), the largest physician billing and practice management company specializing exclusively in the practice of anesthesia and pain management.
ABC serves several thousand anesthesiologists and CRNAs nationwide with anesthesia billing software solutions.
Please send your email address to info [at] anesthesiallc [dot] com if you would like to join the Communique mailing list!
Visit www.anesthesiallc.com for more information!
A report looking at comparative rankings of cities specifically
within APEC across multiple indicators; including housing, hard infrastructure, cultural vibrancy, tolerance and inclusion.
Retailers who are proactive with their approach to consumer privacy and retail cyber security will create more meaningful data and consumer engagement.
2014 Property & Casualty Insurance Industry Outlook: Innovation leading the wayDeloitte United States
On the surface the property and casualty sector appears to be doing quite well, but running an insurance carrier is rarely smooth sailing. The last few years have been particularly difficult for those occupying C-Suite positions, as more fundamental issues are threatening not only short-term results on their balance sheets, but challenging the long-term viability of their operating models as well.
For example, a growing number of insurers are facing significant organizational disruption. Many have made large-scale investments in technology, replacing core systems for claims, policy administration and finance. Their chief challenge now is how to effectively leverage the new systems they’ve put in place and maintain their momentum with additional innovations in personnel, products and culture.
Additionally, ongoing political gridlock in Washington could undermine an already unsteady economic recovery. Not to mention regulatory uncertainty that makes it difficult for carriers to plan ahead and determine operational priorities.
Innovation may ultimately be the key to keep insurers growing regardless of shifting economic and insurance market conditions, as they devise ways to thwart ongoing and emerging competitive threats as well as capitalize on new opportunities.
For more - visit http://www.deloitte.com/view/en_US/us/Industries/Insurance-Financial-Services/039bdd0819e23410VgnVCM3000003456f70aRCRD.htm
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwC
PwC's technology industry publication provides a comprehensive analysis of recent SEC staff comments and disclosures to assist you in understanding the key trends relevant to companies in the technology sector.
Overwhelming support: US public opinions on the manufacturing industyDeloitte United States
Americans still have mixed views about the future of manufacturing. The results of this year’s survey—our fifth over the past six years—gauging Americans perspectives on the US manufacturing industry, relative to other industries, reveal that the vast majority of Americans continue to view US manufacturing as crucial to America’s economic prosperity, standard of living, and national security. However, less than half believe the US can compete globally in manufacturing.
For more on the report, visit http://www2.deloitte.com/us/en/pages/manufacturing/articles/public-perception-of-the-manufacturing-industry.html
Beyond the secular forces that we describe in our Future of Insurance series1, more immediate and cyclical issues will be shaping the insurance executive agenda i n 2 016 .2 Commercial insurers (including reinsurers) face tough times ahead with underwriting margins that are being pressured by softening prices and a potentially volatile interest rate environment.
International Capital Standard (ICS) Background PwC
PwC US risk & capital management leader Henry Essert and PwC global insurance regulatory director Ed Barron
recently sat down to discuss the proposed International Capital Standards (ICS) for insurers. They addressed at
length what the ICS is and what it could mean to insurers. The following pages contain their thoughts on the
standard, as well as some background information on capital management and related issues in the
insurance industry.
One of the fastest growing concerns on insurers’ enterprise risk agenda is model risk
management. From being a phrase that primarily actuaries and other modelers used, “model risk” has become a major focus of regulators and the subject of intense activity and debate at insurers. How model risk management has evolved from ad hoc efforts to its currentproactive stage is an interesting story. But more interesting still is
what we believe could be its next stage – generating measurable business value.
7 Ways Insurance Brokers Should Approach InsurTechSiren Group
“InsurTech” is a term used quite often these days – a spin-off of the even more popular word “FinTech.” It refers to technologies and platforms. These platforms can help optimize any of the principles for success or requirements of insurance.
InsurTech encompasses companies that provide insurance, but engage technology in a user-centric way.
Here are 7 ways of making InsurTech the heart of your business:
Mercer Capital's Value Focus: Insurance Industry | Q3 2015Mercer Capital
Mercer Capital’s Insurance Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to insurance brokers, underwriters, and other industry professionals. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
Carriers have historically been backwards-focused and have tended to maintain established processes without question. They also have the propensity to be risk-averse. These characteristics need to change. Carriers must be willing to try new things without betting the ranch or subjecting the company to undue risk.
