Responding to new market dynamics - Ernst & Young - Indonesia

We highlight insights from our Asset Management, Banking & Capital Markets and Insurance network on the key themes of the market - operational effectiveness, growth, capital, risk and regulation.

Looking for insights into the insurance markets in Europe, Canada and Asia-Pacific as well as the US life insurance and property/casualty sectors? As uncertainty over economic conditions continues to impact buyers of insurance products and services, insurers must consider strategic and flexible approaches. Find out how to manage your business in 2012.

The voice of the customer has changed. To help insurers determine how they must adapt to attract, deepen and preserve customer relationships, we surveyed 24,000 insurance customers across 7 global regions. Tap into our insights.

You can expect continued economic growth in the Asia-Pacific region in 2012. Yet, some countries, such as Japan, may have slower growth. However, concerns remain over the impact that global economic weakness, increasing domestic consumption, infrastructure investment and trade within Asia will have on continued growth. Read our predictions.

European life and non-life insurers are faced with important strategic decisions. While volatility and deterioration in macroeconomic factors disrupt balance sheets, unfolding regulatory initiatives will continue to influence the industry. All the while consumer needs and expectations are changing. Discover how to counter today’s challenges with strategic solutions.

Insurers face additional challenges around data, systems changes and the need to upgrade and speed up reporting processes to meet the requirements of Pillar III. Are you prepared? Inside, we identify the key issues, an implementation framework and critical success factors for addressing IFRS 4 Phase II alongside Solvency II.

Streamlined IT systems and effective data management are core components of Solvency II implementation. But with IFRS 4 Phase II as another regulatory initiative, data and system solutions will also need to factor in proposed international financial reporting standards. We offer guidance. 

With the act’s wide-reaching ramifications, it is critical that insurers remain engaged as the reform process moves forward and prepare for what may lie ahead