Incumbent insurers in Asia find product innovation challenging. Developing products to respond to customer needs, not risks or competitor actions, will be crucial.
Insights on Financial Services
Large insurers can turn their scale into a strong competitive advantage—if they recognize that fully harnessing the benefits of scale requires managing complexity.
Private health insurance is a significant growth opportunity for insurers in Asia. To compete, insurers will need to reimagine their value propositions and rethink their operating models.
Runoff policies often present profitability challenges for European life insurers. Those looking to create value from their closed books can learn from recent market shifts.
The risks facing banks are likely to intensify in three key areas in 2021. Boards of directors can help their institutions get ready to manage the changing risk environment.
The pandemic is the biggest stress test in decades for the global banking system. Romanian banks need to fundamentally rethink their business model in order to overcome this challenge.
As the region’s regulators increase license allocations and set standards for the next wave of digital banks, there are opportunities for both incumbents and new entrants to enter the arena.
The pandemic has been a tough, real-life stress test for government disbursement schemes, highlighting opportunities but also gaps and vulnerabilities.
As new digital players and ecosystems converge to offer basic insurance products, carriers need to evolve their digital capabilities and online user experiences to remain relevant and competitive.
In the transition to a green economy, the insurance industry can play a critical role in helping stakeholders manage risk.