|
Insurance
Practical insights for a complex world
For today's insurance companies, dealing with complexity has become a competitive challenge. Globalization, low investment returns, reserve deficiencies, pressure to enhance shareholder value, and industry consolidation are the main factors driving business decisions. Deregulation has intensified pricing competition. Competition comes not only from other insurance companies, but also from banks, and alternative risk management mechanisms. As well, financial reforms around the globe are creating new regulatory and governance environments, affecting the economics of doing business.
To survive and thrive in this environment, insurance companies must stay focused on, increasing premiums, adding additional debt and/or capital, leveraging technology and other processes successfully to reduce costs, and realigning their lines of business to excel within niche or specialty markets.
KPMG is well positioned to help you with the issues your business faces. KPMG has a wide range of experience working with major insurers on financial and regulatory reporting, mergers and acquisitions, tax management and cost containment strategies.
|
