Mercer Capital's Value Focus: FinTech Industry | Third Quarter 2021 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital's Bank Watch | August 2021 | 2021 Mid-Year Core Deposit Intang...Mercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
What Family Business Advisors Need to Know About ValuationMercer Capital
Family business advisors help companies and leaders navigate a wide range of business and family challenges, ranging from corporate governance to succession planning to family relationship dynamics and all points in between. This whitepaper helps fill in that gap.
1847 Holdings LLC (1847) seeks to provide non-correlated returns by combining the most attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company. 1847’s unique structure permits flow-through tax treatment for shareholders. As a result, 1847 will seek to generate returns for shareholders through consistent, annual distributions of operating subsidiary income and capital appreciation resulting from the timely sale of operating subsidiaries. 1847’s current portfolio includes Neese Inc., an agricultural industry services company with a 27-year operating history and growing market share in waste disposal services, and Goedeker’s, one of the top-30 largest appliance retailers in the country.
Mercer Capital's Value Focus: FinTech Industry | Third Quarter 2021 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital's Bank Watch | August 2021 | 2021 Mid-Year Core Deposit Intang...Mercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Marks and Trends Newsletter provides a brief digest and commentary of some of the most relevant market trends influencing the fair value regarding private equity portfolio investments.
What Family Business Advisors Need to Know About ValuationMercer Capital
Family business advisors help companies and leaders navigate a wide range of business and family challenges, ranging from corporate governance to succession planning to family relationship dynamics and all points in between. This whitepaper helps fill in that gap.
1847 Holdings LLC (1847) seeks to provide non-correlated returns by combining the most attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company. 1847’s unique structure permits flow-through tax treatment for shareholders. As a result, 1847 will seek to generate returns for shareholders through consistent, annual distributions of operating subsidiary income and capital appreciation resulting from the timely sale of operating subsidiaries. 1847’s current portfolio includes Neese Inc., an agricultural industry services company with a 27-year operating history and growing market share in waste disposal services, and Goedeker’s, one of the top-30 largest appliance retailers in the country.
Mercer Capital's Value Focus: Auto Dealer Industry | Mid-Year 2021Mercer Capital
Mercer Capital's Auto Dealer Industry newsletter provides perspective on valuation issues. Each newsletter also includes a macroeconomic trends, industry trends, and guideline public company metrics.
Draganfly has been a leader in the professional drone industry for more than 20 years, supporting clients with enterprise drone solutions, contract engineering services, custom software, professional unmanned aerial vehicle (UAV) services, and more. From public safety to pop culture, Draganfly has shaped not just the UAV industry, but the way people around the world work and live. Breaking ground with international firsts, Draganfly has a legacy of leading the professional drone industry, including releasing the first commercialized quadrotor UAV in 1999 and releasing the first multirotor UAV with an integrated camera system in 2001. In 2013, Draganflyer was credited as the world’s first small unmanned aerial system (sUAS) to save a person’s life, and in 2016, Draganfly became the first company to have multiple UAV systems deemed Transport Canada Compliant.
[EN] A detailed look at the treatment of convertible bonds under the new Solv...NN Investment Partners
NN Investment Partners takes a detailed look at the treatment of convertible bonds under the new Solvency II regulatory regime for European insurers, from November 2015.
The Intersection of Construction & FinTech 10.06.20Erica Amatori
As a firm, we have been very outspoken regarding our bullishness on Construction & Development Tech. Over the past 2 years, we have been publishing research and stating our case for why Construction Tech will evolve into its own behemoth of a category.
Adrian Jones presentation at InsureTech Connect 2021: What's Next for InsurTech?Adrian Jones
Adrian Jones presentation at InsureTech Connect 2021, covering trends and predictions for the future of insurance technology, innovation, and advice for today's Cuthbert Heaths.
Learn why Commercial Real Estate Debt is the perfect partner for Peer-to-Peer Lending. Placing the words “commercial property” in front of p2p lending is not something you should fret about. In fact, greater capital protection from the property and longer tenancies make Commercial Property P2P Lending one of the most secure forms of p2p lending, plus it offers favourable returns of 5-12% pa (after fees, but before bad debts and taxes).
Draganfly has been a leader in the professional drone industry for
more than 20 years, supporting clients with enterprise drone
solutions, contract engineering services, custom software,
professional unmanned aerial vehicle (UAV) services, and
more. From public safety to pop culture, Draganfly has shaped not
just the UAV industry, but the way people around the world work and
live. Breaking ground with international firsts, Draganfly has a legacy
of leading the professional drone industry, including releasing the
first commercialized quadrotor UAV in 1999 and releasing the first
multirotor UAV with an integrated camera system in 2001. In 2013,
Draganflyer was credited as the world’s first small unmanned aerial
system (sUAS) to save a person’s life, and in 2016, Draganfly
became the first company to have multiple UAV systems deemed
Transport Canada Compliant.
RYU Apparel, or Respect Your Universe, is an award winning urban athletic apparel brand that engages in the development, marketing, and distribution of apparel, bags and accessories. Our products are engineered for the fitness, training and performance of the multi-discipline athlete. Our products are designed, developed and tested at our corporate headquarters in Vancouver, BC, Canada. Production takes place in factories located in North America and Asia.
The RYU brand was created by a team of industry experts in 2015 that found a gap in the apparel market whereby the male athlete was underserved, the female athletic market was awash by a sea of sameness, and nobody was designing carry systems for active people to build their lives around. This team transformed the RYU brand and created a new category: Urban Athletics. RYU is the new standard of tailored innovation for the urban athlete.
