As globally witnessed, reinsurers have demonstrated robustness in facing a flux of sizeable claims arising from various catastrophe and man-made losses. Their strong capitalization and conservative investment strategies have been key to their survival. However, underwriting profitability remains strained, due largely to persistent low interest rates that have pressured investment...
Discover more insightsIn the current dynamic business environment, risk management has become an integral part of the strategic process, a shift greatly influenced by economic volatility, advancements in technology, and regulatory changes. Growth-oriented organizations are now incorporating comprehensive and proactive risk management approaches in their strategy formulation, which revolve around identifying, assessing,...
Discover more insightsA shift towards digitization and automation of financial processes has driven the proliferation of treasury and risk management applications. Globalization and increased complexity in the financial landscape necessitate effective cash and risk management strategies. Organizations are thus deploying these tools to facilitate strategic decision making, optimise liquidity and effectively manage...
Discover more insightsAnalyses carried out on a quarterly basis, looking at the global risk landscape, reveal ever-changing dynamics. Variables such as geopolitical shifts, emerging market developments, and fluctuations in commodity prices all play a significant role in redefining risks. Technological advancements and cyber threats also have major impacts, indicating that intricate dimensions...
Discover more insightsIn the arena of UK protection insurance, Term and Whole Life Insurance divide the market between themselves. Term Insurance, as implied by the name, provides cover for a specific term, and if the policyholder survives the term, the insurance expires without value. Its attraction lies in its affordability and the...
Discover more insightsAt the epicenter of the insurance sector rest global governance frameworks, which are critical in shaping the industry. These frameworks, characterized by a blend of global standard setting and national regulation, significantly influence business models, operating strategies and risk management practices of insurance firms. Interconnectedness of economies has spurred the...
Discover more insightsSiemens Healthineers holds a substantial position in the global diagnostics market. The corporation integrates cutting-edge technology and healthcare knowledge to deliver innovative medical solutions, enabling it to always stay ahead of the curve. The firm's innovative diagnostic devices and health IT platforms are well-regarded for their effectiveness and practicality, bolstering...
Discover more insightsThe insurance sector has seen significant changes in governance practices, mainly triggered by increased regulatory scrutiny and shareholders demanding greater transparency. New corporate governance guidelines, primarily focused on enhancing accountability and mitigating corporate malfeasance, have necessitated proactive board involvement and effective management structures. Insurance companies now need to realize the...
Discover more insightsTechnological advancements have indisputably changed the dynamics of treasury functions. Automation and digitization, for example, have minimized manual input and simplified complex workflows, thereby significantly increasing efficiency and minimizing chances of human error. Further, deployment of predictive analytics and artificial intelligence have made cash flow forecasting more accurate and risk...
Discover more insightsThe emergence of embedded finance, especially in lending operations, reveals a novel paradigm where financial services are integrated directly into non-financial platforms. It means traditionally non-financial institutions can offer credit services, originating loans, and offering credit lines. This seamless integration has the potential to draw considerable investment due to the...
Discover more insightsThe onset of COVID-19 has precipitated significant challenges within the life and health reinsurance sector, exacerbating existing volatility and fueling new difficulties. Underwriters have faced profitability pressures due to increased mortality rates and amplified claim expenses, unfavorably shifting the market landscape. The economic impact of government interventions, variations in pandemic-related...
Discover more insightsThe global stabilizer market, including food and beverage applications, is positioned for significant growth. The demand is largely driven by increasing consumer preference for ready-to-eat food products because of their convenience and the growth in fast food industries. Furthermore, advancements in stabilizer technology facilitate the preservation of taste, texture, and...
Discover more insightsIn the wake of the global health crisis, there has been a heightened awareness towards mortality risk, reinforcing the value proposition of life insurance products. This has led to increased demand for life insurance underwriting services as insurers face a surge in policy applications. However, this increased demand presents a...
Discover more insightsInsurance distribution dynamics in the UK market are undergoing a profound transformation. Technological advancements such as digital platforms and expanding data availability have opened fresh avenues for insurers. These changes influence not just how insurance products are distributed, but also how consumers purchase and interact with them. As a consequence,...
Discover more insightsThe Direct Life Insurance Carriers segment has been experiencing a shift towards digitalization, underscored by an increasing necessity for efficient customer service and accelerated claim settlement processes. Another notable trend is the growing inclination to customized coverage plans, driven by an increasingly informed customer base, eager to procure policies befitting...
Discover more insightsThe global extended warranty market is fraught with challenges hinged on regulatory shifts, and technology-driven disruptive models. The market wrestles especially with the need for regulatory compliance across multiple jurisdictions and creating customer-centric warranty packages. Additionally, as products become more technologically advanced, offering corresponding warranties that cover potential mechanical or...
Discover more insightsThe executive function of the treasury in an organization, often seen as dealing solely with the management of liquidity, actually has far-reaching implications in risk management. The treasury is pivotal in supporting a business's strategic operations by administrating its financial risks. Its tasks include the identification, measurement, and management of...
Discover more insightsWithin the insurance sector, technology is playing a pivotal role in transforming traditional distribution models. AI-based recommendation engine technologies and machine learning are driving the surge in automated underwriting, leading to personalized policy generation and issuing. Blockchain makes peer-to-peer insurance models, aiding in the decentralization of policy management which enhances...
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