Insurance

The insurance industry is following ...

The Sprint for the Global Footprint: How Insurers can Build a Profitable Growth Strategy through International Expansion   The Sprint for the Global Footprint: How Insurers can Build a Profitable Growth Strategy through International Expansion
PwC's Marie Carr discusses how insurance companies can expand to international markets

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Fire, Ready, Aim: Don't Miss the Point of a Policy Administration Transformation   The Sprint for the Global Footprint: How Insurers can Build a Profitable Growth Strategy through International Expansion
Projected slower growth in developed economies is creating a mandate for insurers to expand internationally. However, no one strategy fits all in terms of where, how, and when to expand. In fact, leading insurers have learned that uniform approaches fall short, and that the key to success is making available information actionable.

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Policy Administration Transformation   Policy Administration Transformation
In this Financial Services video, Imran Ilyas discusses the importance of planning for conducting a policy administration transformation.

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Fire, Ready, Aim: Don't Miss the Point of a Policy Administration Transformation   Fire, Ready, Aim: Don't Miss the Point of a Policy Administration Transformation
The frequency and complexity of changing market dynamics have made a modern and flexible PAS platform a necessity for desired growth and profitability, and most insurance carriers are placing policy administration system (PAS) transformation near the top of their to-do lists. Companies that do not adapt risk losing market share while experiencing continually escalating costs.

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Ready, set, FATCA: How the new rules will affect insurers, and why early action is the best policy   Ready, set, FATCA: How the new rules will affect insurers, and why early action is the best policy
Recent technological advancements, widespread adoption of smartphones, and the ever-evolving nature of vehicle communications systems represent a unique confluence of trends that present a significant opportunity for insurers. By incorporating mobile telematics into the core business strategy, insurers can fundamentally alter and improve the value proposition for consumers in an unprecedented way.

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Although the worst of the financial crisis is over, insurers are still faced with a very challenging economic environment. How they maintain adequate capital, manage risks, retain business and contain costs in a highly competitive market will determine their long-term success.

PwC is here to help.

As the leading provider of professional services to insurance companies, PwC has extensive knowledge of the issues, trends and challenges that insurers face every day. We utilize integrated teams of insurance accounting, tax and business advisory professionals who are well versed in all the key issues that insurers face, including financial reporting (GAAP, SEC, IFRS), risk management, taxation, regulatory compliance, sustainable cost reduction, functional effectiveness, process improvement, valuation, privacy and information protection, and systems implementation.