Insurance Newsletter - Edition 1
The recent Merrill Lynch CEO conference was subtitled "the new normal". The insurance speakers offered an interesting mix between sticking with the strategy you know is right, and refocusing on issues which now assume greater importance. Our thought-pieces in this edition of the newsletter reflect that theme: we continue to believe in the long-term possibilities of variable annuities and hub and spoke business models; but we believe these and other opportunities need more careful scrutiny through enhanced strategic planning and performance management approaches.
Overall, this can be a cautiously optimistic time for Europe's insurers. In our interview with him, Tidjane Thiam describes the continuing and growing importance of his sector of the industry in providing long-term financial security, while emphasizing the need to balance new business with cash generation and capital conservation. There are risks around - not least in the outcome of Solvency II - but surely it was ever thus? I hope you find some useful reading in the newsletter, please don't hesitate to contact us with your feedback or reactions to any of the articles.
Andrew Rear
Partner and Head of EMEA Insurance
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Interview: Tidjane Thiam, CEO Prudential PLC
The newly appointed CEO talks to us about his career, the future of the insurance industry and, most importantly, the highs and lows of life as an Arsenal fan. Request a copy > |
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Solvency II
In our regular Solvency II feature, we will update you on the latest developments in Solvency II regulation. We hope to provide you with an overview of current progress and industry reactions, to ensure that you have all the knowledge your company needs to be at the front of the pack as the regulation comes in to force in 2012. Request a copy > |
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Strategic planning in insurance: Why the process fails to satisfy
Financial institutions devote enormous effort to strategic planning and performance management, but the result often disappoints. We examine where the weaknesses lie and the best ways to improve the process. Request a copy > |
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Why european insurers are right to stick with variable annuities
Many variable annuity writers have been hurt by the financial crisis, causing some providers to withdraw from selected markets. Does this mean the end of variable annuities in Europe before they have really taken off? Request a copy > |
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Hub and Spoke: Changing the rules of the insurance game
Today's insurers have the opportunity to adopt business and operating models that have been common in other sectors for many years. We offer some thoughts as to how insurers may reap the benefits, and avoid the pitfalls, of hub and spoke business models. Request a copy > |