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2015Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital | Getting It Right: Loan Valuation and Credit Marks in Today's...Mercer Capital
Although investors and perhaps bankers are not as focused on credit as was the case several years ago, properly assessing credit risk and determining appropriate credit marks remains the key arbiter in determining whether a deal is destined to struggle or meet/exceed expectations. This session looked at the evolution of loan portfolio valuations as part of due diligence and M&A pricing since the financial crisis. Davis and Gibbs provided insight into some of the nuances around the evaluation process and what to look for in terms of potential potholes regarding potential acquisitions.
Presented by Andrew K. Gibbs, CFA, CPA/ABV, and Jeff K. Davis, CFA of Mercer Capital at Bank Director's 2015 Acquire or Be Acquired Conference on January 26, 2015
Can mutual microinsurance improve the living standard of the marginalized gro...ICMIF Microinsurance
Can mutual microinsurance improve the living standard of the marginalized groups?
By Sabbir Patel, Senior Vice-President, Emerging Markets, ICMIF
AOA Seminar
Colombo, Sri Lanka, August, 2014
Proyecto de Título hecho en base al mercado de las aseguradoras y financieras.
Análisis tanto nacional como internacional de la categoría, busqueda de tendencias, analisis de target,
Cuando decimos que nuestro éxito como empresa pasa por «poner a las personas en el centro» no estamos lanzando, sin más, un lema «happy flower» con el que adornar las paredes de la oficina y cautivar a clientes y empleados.
Post completo: http://bit.ly/CulturaDigitalAB
Las organizaciones que hoy empiezan a despuntar, especialmente en el contexto digital, son aquellas que antes han comprendido que el rumbo de nuestro siglo no pasa ya por ofrecer en exclusiva buenos servicios a precios competitivos. Viene dado, ante todo, por una afán honesto y siempre ventajoso de potenciar y aprovechar lo mejor de nosotros mismos… aquello que, de hecho, nos hace especiales a profesionales, fans y consumidores: nuestros valores.
El mundo global e hiperconectado por el que avanzamos es, sin duda, mucho más exigente que el que heredamos. El superávit de información, la obsolescencia cada vez más temprana de nuestros conocimientos y herramientas, la aparición de nuevos hábitos de vida y de consumo y la aparente crisis del modelo productivo tradicional nos obligan hoy a generar modelos de negocio y estructuras de trabajo más flexibles, dinámicas y permeables. Y sólo la pasión, la colaboración, la autogestión, la transparencia, el liderazgo humano, el intraemprendimiento y la responsabilidad dentro y fuera de nuestras tiendas u oficinas parecen dar respuesta a lo que nos exige este nuevo tiempo: comportarnos no tanto como mercados, sino como lo que realmente somos. Es decir, personas.
Mercer Capital's Value Focus: Auto Dealer Industry | Mid-Year 2021Mercer Capital
Mercer Capital's Auto Dealer Industry newsletter provides perspective on valuation issues. Each newsletter also includes a macroeconomic trends, industry trends, and guideline public company metrics.
Draganfly has been a leader in the professional drone industry for more than 20 years, supporting clients with enterprise drone solutions, contract engineering services, custom software, professional unmanned aerial vehicle (UAV) services, and more. From public safety to pop culture, Draganfly has shaped not just the UAV industry, but the way people around the world work and live. Breaking ground with international firsts, Draganfly has a legacy of leading the professional drone industry, including releasing the first commercialized quadrotor UAV in 1999 and releasing the first multirotor UAV with an integrated camera system in 2001. In 2013, Draganflyer was credited as the world’s first small unmanned aerial system (sUAS) to save a person’s life, and in 2016, Draganfly became the first company to have multiple UAV systems deemed Transport Canada Compliant.
[EN] A detailed look at the treatment of convertible bonds under the new Solv...NN Investment Partners
NN Investment Partners takes a detailed look at the treatment of convertible bonds under the new Solvency II regulatory regime for European insurers, from November 2015.
The Intersection of Construction & FinTech 10.06.20Erica Amatori
As a firm, we have been very outspoken regarding our bullishness on Construction & Development Tech. Over the past 2 years, we have been publishing research and stating our case for why Construction Tech will evolve into its own behemoth of a category.
Adrian Jones presentation at InsureTech Connect 2021: What's Next for InsurTech?Adrian Jones
Adrian Jones presentation at InsureTech Connect 2021, covering trends and predictions for the future of insurance technology, innovation, and advice for today's Cuthbert Heaths.
Learn why Commercial Real Estate Debt is the perfect partner for Peer-to-Peer Lending. Placing the words “commercial property” in front of p2p lending is not something you should fret about. In fact, greater capital protection from the property and longer tenancies make Commercial Property P2P Lending one of the most secure forms of p2p lending, plus it offers favourable returns of 5-12% pa (after fees, but before bad debts and taxes).
Draganfly has been a leader in the professional drone industry for
more than 20 years, supporting clients with enterprise drone
solutions, contract engineering services, custom software,
professional unmanned aerial vehicle (UAV) services, and
more. From public safety to pop culture, Draganfly has shaped not
just the UAV industry, but the way people around the world work and
live. Breaking ground with international firsts, Draganfly has a legacy
of leading the professional drone industry, including releasing the
first commercialized quadrotor UAV in 1999 and releasing the first
multirotor UAV with an integrated camera system in 2001. In 2013,
Draganflyer was credited as the world’s first small unmanned aerial
system (sUAS) to save a person’s life, and in 2016, Draganfly
became the first company to have multiple UAV systems deemed
Transport Canada Compliant.