Basel III Mortgages: Australia - Key Themes and Strategic Approachaccenture
The point of view explores the new Basel III reforms and the significant impact they will have on data and systems in Australia. The piece offers a strategic approach to Basel III Mortgages and outlines five key questions Australia’s banks need to ask as they prepare for additional regulatory obligations.
Like the rest of the financial services industry, insurers are subject to increasingly complex and prescriptive regulations and standards. In the year ahead, insurers will need to focus on the new U.S.Department of Labor fiduciary standard, which is likely to have a significant effect on how insurance products are sold. Moreover, global developments, especially those related to the developing International Capital Standard, will require insurers to closely monitor – and ideally contribute to – official discussions about how globally active insurers should manage capital
Discussion of strategies for increasing profits without focusing on expense reduction but instead on areas with leverage like claims. Specific examples for gaining an edge are discussed.
Communiqué features articles focusing on the latest hot topics for anesthesiologists, nurse anesthetists, pain management specialists and anesthesia practice administrators.
Communique is created by Anesthesia Business Consultants (ABC), the largest physician billing and practice management company specializing exclusively in the practice of anesthesia and pain management.
ABC serves several thousand anesthesiologists and CRNAs nationwide with anesthesia billing software solutions.
Please send your email address to info [at] anesthesiallc [dot] com if you would like to join the Communique mailing list!
Visit www.anesthesiallc.com for more information!
A report looking at comparative rankings of cities specifically
within APEC across multiple indicators; including housing, hard infrastructure, cultural vibrancy, tolerance and inclusion.
Retailers who are proactive with their approach to consumer privacy and retail cyber security will create more meaningful data and consumer engagement.
2014 Property & Casualty Insurance Industry Outlook: Innovation leading the wayDeloitte United States
On the surface the property and casualty sector appears to be doing quite well, but running an insurance carrier is rarely smooth sailing. The last few years have been particularly difficult for those occupying C-Suite positions, as more fundamental issues are threatening not only short-term results on their balance sheets, but challenging the long-term viability of their operating models as well.
For example, a growing number of insurers are facing significant organizational disruption. Many have made large-scale investments in technology, replacing core systems for claims, policy administration and finance. Their chief challenge now is how to effectively leverage the new systems they’ve put in place and maintain their momentum with additional innovations in personnel, products and culture.
Additionally, ongoing political gridlock in Washington could undermine an already unsteady economic recovery. Not to mention regulatory uncertainty that makes it difficult for carriers to plan ahead and determine operational priorities.
Innovation may ultimately be the key to keep insurers growing regardless of shifting economic and insurance market conditions, as they devise ways to thwart ongoing and emerging competitive threats as well as capitalize on new opportunities.
For more - visit http://www.deloitte.com/view/en_US/us/Industries/Insurance-Financial-Services/039bdd0819e23410VgnVCM3000003456f70aRCRD.htm
Etude PwC "18th Annual Global CEO Survey Insurance 2015"PwC France
L'étude "18th Annual Global CEO Survey 2015" du secteur de l’assurance, donne l’avis de 80 dirigeants répartis dans 37 pays sur les tendances majeures du secteur.
Analytics is a two-sided coin. While on one side, it uses
descriptive and predictive models to gain valuable knowledge from data, i.e. data analysis, on the other side, it provides insight to recommend action or guide decision making, i.e. communication
2014 Life Insurance and Annuity Industry Outlook Transforming for growthDeloitte United States
It’s 2014. Is it the best of times? Is it the worst of times? Or is it both for the financial services industry?
For a view into where and how growth will emerge or solidify in 2014, the Deloitte Center for Financial Services sought insight and first-hand experience from nearly 200 of Deloitte’s financial services practitioners.
Their views yielded insight into how banks and the capital markets are repositioning for growth. How the commercial real estate market is trimming its sails for growth. How the insurance industry is transforming for growth. And, how investment management is faring on its quest for accelerated growth.
http://www.deloitte.com/view/en_US/us/Industries/Private-Equity-Hedge-Funds-Mutual-Funds-Financial-Services/center-for-financial-services/cdfdf026b94fa310VgnVCM2000003356f70aRCRD.htm
Исследование Insurance Banana Skins 2015PwC Russia
В исследовании Insurance Banana Skins 2015, направленном на изучение рисков в сфере страхования в 2015 году и проведенном Центром по изучению финансовых инноваций (ЦИФИ) совместно с фирмой PwC, участвовало более 800 респондентов из числа страховщиков и сторонних наблюдателей из 54 стран мира. Цель исследования заключалась в том, чтобы выяснить, какие риски, по их мнению, представляют наибольшую опасность для страхового сектора в ближайшие 2‒3 года.
