Insurance - Ernst & Young - United States

On 18 April 2012, the Boards re-deliberated on topics including issues relating to reinsurance accounting, amendments and modifications and commutations of insurance contracts. Learn more.

As the claims function continues to be a strategic differentiator in the marketplace, companies must evaluate and consider transforming their claims management programs. Those who don't risk being left behind by their competitors. Learn how to prepare.

In the last few years, the financial environment has highlighted the importance of risk exposure. Consequently, insurers are initiating steps to enhance their model risk management (MRM) practices. Here, we highlight experiences by Nationwide, a leading insurance company, on MRM practices and share key findings.

The proposed regulations under the Foreign Account Tax Compliance Act (FATCA) will significantly impact financial institutions, as they provide comprehensive guidance addressing implementation questions. Learn more about how FATCA will impact the insurance industry.

Since LTC insurance lapse rates have historically been low, insurers may not have focused on the management and mitigation of their reinstatement risk exposure. However, increased regulatory activity and scrutiny may require a reassessment and strengthening of risk management controls. Discover how to implement a comprehensive strategy today.

The NAIC’s US ORSA proposal introduces completely new quantitative and qualitative elements into the regulatory environment. How will the proposed ORSA fit into the existing/future solvency framework and what are the key business implications? We offer insight into the potential changes introduced.

We are pleased to announce Operational Risk & Regulation ranked us as the leading consulting firm for the third consecutive year, in addition to placing us first in the following categories: Basel II/III, corporate governance, fraud/financial crime prevention, treating customers fairly, anti-money laundering, regulation strategy and enterprise-wide compliance and risk management strategy.

How well are insurers achieving improved claims management through their investments in claims technologies? Our survey shows which areas insurers need to invest in to see improvements.