RYU Apparel, or Respect Your Universe, is an award winning urban athletic apparel brand that engages in the development, marketing, and distribution of apparel, bags and accessories. Our products are engineered for the fitness, training and performance of the multi-discipline athlete. Our products are designed, developed and tested at our corporate headquarters in Vancouver, BC, Canada. Production takes place in factories located in North America and Asia.
The RYU brand was created by a team of industry experts in 2015 that found a gap in the apparel market whereby the male athlete was underserved, the female athletic market was awash by a sea of sameness, and nobody was designing carry systems for active people to build their lives around. This team transformed the RYU brand and created a new category: Urban Athletics. RYU is the new standard of tailored innovation for the urban athlete.
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2015Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital | Getting It Right: Loan Valuation and Credit Marks in Today's...Mercer Capital
Although investors and perhaps bankers are not as focused on credit as was the case several years ago, properly assessing credit risk and determining appropriate credit marks remains the key arbiter in determining whether a deal is destined to struggle or meet/exceed expectations. This session looked at the evolution of loan portfolio valuations as part of due diligence and M&A pricing since the financial crisis. Davis and Gibbs provided insight into some of the nuances around the evaluation process and what to look for in terms of potential potholes regarding potential acquisitions.
Presented by Andrew K. Gibbs, CFA, CPA/ABV, and Jeff K. Davis, CFA of Mercer Capital at Bank Director's 2015 Acquire or Be Acquired Conference on January 26, 2015
Can mutual microinsurance improve the living standard of the marginalized gro...ICMIF Microinsurance
Can mutual microinsurance improve the living standard of the marginalized groups?
By Sabbir Patel, Senior Vice-President, Emerging Markets, ICMIF
AOA Seminar
Colombo, Sri Lanka, August, 2014
Proyecto de Título hecho en base al mercado de las aseguradoras y financieras.
Análisis tanto nacional como internacional de la categoría, busqueda de tendencias, analisis de target,
Cuando decimos que nuestro éxito como empresa pasa por «poner a las personas en el centro» no estamos lanzando, sin más, un lema «happy flower» con el que adornar las paredes de la oficina y cautivar a clientes y empleados.
Post completo: http://bit.ly/CulturaDigitalAB
Las organizaciones que hoy empiezan a despuntar, especialmente en el contexto digital, son aquellas que antes han comprendido que el rumbo de nuestro siglo no pasa ya por ofrecer en exclusiva buenos servicios a precios competitivos. Viene dado, ante todo, por una afán honesto y siempre ventajoso de potenciar y aprovechar lo mejor de nosotros mismos… aquello que, de hecho, nos hace especiales a profesionales, fans y consumidores: nuestros valores.
El mundo global e hiperconectado por el que avanzamos es, sin duda, mucho más exigente que el que heredamos. El superávit de información, la obsolescencia cada vez más temprana de nuestros conocimientos y herramientas, la aparición de nuevos hábitos de vida y de consumo y la aparente crisis del modelo productivo tradicional nos obligan hoy a generar modelos de negocio y estructuras de trabajo más flexibles, dinámicas y permeables. Y sólo la pasión, la colaboración, la autogestión, la transparencia, el liderazgo humano, el intraemprendimiento y la responsabilidad dentro y fuera de nuestras tiendas u oficinas parecen dar respuesta a lo que nos exige este nuevo tiempo: comportarnos no tanto como mercados, sino como lo que realmente somos. Es decir, personas.
Allianz Risk Pulse: The Future of Individual MobilityOpen Knowledge
The nature of mobility is changing at incredible speed.
Ongoing trends like urbanization, rising fuel costs, environmental
consciousness, an aging society and digitalization
have influenced mobility highly and will continue to do so in
the future. Today’s consumers behave in a different way than
even a few years ago and the car is losing its relevance as a
status symbol.
Allianz Demographic Pulse | Retirement | March 2013Open Knowledge
After a decade of pension reforms in Western Europe and the establishment of new systems in Eastern Europe and Asia, the structure of a retirement income has begun to change. This paper summarizes the
driving forces behind this transformation and describes the new mix of sources of retirement income of households in selected countries.
¿Por qué una empresa española como Territorio creativo, que en 2010 tenía apenas 6 empleados, se ha convertido en...
- todo un referente de la transformación digital;
- ganadora de premios internacionales de publicidad;
- mejor blog de Marketing en España;
- empresa más demandada para trabajar;
- referencia de la consultoría en Internet;
- presencia en España, México, Colombia...
- más de 40 grandes marcas internacionales, como IKEA, Toyota, L'Oreal, Citibank...
- y una voz habitual en todos los foros sobre Marketing digital?
La respuesta es sencilla: su cultura organizativa.
Las nuevas tecnologías y las redes sociales están transformando radicalmente los hábitos de compra de los consumidores y esto no es ajeno al sector asegurador.
El pasado 4 de abril fui invitado por LIMRA al "2.014 Seminario Latino de Distribución de Seguros".
Esta conferencia se llevó a cabo en el hotel Radisson Royal de Bogotá - Colombia y le permitió a los asistentes tener una mejor visión del mundo digital, proporcionando las bases para aprovechar mejor estos elementos y ampliar sus canales de distribución y servicio.
