Swiss Insurance Club Chancen- und Risiko- Management im ... - PwC

Swiss Insurance Club Chancen- und Risiko- Management im ... - PwC Swiss Insurance Club Chancen- und Risiko- Management im ... - PwC

07.02.2013 Views

Insurance is a Risk Business Regulatory changes Threats to reputation Cost pressures Falling equity markets Legacy systems Diverse Operations Litigation and changing legal framework Acquisitions and disposals Credit/market/ operational risk 6 Filename PricewaterhouseCoopers

Trend 1 – Convergence, consolidation, business lifecycles, E-biz � Convergence is gathering pace and is easier in cyberspace � E Biz transformation and its effects - Rapid entrance of new players - Transformation of the value chain and distribution networks � Consolidation of back office factories consumes resources and generates risk � Company lifecycles are becoming shorter (38 years and falling) � Company managers have less experience of executing strategies 7 Filename PricewaterhouseCoopers

<strong>Insurance</strong> is a Risk Business<br />

Regulatory<br />

changes<br />

Threats to<br />

reputation<br />

Cost<br />

pressures<br />

Falling<br />

equity markets<br />

Legacy<br />

systems<br />

Diverse<br />

Operations<br />

Litigation and<br />

changing legal<br />

framework<br />

Acquisitions<br />

and disposals<br />

Credit/market/<br />

operational risk<br />

6 Filename PricewaterhouseCoopers

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