Новое исследование основных рисков в сфере страхования показало, что в число самых серьезных рисков для страховщиков теперь входят киберриски и процентные ставки. Эти риски появились в рейтинге пятого обзора впервые за все время проведения исследований. Таким образом, становится очевидно, насколько большую озабоченность они вызывают в отрасли, если они рассматриваются в одном ряду с изменениями в нормативно-правовом регулировании и макроэкономикой в более широком контексте.
With support by the CII, Marketforce launched this special report providing a snapshot of the challenges and opportunities the industry is facing - and how to prepared it is to meet them.
Based on responses from over 1000 senior insurers, in this report you will find dedicated chapters on digital, analytics, operations, claims, fraud and more.
Would you like to meet like-minded insurers? On November 7th, 8th and 9th we're holding our 16th annual The Future of General Insurance conference.
Find out more about the event here: http://bit.ly/1TKDIgQ
Cloud Enabled Transformation In InsuranceCapgemini
Immature capabilities and growing market disruptors are compelling insurers to act swiftly and become fully customer centric. According to the World Insurance Report 2015 less than 30% of customers are having positive customer experiences globally forcing Insurers to reinvent their ability to deliver positive customer experience across the entire customer journey.
Capgemini's ACEs (All Channel Experience) for Insurance is built on Salesforce the leading CRM platform to help insurers improve their core capabilities and enrich customer experiences regardless of customer channel or device preferences.
Find out how Cloud-Enabled Transformation in Insurance from Capgemini and Salesforce is a faster and less disruptive way for insurers to rapidly evolve digital capabilities to achieve customer experiences that leave your customers wanting more!
Please find here our first Insurance Review on Digital Disruption of the Insurance sector. We've put together the best, most shared and liked articles on this topic. All articles have been published before on our Financial Services blog
Please find here our first Insurance Review on Digital Disruption of the Insurance sector. We've put together the best, most shared and liked articles on this topic. All articles have been published before on our Financial Services blog
4th Annual RiskMinds Insurance Conference - Stream B: The future of Insurance...accenture
Eric Jeanne & Markus Salchegger discuss ”What will the market look like and how will it behave? Drivers of change and opportunities for Insurers” at the 4th Annual Risk Minds Insurance Conference in March 2015.
Insurers are continuing to face marked changes in what customers expect in terms of products and service, how they obtain and utilize the information that informs business decisions, and their underlying business and operating models. Top Insurance Industry Issues in 2016 describes in detail the internal and external changes insurers face and how they can gain a competitive advantage..
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
EY Business Pulse Report - Top 10 risks and opportunities for insurance in 2013 and beyond
1. 1
Insurance Business Pulse, 2013–2015
Exploring the top 10 risks and opportunities faced by
global insurance organizations
2. 2
Executive summary
The Insurance Business Pulse report identifies the
top 10 risks and opportunities faced by insurance
organizations today and in the next few years,
based on a survey of executives at 65 companies
across the globe, representing both emerging and
developed markets.
The findings make clear that insurance companies
must adjust to the new environment of lower
returns on assets and stricter regulation on
everything from capital allocation to commission
rates and customer care. In their search for
growth, insurers are confronted with a shortage of
skills, new threats, concerns about operational and
reputational risk, and higher consumer
expectations. Of course, the risks and challenges
also represent opportunities for insurers to drive
transformation and gain competitive advantage.
The results can be used as a roadmap for
navigating significant challenges and a benchmark
to guide strategic decision-making.
The key findings:
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
Companies are renewing customer focus to
meet demand — one individual at a time.
Flexibility must be built into all aspects of the
business to achieve cost competitiveness.
Regulation could lead to more effective risk
management and help bolster stakeholder
confidence in the industry.