As a global financial services provider, Allianz's business success is heavily affected by a variety of global, long-term issues. In this Sustainability Factbook, Allianz presents their ongoing activities relating to the three global issues that are most relevant to the core business: access to finance, climate change and demographic change.
Like any other product and currency, bitcoins have grown extensively in the last several years, and have followed a variety of interesting developments in their virtual use. As had already occurred, there are many potential situations where bitcoins could be stolen or fraudulently spread. One of the primary concerns for bitcoins is the fact that they could be effortlessly used in illegal purchases on black markets around the world.
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
Informe Deloitte. Time for a new direction? Market Consistent Embedded Value ...Planimedia
La entrada en vigor, el próximo 1 de enero de 2016, de la norma Solvencia II pronostica para la industria aseguradora significativos retos regulatorios, así como nuevas oportunidades con las que aportar valor añadido a su negocio.
En este sentido, y con el objetivo de ayudar a sus clientes en este periodo de transición, Deloitte ha elaborado una publicación en la que analiza el impacto de esta norma e incide en el rol que jugará el Embedded Value (EV) en el nuevo escenario regulatorio.
Etude PwC 2013 sur les fusions-acquisitions dans le secteur des assurancesPwC France
http://pwc.to/16IfpG5
Ce nouveau rapport de PwC met en évidence la reprise des fusions-acquisitions dans le secteur de l’assurance, dont l’importance stratégique commence à augmenter à travers le monde.
This report, commissioned by BlackRock, examines investor sentiment and the outlook for investment strategy at insurance companies worldwide, particularly in relation to their fixed-income portfolios and asset allocation more broadly.
In 2015, the Aon Global Risk Management Survey revealed how increasing competition remained at the top of the industry’s list of concerns, but the potential for damage to brand and reputation is now second, having risen up from seventh place in the previous survey.
Like any responsible supplier, we know that the answer to delivering a good service is to ensure our customers are fully furnished with the facts that may influence their buying decisions. In this report, we consider how these factors translate into the risk profile of UK retail and how they may influence insurers to underwrite them at a good price, or lower, than last time around
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
Avison commercial office leasing market report toronto 2014Chris Fyvie
office space toronto, toronto office space, office search toronto, office space in toronto, office rentals toronto, commercial office space, commercial real estate toronto, office rent toronto, toronto offices for lease
Welcome to the fifth edition of Outline, Redington’s quarterly collection of thought-pieces designed to help institutional investors make smarter and more informed decisions.
This edition features short articles on the future of pensions policy, the complexities of running a pension scheme and how technology can help overcome them, risks inherent from gilt and swap rate differences, an outcome-driven approach to fund management, a review of asset classes in 2013, plus an overview of the global macro environment.
We hope you find the articles interesting and helpful as you consider how best to manage the risk-adjusted return of your portfolios
Find out everything you need to know about Ireland's economy, including the latest mortgage arrears figures, AIB returning to profit for the first time since the crash and which company has revealed it is to sell almost 3% of Bank of Ireland shares.
Randy Kerns, CIC, ChFC • Voya Financial Advisors Inc.
- Why passive investors get hammered by Mike Posey
- Can it really be earnings season already?
- What oil's plunge and the strong Dollar may mean for 2015 by Jeanette Schwarz Young
- Active management as a practice differentiator (John McGonagle, CFP, CRPC, Asset Architects LLC)
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
IoT and OT Threat Landscape Report 2023Prayukth K V
Sectrio's IoT and OT threat landscape report 2023 gives you a comprehensive view of the emerging threats, risks, hacker groups, APTs and other cyber risks to IoT and OT-based deployments and infrastructure.
The detailed report does a deep dive into IoT and OT security aspects such as:
* How the evolving OT cyber threat environment impacts sectors such as manufacturing, defense, maritime, utilities and energy and pharmaceutical manufacturing
* Where are cyber threat emerging from and how are they impacting the threat environment?
* Regional cyber threat environment analysis across Europe, APAC, Middle East, Americas and Africa
* How are hackers using Artificial Intelligence to develop new malware, conduct scans and automate cyberattacks
* The Chinese cyber conveyor belt and its implications for you
* Security gaps that hackers and APT groups are exploiting
* How are CISOs responding to cyber threats
* What are APT actors targeting and how are they collaborating to achieve common goals
* How are hackers monetizing the stolen data
* Extensive information on APT actors from Russia, Iran, China, Pakistan and North Korea
Sectrio brought out the first global IoT and OT security report in 2018 and has been bringing out such reports every year. Unlike other cybersecurity vendors who do not have access to global cyber threat intelligence harvested from their own sources, Sectrio's threat intelligence is gathered from its own threat intelligence farm that is currently up and running in over 80 countries (excluding dark honeypots that are mobile and present in level A hotspots). Do not miss out on this report.
The full report can be downloaded from https://sectrio.com/iot-security-reports/2023-ot-iot-threat-landscape-report/
How do you market products and services that are based on new tech? How do you drive adoption, scale and customer experience? How can you reach audiences in tough markets while keeping the cost per lead low? How do you market IoT, Blockchain and AI based products? Find out in this deck. I have used real life use cases and examples here.
State of the internet of things (IoT) market 2016 editionPrayukth K V
2015 was the year IoT gained legitimacy.
Businesses budged off a “start small think big” mindset.
In 2016, they’re building IoT into future strategies and
business models. Companies across all industries now
have IoT squarely on their radar. The worldwide Internet
of Things market spend will grow from $591.7 billion
in 2014 to $1.3 trillion in 2019 with a compound annual
growth rate of 17%. The installed base of IoT endpoints
will grow from 9.7 billion in 2014 to more than 25.6 billion
in 2019, hitting 30 billion in 20201.
