FREE DOWNLOAD -- PricewaterhouseCoopers Top Nine Insurance Industry Issues in 2009: Crisis and Change

FREE DOWNLOAD -- PricewaterhouseCoopers Top Nine Insurance Industry Issues in 2009: Crisis and Change

Insurers are faced with the most challenging economic environment in decades.  As the economic crisis persists, they are seeking ways to maintain adequate capital, manage risks, retain business and contain costs. 2009 is perhaps the critical year in the current crisis, and how insurers manage uncertainty and change this year likely will determine their long-term success. PwC's report identifies nine significant issues that will help shape the insurance industry in 2009, and describes their implications.

Published on April 1, 2009 by PwC insurance, the report discusses the following top nine issues in 2009:

1.                   Risk management in the wake of the financial crisis
 
·         Maintaining adequate capital and surplus
·         Liquidity risk management
·         Effective risk management
·         Valuation
 
2.                   Back to basics
 
·         Solvency, and improving property and casualty claims
 
3.                   Cost reduction
4.                   Changes in sales and distribution
 
·         Declines in business volume
·         Speed to market
·         Changes in customer focus and related operating models
 
5.                   Investment management function effectiveness
6.                   Privacy and information protection
7.                   IFRS
8.                   Regulatory reform
9.                   Economic and tax policy agenda
 
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