3. 3
Business model innovation is number 10 risk in 2015
Risk ranking 2013 2015 Opportunity ranking 2013 2015
Macroeconomic trends 1 2
Improved distribution and product
development 1 3
Regulation 2 1 Promoting fair outcomes for customers 2 2
Eurozone debt crisis 3 4
Shifting sales to accommodate changing
customer needs 3 1
Reputational risk 4 8
More effective enterprise-wide risk
governance 4 4
Corporate governance failures 5 7 Growth in emerging markets 5 5
Cyber-risk and data security 6 3
Re-optimizing capital structures and
redesigning asset liability strategies 6 6
Talent recruiting skills 7 5 Impact of global demographic changes 7 8
Impact of tax and accounting changes 8 9
Personalization of medicine and
insurance policies 8 10
Operational risk 9 13 Exponential growth of data and
analytical tools 9 6
Availability and cost of capital 10 6 Rise of social media tools 10 9
The Insurance Business Pulse survey identifies the top issues on the
minds of insurance executives.
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
4. 4
Cost competitiveness
Working with less
Stakeholder confidence
The right response to risk
Operational agility
Keeping one step ahead
Customer reach
Meeting demand one individual at a time
Since the 2008 fiscal crisis, obtaining capital
has been more difficult — presenting stark
choices and making cost competitiveness a
market imperative. Tomorrow’s winners will
be those that have clear strategies regarding
capital-structure optimization and asset
liability.
The fiscal crisis limited the ability of insurers to
reach customers and dampened overall demand.
However, the prospects are bright for companies
that can revamp distribution and communications
channels. “Re-launching the brand” will allow
insurers to reach new consumers as household
incomes grow in developing markets and engage
new segments in mature markets.
The top risks and opportunities can be organized around four key drivers
of growth identified by EY’s Growing Beyond program.
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
Increasing regulation challenges insurers but
also presents opportunities to establish more
effective risk management through effective
enterprise-wide governance and also bolster
the confidence of stakeholders. That’s a
crucial point as insurers develop new products
aimed at consumer segments unfamiliar with
purchasing insurance.
In the current environment, predicting and reacting
to change can be a major source of competitive
advantage. However, insurers must have a realistic
sense of their agility to better gauge their appetite
for variability and risk. The more agile a firm is, the
more comfortable the board can be with strategies
affected by changing conditions.
5. 5
Cost competitiveness
Sustaining companies’
economic viability
Customer reach
Maximizing potential
market opportunity for
products and services
Greatest
Impact
Stakeholder confidence
Allowing firms to build
stronger relationships
with stakeholders
Operational agility
Improving organizations’
ability to deliver effectively in
a quickly changing market
The risk and opportunity Radar
At the center of the radar are the risks and opportunities identified by survey respondents as having the biggest impact on major
organizations worldwide.
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
6. 6
Macroeconomic trends
Eurozone debt crisis
Operational risk
Reputational risk
Cyber-risk and data security
Impact of tax and
accounting changes
Availability and
cost of capital
Regulation
Talent recruiting skills
Corporate governance failures
Less in
2015
2013 ranking and expected
2015 ranking
Up in
2015
Same
in 2015
• Less in
2015
Cost Competitiveness Customer Reach
Operational AgilityStakeholder Confidence
The insurance sector needs
to adjust to a new
environment.
Where the risk is
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
7. 7
Improved distribution and
product development
Re-optimizing capital structures and
redesigning asset liability strategies
Shifting sales to accommodate
changing customer needs
Exponential growth of data
Impact of global demographic changes
and analytical tools
Promoting fair outcomes for customers
More effective enterprise-wide risk
governance•
Personalization of medicine and
insurance policies
Rise of social media tools
Growth in emerging markets •
Cost Competitiveness Customer Reach
Operational AgilityStakeholder Confidence
Growth opportunities are
within reach for companies
that improve customer reach,
rethink risk management and
embrace data innovation.
•
Where the opportunity lies
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
Less in
2015
2013 ranking and expected
2015 ranking
Up in
2015
Same
in 2015
• Less in
2015
8. 8
Imperatives for insurers
Macroeconomic trends
Flat interest rates and financial market instability
The slower pace of growth in many markets affects insurers’ ability
to provide coverage at an acceptable rate of return — as well as consumers’ need for
coverage. Macroeconomic trends are the top current risk because they fundamentally
distort efforts to identify, differentiate and retain new customer groups.