Architecture for India's Smart Cities projectPrayukth K V
India is working towards having 100 smart cities in the near future. The thrust is on leveraging smart solutions and strategies that enable cities to use technology, information and data to improve infrastructure, deliver better civic amenities, services and governance to citizens. This Smart Cities Architecture can serve as primer for this effort.
The Fintech 100 includes leading 50 fintech
companies across the globe, and the most intriguing
50 ‘emerging stars’ – exciting new fintechs with bold,
disruptive and potentially game-changing ideas –
expanding on the success of last year’s list. Presented here strictly for academic purposes...
Drones and the Internet of Things: realising the potential of airborne comput...Prayukth K V
This paper focuses on services and applications provided to mobile users using airborne computing infrastructure. Concepts such as drones-as-a-service and flyin,fly-out
infrastructure, and note data management and system
design issues that arise in these scenarios are discussed. Issues of Big Data arising from such applications, optimising the configuration of airborne and ground infrastructure to provide the best QoS and QoE, situation-awareness, scalability, reliability, scheduling for efficiency, interaction with users and drones using physical annotations are outlined.
Evolving a wearables marketing strategy in 2015Prayukth K V
How marketers can work towards integrating wearables such as Apple Smartwatch, Googles Glass and personal healthcare devices into their marketing gameplan
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
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The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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3. The Year Ahead
As we turn the page on the calendar once again, it is time for us to look both
forward and back. One year ago, we presented our inaugural Insurance Industry
Outlook, which detailed the most important trends that we felt would shape the
industry in 2013. The response from our clients was overwhelmingly positive, so
we have prepared a fresh outlook that captures our highest-conviction thinking
for the year ahead.
But before we jump into 2014’s trends, we felt that it was appropriate for us to take
a look back at last year’s predictions, in order to see what we got right, where we
were off-base, and what we learned in the process.
Overall, we are pleased with the results of last year’s efforts. We were right on
track with several of our predictions, many others began to play out and just
one proved largely off-base. For a complete look at how we fared, see the
scorecard that precedes this year’s predictions.
With regard to the year ahead, we expect that an environment in which rates are
likely to remain low for longer will drive insurers to take a more flexible approach
in their search for income. At the same time, pressure to enhance shareholder
value will compel insurers to deploy their capital more efficiently in order to
maximize profitability, and global regulations will continue to evolve and force
insurers to refine their business strategies.
As financial markets and monetary policy continue the slow march to
normalization in the post-crisis world, many unique challenges await insurers.
But, as always, the well-prepared can find opportunity in those challenges.
In order to help you prepare for the road ahead, we offer seven predictions,
which lay out our view of how the world of insurance investing is likely to
unfold this year.
I look forward to discussing these ideas with you in the months ahead, and to
hearing your feedback, as we work together to help you achieve your goals for
2014 and beyond.
Sincerely,
David Lomas, ACII
Head of BlackRock’s Global Financial Institutions Group
within the Institutional Client Business
david.lomas@blackrock.com
The opinions expressed are those of David Lomas as of January 2014, and may change as
subsequent conditions vary.
4. 2013 Predictions Scorecard
WHAT WE SAID
Insurers will increase
their use of ETFs to
gain immediate access
to credit markets.
As highlighted in a Greenwich Associates report, insurers are broadening their
use of ETFs. Nearly 50% of insurers indicated their intention to increase use of
ETFs by the end of 2013 while 42% said they plan to maintain their current usage.
Firms are utilizing ETFs in a variety of ways, from gaining exposure to less-liquid
TCERROC
sectors to tactical allocation and cash equitization.
In 2013, municipal, high yield and corporate bond ETFs all experienced significant
growth. We expect that growth to continue, and we also believe that the recently
introduced Term ETFs—which carry a maturity date—will prove particularly
useful for insurers, further cementing ETFs’ place in their portfolios.
GNORW
WHAT WE SAID
The variable annuity
market will experience
innovation and
evolution in 2013.
Insurers pursued a variety of innovative approaches to help manage annuity risk. Tactics
included de-risking GLBs by reducing benefit rates, suspending 1035 exchanges,
cutting wholesaler commissions, managing sales through repricing, offering contract
buy backs, developing and marketing investment-only variableE R R O C (IOVA) products
T C annuity
and pursuing focused investment options into risk-appropriate solutions.
Going forward, we believe that more VA providers will dedicateIresources to building
LA TRAP
out new IOVA platforms and will seek new ways to improve the risk-adjusted
performance of their installed VA funds.
GNORW
WHAT WE SAID
Passive management
will begin to supplant
active in guaranteed
funds, including variable
annuities, with managed
volatility strategies
dominating the list of
new funds coming to
the market.
WHAT WE SAID
Deleveraging in the
financial sector will
create income
opportunities for
insurers, particularly
in the illiquid space.
The process of deleveraging continued to play out, and a number of insurers
demonstrated their willingness to embrace illiquid assets. Commercial real estate
debt (senior and mezzanine), infrastructure debt and mortgage servicing rights all
saw notable asset flows within the less-liquid space.
WHAT WE SAID
As insurers reappraise
their hedge fund
allocations, they will
increasingly focus on
risk factors and manager
selection rather than
investment style.
