Insurance

The new regulatory requirements (Solvency II and IFRS), combined with reforms concerning public health and retirement, profoundly alter the competitive environment and strategy of the industry players (Insurance, Mutual and pension groups)

The losses incurred during the crisis and  the convergence of banking and insurance activities are additive factors of pressure on margins.

In this challenging environment, Insurance companies must adapt their business model to new capital-constraints and meet new consumer expectations in terms of financial protection and customer relations. Such shift should be implemented as part of effective operational models and thoroughly developed risk processes.