Meet
customer
need for
coverage
Address
regulatory
changes
across
geographies
Maximize
customer
profitability
Seize the
fee-for-service
opportunity
Risks
#1Risk
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
9. 9
Regulation
Expanding scope and coordination among regulatory regimes
Insurance companies have been preparing for the far-reaching impacts of Solvency II for several years. The
directive — intended to standardize the European insurance market by aligning regulations across the borders of
EU member states — will provide greater global coordination of regulation. But it also presents a potentially difficult
transition as companies must implement substantial changes to meet SII requirements.
Potential for worldwide impact in
insurance
Uncertain implementation date
Risk of delay to 2015 because of
European Parliament action on
Omnibus II
Solvency II
Adjust equity portfolios
Manage compliance costs
Keep customer focus
Imperatives for insurers
#2Risk
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
10. 10
Eurozone crisis: global concerns
The Eurozone debt crisis is both a consequence of the recent financial downturn
and a potential trigger for future uncertainty.
0.1% contraction of EU GDP in 2013
Governments “muddling” through
High unemployment
Consumer skepticism toward financial institutions
Seize opportunities to build loyalty
Enhance cross-selling capabilities
Cultivate transparency and two-way consumer
communications
Imperatives for Insurers
Reputational risk: caught in the crossfire
Multiplying regulations mean a greater chance of non-
compliance, leading not only to fines and sanctions, but also to
the perception of lax ethics. The stakes are high as a lack of
trust and reduced loyalty among customers and shareholders
can have severe consequences for insurers.
#4Risk
#3Risk
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
11. 11
Corporate governance failures:
The need to maintain trust
The fallout from the financial crisis has led to a rise in shareholder activism and a
sense that complying with the letter of the law is not enough. Though there have
been few examples of corporate governance failure in insurance (especially
compared to banking), the central issue of trust remains critical to insurers.
Rethink executive compensation
Focus board on shareholder interests
Make compliance function a proxy for regulators
Recognize threats as strategic risks
Look beyond IT impacts
Align board, CROs and CIOs
Imperatives for insurers
Sophisticated hacking tools, the rising threat of state-sponsored
attacks, and concerns about mobile app security are among the
reasons cybersecurity will be a top-three risk by 2015. The
intense focus on digital channels requires insurers to protect
personal data.
Cyber-risk/data security:
containing growing threats
Imperatives for insurers
#6Risk
#5Risk
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
12. 12
Maintain customer focus
Coordinate compliance efforts
Streamline and automate reporting processes
Imperatives for insurers
Systemic regulatory overhauls across the industry could have a
substantial impact on insurers’ cost competitiveness — a good
example of “known” risks. However, uncertainty persists about the
coordination of standards across jurisdictions.
Impact of tax and accounting changes
Talent: attracting skills and retaining knowledge
Cybersecurity and risk management. Technical and math skills. Analytical and
modeling abilities. Leadership, customer experience and sales strategies.
Insurers must address significant gaps in their current talent base, while retaining
existing expertise. Add to that a critical shortage of actuaries, significant and
unique recruitment issues in developing markets, and it’s no wonder that
talent-related issues are moving up the risk agenda of senior leaders.
Attract younger more tech-savvy work force
Retain existing expertise and institutional knowledge
Optimize incentive compensation
Imperatives for insurers
Dodd-Frank
+IASB + FASB
=
More complexity and potential
Loss of consumer focus
#8Risk
#7Risk
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
13. 13
Risk quantification
Efficient compliance processes
Scenario planning and stress testing
Risk-informed decision making
Visibility into IT risk
Engage regulators and industry associations
Communicate with investors
Model revenue shifts
Imperatives for insurers
To remain cost competitive, insurers need to adapt business
models to the slower-growth environment — an imperative likely
to increase in importance by 2015. The industry’s enforced shift
away from asset-based income streams has had a considerable
impact on attracting investors. Income generated by fee-based
services will be subject to fluctuations within the wider economy.
Availability and cost of capital:
How to attract investors?
New capabilities required:
#10Risk
#9Risk
Operational risk: new capabilities required
There is new urgency to quantify risk to meet new regulatory demands regarding
consumer protection and to establish positive feedback loops in operational risk
management, so that there is transparency into impacts on capital requirements.
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
14. 14
New technology can power game-changing innovations.