[2]
5
Insurers introduced a great number of managed-volatility funds in 2013. One large
insurer cut ten mutual funds from its VA lineup in a move geared at reducing costs and
enabling the insurer to manage risk more easily. Eight of the funds it dropped were
actively managed and three of the six funds that replaced T C E Rwere index-based.
them R O C
While some insurers have embraced the concept of risk-factor investing as a better
approach to overall portfolio risk management, implementation has proceeded
slowly because of the opaque nature of position-level data in many alternatives,
the lack of robust analytical tools and the fact that regulatory capital charges are
still based on investment vehicle, not investment style.
2 0 14 : T he Y e a r A he a d
Other firms added managed-volatility strategies as underlying funds in their risktargeted fund-of-funds models in an effort to control volatility risk and increase
risk-adjusted returns. We believe that efficiently managedL A I T R A P
passive funds, including
ETFs, will continue to gain market share within advice-wrapped funds, and that
managed-volatility strategies will become a cornerstone of the VA landscape.
GNORW
While financial institutions did shed some significant assets, deleveraging has much
LAITR
further to go—with several trillion dollars in assets likely to come A Pmarket over the
to
next few years. We expect to see a continued flow of mortgage servicing rights from
US institutions, and in Europe there is a significant volume of legacy loans—both
performing and non-performing—that should eventually come to market.
Given the potential of a risk-factor approach to deliver superior risk-adjusted
returns, we expect that insurers will seek to improve their analytical capabilities
and will work with asset managers to gain greater transparency from alternatives
providers in order to access the level of detail that the approach requires.
5. WRO N G
C O R R EC T
One year ago, we presented our inaugural Insurance Industry
Outlook, which detailed the most important trends that we felt
would shape the industry in 2013. Here’s a scorecard to show you
W R O panned out.
P A R T I A L predictions N G
how our
WHAT WE SAID
Emerging markets willEC T
CORR
drive business growth,
P
M&A activity, and A R T I A L
investment returns
for insurers.
WRONG
WHAT WE SAID
Changes in regulatory
capital rules and
PARTIAL
enhancements in O R R EC T
C
risk management will
impact asset allocation
decisions and drive
more robust reporting.
WRONG
C O R R EC T
CORRECT
PA R T I A L
INCORRECT
We have seen both acquisitions and dispositions, sometimes as two sides of a
single transaction. Significant deals saw insurers expand their operations through
acquisitions in countries including Turkey, Thailand, Malaysia and Mexico. On the
other hand, insurers also sold businesses in Russia, Ukraine, Belarus, Kazakhstan
and South Korea.
In terms of investment returns, these markets generally lagged developed market
equities and fixed income in 2013. Going forward, insurers will primarily focus on
their core markets as a source of growth, but given the higher return on equity that
many companies in the developing world display, insurers will continue to make
strategic acquisitions and long-term investments in emerging markets.
This is a trend that will take years to unfold but there are many signs that a shift
is under way. For example, a number of firms have been designated Global
Systemically Important Insurers (GSIIs), resulting in uncertainty around capital
and risk management requirements and precipitating a review of the asset
exposures on their balance sheets. Dodd-Frank is impacting the way in which
US insurance companies use derivatives. Many insurers are rethinking their
enterprise risk management (ERM) and asset liability management (ALM) systems
in light of potential future regulatory reporting and risk management requirements,
especially with Solvency II and ORSA on track.
As regulatory rules continue to evolve, insurers will adjust their asset allocations
and risk management accordingly, and data quality and reporting will take on even
greater importance.
WHAT WE SAID
Rumors of Solvency II’s
demise are greatly
exaggerated—itP A R T I A L
is
on track and insurers
should prepare for it.
On October 21, 2013, the implementation date for Solvency II was formally delayed until
January 2016. The European Insurance and Occupational Pensions Authority’s (EIOPA)
Long Term Guarantee Assessment did not find universal support, particularly in the
areas of the Matching Adjustment and Volatility Balancer. However, significant
progress towards a compromise was subsequently made with the result that the
trilogue of November 13, 2013, reached agreement on the key elements of Solvency
II. A path has been cleared for a vote in the European Parliament in early 2014, with
implementation by 2016. It appears that Solvency II is now on its way to implementation.
WHAT WE SAID
Insurers will broadly
reduce the number of
PART
outsourced managers I A L
that they use and will
engage in non-core
M&A activity in order
to reduce costs and
increase income.
As a whole, insurers continue to outsource—particularly in the alternatives space,
where many of them lack the capabilities to manage assets in-house. In 2013
we saw many insurers look to outside companies to help customize investments,
while others forged strategic agreements with asset managers.
WHAT WE SAID
There will be a
large shift of core
assets into hold-tomaturity portfolios.
We have not seen such a move into hold-to-maturity. Our thesis was predicated
on insurers’ likely reaction to rising interest rates. While interest rates did start
to move higher, the rise in 2013 was relatively modest and forward guidance
from the leading central banks was largely dovish.
WRONG
While consolidation still appears to be at an early stage, we expect that insurers will
continue to concentrate assets with a smaller number of investment managers, and
will demand more from their asset-management partners.
Looking ahead, we may see some insurers switch core portfolios to hold-to-maturity
status, although perhaps not at the level that we had initially envisioned.
BL ACKROCK
[3]
6. At a Glance
2014 will present insurers with a host of challenges, both old and new. Interest rates in much of the
world will remain significantly below long-term averages, and the intense pressure to maximize value
for shareholders will continue. At the same time, the implementation dates of sweeping new
regulations covering US and European insurers are rapidly approaching.
