We have been helping our clients to navigate the challenges of recent years in the insurance sector.
The insurance industry has faced major challenges in recent years. This has included changes in market conditions such as the low interest environment, a huge amount of regulatory change, the need to become more efficient (both from a regulatory capital perspective and to improve profitability), changes in distribution channels and therefore strategies, disposals of non-core businesses (most frequently) or acquisitions ultimately to increase efficiency through economies of scale.
We have also helped clients to transfer or take on risk, playing a leading role in the now thriving market for transfer of longevity risk and otherwise to improve regulatory capital positions.
Insurers are increasingly focusing on “digital” to grow customer numbers, enhance efficiencies and remain competitive.