Improved distribution and product development
Have online research and price comparison sites replaced the agent and broker once and for all? Is personal interaction
dead? No, but they have forever changed product development and distribution. The creative use of products and
distribution techniques can change customer behavior. Effective collation and analysis of data can enable carriers to
perceive and target demand for new products, control the customer experience and manage costs.
Opportunities
#1Opportunity
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
15. 15
As regulatory scrutiny
increases, trust remains
a source of competitive
advantage.
Promoting fair outcomes for customers
Consumers want and expect to trust their insurance companies. That’s why carriers must embrace the underlying principles
behind fair outcomes, rather than just “checking the box” of compliance. Solvency II and other new regulations will help
boost consumer confidence and attract investors. But companies that focus on treating customers fairly are ahead of the
curve with both customers and regulators in instilling stakeholder confidence.
#2Opportunity
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
16. 16
Shifting sales to accommodate changing
customer needs and a fast-changing world
It’s all about speed and agility if sales and marketing programs are
going to detect and deliver against shifting customer sentiments.
Firms that can integrate customer research, product development
and sales strategy and streamline decision-making processes will
gain competitive advantage and new revenue streams as
investment income shrinks.
More effective enterprise-wide risk
governance
Regulators, customers and other stakeholders need assurance
that insurers understand their risk exposure and know how to
minimize it. Regulators want to know that insurers have enough
capital on hand and strong internal processes to manage risk.
That’s why the board must play a key role in improving
enterprise risk management(ERM).
#3Opportunity
#4Opportunity
Fierce competition
means the industry
must become
customer-friendlier.
Holistic ERM accounts
for many types of risks
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
17. 17
Re-optimizing capital structures/
redesigning asset liability strategies
For insurers struggling with the cost of capital in the current
macro environment, improving both structure and strategy is
essential. The aging of the baby-boomer generation has serious
capital expense implications. After years of generating revenue,
the industry faces a long period of payouts, even as the younger
generation contributes less to retirement savings.
#5Opportunity
#6Opportunity
149 millionEmerging markets
120 millionUS
16 millionEurozone
# of households earning above US$30,000 in 2020
Pensions and life insurance opportunity:
by 2050, over 30% of China's population
and 20% of India's population will be over
the age of 60.
55.8%: revenue growth of total
insurance, pension and saving bonds
revenues in Brazil, 2012–2015
The CRO, CFO and CIO must collaborate to create organizational
understanding of investment opportunities, asset risk and risk-
reward balance on yield.
A major geographic shift is underway in the
balance of consumer purchasing power.
Growth in emerging markets (especially the middle class)
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
18. 18
Personalization of medicine and
insurance policies
The completion of the Human Genome Project sparked a new
discussion about the future of the healthcare and insurance
industries. Truly personalized medicine and the shift from a one-
size-fits-all mentality can shift how insurers engage with
customers and design coverages. Privacy and ethical issues
loom large, but the game-changing potential is real.
#7Opportunity
Impact of global demographic changes
Aging populations present the industry with both challenges and opportunities that necessitate multi-layered thinking about
market segmentation, operational impacts and other factors.
Long-term demographic shifts have short-term implications
#8Opportunity
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
Shortage
of nursing
homes in
China
Growth of
Takaful
(Islamic
insurance)
Rise of
private
long-term
insurance
in Japan
19. 19
Rise of social media tools for
distribution or collaboration
Twitter and Facebook will never completely replace
face-to-face interaction, but social media can be used to
communicate more directly and personally with consumers.
Plus, it can improve the speed and scope of internal
communication and contribute to operational flexibility.
#9Opportunity
Exponential growth of data and availability
of advanced analytical tools
As the cost of digital storage and processing power has dropped,
customer data volumes have exploded. The best results are
achieved by asking the right questions; analytics should be viewed
as a creative, customer-facing enterprise — rather than an
unwieldy IT initiative. The most successful insurers will be those
that use data and analytics to design
new products and personalize the customer experience to address
the perennial challenges of low loyalty and high acquisition costs.
Analytics enable personalization as seen in many
industries
#10Opportunity
A new skill for carriers to master — reaching
customers in 140 characters or less
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015
20. 20
Download the full report >
www.ey.com/insurance/business-pulse
Global Insurance Leader
Shaun Crawford
+44 207 951 2172
@ShaunCrawfordEY
Learn more
Insurance Business Pulse
Top 10 risks and opportunities, 2013–2015