Insurance

Helping insurers succeed, from strategy through execution.

As the leading provider of professional services to insurance organisations, PwC has extensive knowledge of the issues, trends and challenges that insurers face.

Global InsurTech Report 2017

Insurance’s new normal: Driving innovation with InsurTech

The insights in this report are based on the responses of 189 senior Insurance Sector executives from 40 countries who participated in PwC’s Global FinTech Survey 2017. We complemented the report with our own insights and analysis into how InsurTech and Insurance are moving closer together and how insurance is innovating in response to InsurTech.

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Keeping pace with change Insurance Banana Skins 2017: A Singapore observation

Concerns around change dominate Singapore's insurance risk climate. This brings into question whether incumbents have what it takes - strategy, talent, management and mindset - to keep up. PwC explores the top 10 insurance areas of risks, or "Banana Skins", in Singapore and shed light on the shifting threats facing the local industry.

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The Singapore insurance industry provides a broad range of life, health, general, commercial and reinsurance coverage to individuals and businesses. A strong regulatory environment and entry of a number of global companies and brokers has seen Singapore established as a key regional centre for insurance and reinsurance, and domestically the penetration of life and health products continues to increase.

Challenges faced by insurers include the need to strengthen customer relationships and develop tailored and targeted products in the face of increasing customer demands and competition.

How we can help

PwC has an expert team of insurance industry specialists providing services across a wide range of areas. In addition to our assurance and tax services, we are currently helping clients succeed during this period of evolution by advising on strategies around customer engagement and retention, big data and digital technology.

Key to our team's ability to deliver value to our clients is our depth of understanding of what is happening in the industry both locally and internationally. Examples of our understanding of global trends and how these will impact on the local market are reflected in PwC's Insurance 2020 series, Insurance Banana Skins and updates on IFRS for Insurance Contracts.
 

Insights

Contact us

Woo Shea Leen
Insurance Leader
Tel: +65 6236 3908
Email

Antony Eldridge
Financial Services Leader
Tel: +65 6236 7348
Email

Brendan Egan
Tax Partner
Tel: +65 6236 3928
Email

Andrew Taggart
Partner
Tel: +65 6236 4548
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