To help confront these challenges head on, we’ve tried to identify the investment themes that are
likely to take shape this year, and we have some concrete advice on how to harness these themes
to maximize income, increase profitability and keep up with the shifting regulatory landscape.
The table to the right summarizes the broad themes (and attempts to answer the timeless question
“So what do I do with my money?”) while the pages that follow delve more deeply into seven
predictions that we believe will unfold in 2014.
Read on to find out more of what we see in store for the year ahead.
[4]
2 0 14 : T HE Y E A R A HE A D
7. INCOME
INVESTMENT THEME
A “low for longer” fixed income
environment will drive insurers to
reevaluate and ultimately relax certain
investment guidelines.
Insurers will realign their investment
portfolios in order to earn adequate
income, provide principal protection,
and deliver diversified sources of return
while managing correlation risk.
W H AT D O I D O W I T H M Y M O N E Y ?
Take a more flexible approach to fixed income. Consider an allocation to high yield, bank
loans, mezzanine debt, infrastructure, collateralized loan obligations (CLOs) and other
less-liquid, non-core assets in order to minimize risk, enhance yield and reduce duration.
Reevaluate your allocation to alternatives, and consider a holistic, multi-asset
solution. Take risk factors into account when constructing an alternatives portfolio.
Take advantage of disintermediation in the lending markets to gain access to
issuances that do not come to public markets and that may earn attractive
risk-adjusted returns and reduce correlations.
Adjust your allocation to equities. Minimum volatility strategies, factor-based
allocations, and dividend-paying funds can help provide growth, income, and
downside protection.
PROFITABILITY
INVESTMENT THEME
Pressure to enhance shareholder value
will compel insurers to become more
efficient with their capital deployment.
In response to this pressure, insurers
will need to adjust their product lines,
operational processes, capital
allocations and investment portfolios
in order to improve efficiency and
maximize profitability.
W H AT D O I D O W I T H M Y M O N E Y ?
Focus on optimizing risk-adjusted yield/return on capital charges.
Take a critical look at your entire business structure and processes and find areas
to innovate.
Consider making bold changes like exiting overly competitive lines of business and
redeploying capital in new markets. Build investment processes and structures
that support these new businesses.
Blend alpha and beta strategies to improve efficiency, flexibility and cost-effectiveness.
REGULATION
INVESTMENT THEME
W H AT D O I D O W I T H M Y M O N E Y ?
Changes in global regulatory regimes
will force insurers to refine their
business and investment strategies.
Focus on embedding diversification within portfolios and consider marginal
regulatory capital charges rather than the standalone regulatory capital charges
when making allocation decisions to new asset classes.
Capital deployment, asset allocation
and risk management are all likely to
be impacted.
Work with your asset manager to understand the drivers of risk and return in new
asset classes so that they become eligible investments to drive an increase in
diversification and expected returns.
BL ACKROCK
[5]
8. INCOME
1
With interest rates likely to remain low for longer, insurers will relax some of
their investment guidelines and demonstrate increasing flexibility in their
fixed income allocations.
While central bank policy in the US is set to become less accommodative, and
interest rates appear likely to continue their gradual ascent from historic lows,
we don’t expect core rates to move dramatically higher in 2014. Managing
investment risk in this environment will prove complicated, and insurers will
need to both refine and complement their core fixed income exposures.
As insurers globally adjust to the reality of a challenging fixed income environment,
they will continue to review their investment guidelines. Many are likely to initiate
policy changes that will provide them with greater flexibility to adopt a defensive
stance in their portfolios and to protect unrealized gains. The current trend of
shortening index duration and reducing extension risk in sectors with embedded
options will also likely persist. Some insurers will consider implementing simple
derivatives strategies as part of their overall risk management efforts.
Many insurers will look to increase asset class flexibility within their core
portfolios through simple steps such as the addition of floating-rate and BBB
securities and the widening of gain/loss and turnover budgets. Beyond their core
holdings, insurers will be particularly drawn to assets that offer higher yields,
protection from rising rates and duration reduction. A combination of emerging
market debt, high yield bonds and bank loans may prove attractive.
[6]
2 0 14 : T HE Y E A R A HE A D
9. The search for uncorrelated returns will drive interest in non-core assets.
This will lead insurers to review and redefine liquidity within their portfolios
and to seek exposure to risk factors other than rates.
2
In pursuit of uncorrelated returns in diversifying assets, such as infrastructure,
mezzanine debt, and CLOs, insurers will take a more holistic approach to
portfolio construction. As part of this new approach, they will reexamine their
assumptions around liquidity and will redefine what is liquid and illiquid. By
utilizing liability profiling and advanced cash-flow modeling, insurers can gain
a better grasp of their cash-flow requirements and construct liquidity ladders
that allow them to take advantage of a variety of longer-term, less-liquid assets.
Given the challenges inherent in building a cohesive set of alternative
exposures, multi-asset alternatives portfolios that dynamically allocate
across strategies are likely to prove increasingly attractive to insurers. These
portfolios will be structured cost-effectively, will be optimized for regulatory
capital, and will target a broadly diversified, opportunistic set of liquid and
less-liquid alternative investments.
Managers will follow an “informed investing” process wherein insurers and their
managers nurture a continuous feedback loop that addresses evolving client
requirements, exposures and limitations. For more esoteric instruments, risk
analytics that allow insurers to discuss capital, transparency and liquidity with
their regulators will be essential.
3
Disintermediation and the shifting landscape in lending markets will provide
insurers with new opportunities to earn attractive risk-adjusted returns.
