Financial Services
Insurance: at the crossroads
This publication summarizes the issues discussed at the Reactions Global Insurance conference, sponsored by KPMG International, in November 2008 which focused on risk and capital management in the international insurance industry.
Everyone agreed that the current climate undoubtedly breeds caution and concern, leaving many industry participants feeling that in the short term the key aim is more about survival as the industry focuses on increased regulation as well as risk and capital management.
There is no doubt that regulation and risk management will be crucial over the coming months, both in light of the recent market turmoil and the current trends seen from regulators and rating agencies alike. The real issue however is likely to be how insurers can achieve a holistic view of risk management.
The discussions and opinions expressed at the conference clearly showed that we live in difficult times, but that there is already the appetite to thrive in the aftermath and find a way out of the current crisis as quickly as possible.
There is no doubt that regulation and risk management will be crucial over the coming months, both in light of the recent market turmoil and the current trends seen from regulators and rating agencies alike. The real issue however is likely to be how insurers can achieve a holistic view of risk management.
The discussions and opinions expressed at the conference clearly showed that we live in difficult times, but that there is already the appetite to thrive in the aftermath and find a way out of the current crisis as quickly as possible.
A copy of the publication can be downloaded by clicking on the link below.