Newer participants, such as peer-to-peer lenders, have reshaped the lending
markets by bypassing the traditional intermediaries and have transformed the
dynamics between borrowers and lenders, resulting in increased access to
capital for the former and more attractive rates for the latter.
By partnering with direct lenders that are providing funding to consumers, small
businesses and middle-market institutions, insurers will be able to take advantage
of this evolution in credit and will gain access to a higher-yielding set of assets.
As the lending market continues to mature, there will be increasing opportunities
for insurers to invest in loans that were originated outside of the traditional
banking model, and that offer attractive risk-adjusted returns and low correlations to many core fixed income holdings. But accessing opportunities in these
new and esoteric markets will prove challenging and will demand a nuanced
approach to asset selection and risk management.
BL ACKROCK
[7]
10. As part of an overall move to improve the risk-adjusted returns of their
investment portfolios, insurers will review and adjust the equity allocations
within their general and sub-advised accounts.
Minimum-volatility strategies are likely to become a core holding within equity
portfolios as insurers look to reduce downside risk while still participating in the
majority of long-term equity market appreciation. Factor-based allocations,
which strive to capture equity risk factors in an efficient and cost-effective
manner, will also find a home with insurers seeking a strategic approach to
maximizing long-term risk-adjusted returns.
In addition, we expect that insurers will continue to find value in dividend-paying
strategies, as both a reliable stream of income and a defensive allocation to
equity markets. And finally, in order to increase diversification and reduce
correlation within their equity portfolios, we may see insurers shed some of
their home-country bias and more fully embrace a global equity opportunity set.
4
PROFITABILITY
5
The availability of alternative capital will put pressure on reinsurance pricing.
Much of the new capital will prove to be permanent and will not flee even after
a major catastrophic loss.
There has been a huge influx of alternative capital into the reinsurance market,
owing to the increased appeal of insurance-linked securities, sidecars, and
catastrophe bonds. Investor demand is expected to be high for these uncorrelated, high-return assets, signaling that supply will continue to increase.
The entrance of this alternative capital allows property and casualty insurers
to cede catastrophe risk off their balance sheets. Although the market is
currently concentrated in select lines of catastrophe risk, we can expect
pricing pressure to filter through to the larger P&C reinsurance market as
the boost to capital increases primary insurers’ underwriting capacity. We
expect to see this take place during contract renegotiations throughout 2014,
beginning with the first round of negotiations in January.
As a long-term result of the competition that new providers have brought to the
reinsurance market, many traditional reinsurers will reevaluate their operations
and consider shifting capital into alternative lines of business in order to remain
competitive. As they deploy capital into new areas, insurers will need to design
and implement investment strategies that support these new business structures.
[8]
2 0 14 : T HE Y E A R A HE A D
12. Insurers will expand their use of ETFs, embracing both new products and
new strategies.
Innovation has long been a hallmark of the ETF market, and the recently introduced term maturity ETFs—which carry a maturity date, like traditional bonds—
are the latest evidence of this. Because term maturity ETFs can offer compelling
yield, predictable cash flows and decreasing duration over time, we believe that
insurers, specifically those in the US, will be among the early adopters.
We also expect that insurers will maintain their high current utilization rates of
traditional credit ETFs and will utilize their efficient structure to accomplish a
range of investment objectives from tactical asset allocation to duration management. ETFs that provide exposure to less liquid, more nuanced markets,
such as municipals and international debt, are likely to see increased interest
as complements to core fixed income assets. For smaller accounts we expect
to see many insurers utilizing ETFs as core holdings, as they can provide an
operationally efficient means to build a well-diversified portfolio.
6
Finally, insurers will find new strategies for harnessing the technological power
of ETFs. The most liquid fixed income ETFs allow buyers and sellers to transact
without having to access the underlying bond market, thus facilitating executions
that can fall within the bid/ask spread of the underlying bonds. And in less liquid
fixed income sectors, investors can utilize ETFs’ unique creation/redemption
process to quickly and efficiently gain a desired bond exposure or to exit an
illiquid bond position.
“..insurers will find new
.
strategies for harnessing the
technological power of ETFs.”
[10]
2 0 14 : T HE Y E A R A HE A D
13. REGULATION
7
Capital-efficient and regulatory-optimized investing will become increasingly
prevalent and will drive activity across asset classes and geographies.
For US-domiciled insurers, the 2015 compliance requirement of Own Risk and
Solvency Assessment (ORSA) is likely to drive large- and medium-sized insurers
to reevaluate and, in many cases, upgrade their enterprise risk management
processes and systems. Adequately quantifying investment risk under stressed
scenarios will be challenging for much of the industry.
In addition to preparing for the implementation of Solvency II and ORSA,
the largest insurers will also be grappling with Global-Systemically-ImportantInsurer (G-SII) and Systemically-Important-Financial-Institution (SIFI)
designations and the enhanced regulatory reporting and capital requirements
that accompany them.
In Europe, increased certainty around the implementation of Solvency II will
lead insurers to start adjusting their asset allocations in order to align them
with the upcoming regulatory framework.
In contrast to the US and Europe, where insurers will be grappling with a new set
of regulations, there seems to be a tide of deregulation throughout much of Asia.
Loosening restrictions on foreign investment will continue to drive Asian insurers
with adequate capital further afield from their home markets in the search for
yield and diversification. As a result, we are likely to see increased demand for
higher-yielding non-domestic assets.
BL ACKROCK
[11]