Harvesting value

Insurance publications

Featured publications


Fall 2008 NAIC meeting notes
The National Association of Insurance Commissioners held their 2008 Fall National Meeting in Washington DC September 21-24. This newsletter contains information on activities that occurred in some of the committees, task forces and working groups that met there.

Turning risk into reward: Gearing up for a new world order in financial reporting, risk management, and capital management
The paper specifically addresses convergence toward an economic framework for evaluating solvency, reporting earnings, and measuring performance; the competitive impact of Solvency II; and, the complexities of IFRS Phase II.

Americas insurance digest, August 2008
This publication is dedicated to providing thought-provoking insights into some of the key strategic issues facing the insurance industry. The articles in this edition are as follows: Bermuda reinsurance market developments, Islamic insurance (takaful), contingent capital,recent developments in risk mitigation through reinsurance and capital markets, life settlements, corporate restructuring and re-domiciling, linking financial planning with strategic direction, global insurance and reinsurance tax developments, and fair value measurement.

Harvesting value while reducing costs: A rapid approach to organizational restructuring
Financial services executives view access to key talent as a crucial source of competitive advantage. As CFOs carry out cost-cutting initiatives, they cannot afford to risk cutting the wrong people. Using a staged approach to cost reduction enables companies to build on quick wins and gradually create a culture of cost management. Value-based organizational restructuring, which quickly generates cost reductions without sacrificing valuable talent, can help fund subsequent reduction efforts, including sourcing, process reengineering, and technology automation, while optimizing the long-term value of the organization and its talent.

Does ERM matter? Enterprise risk management in the insurance industry 2008: A global study
Does ERM matter? updates our 2004 survey of ERM in the global insurance industry, measures the progress companies have made with ERM, and describes potential future challenges. The publication combines an in-depth survey of 53 insurers from Asia, Europe and North America with PricewaterhouseCoopers' insights into what makes an effective ERM framework.

The gold standard and maturity framework: April 2008
A measurement of the self-insurance loss reserving process for corporate entities with property and casualty retained risks.

Continuing developments in the taxation of insurance companies 2007: The year in review
The monograph provides both a general overview and detailed analysis of developments affecting the taxation of insurance companies in the US.

European insurance digest, April 2008
The articles in this edition are: Smart cost management: Making every cent count, Tomorrow's workforce: Securing the talent to succeed, Three lines of defence: How to take the burden out of comliance, Gauging the risks and opportunities of the new international agreement on branch taxation, Ageing and insurance: The opportunities of an older Europe, Realising the potential: Entry and development in the Chinese insurance market.

Accounting for M&A in the insurance sector: A practical guide to IFRS and US GAAP implications
This publication is for those who wish to gain a broad understanding of the accounting for M&A in the insurance sector with IFRS and/or US GAAP reporting implications.

Insurance reporting at the crossroads: What do analysts think?
This survey provides valuable insights into analysts’ current thinking eg. insurance analysts are clearly calling for greater consistency and comparability of accounting presentations. Ultimately analysts want transparency and comparability and, although this is a challenge for companies and standard setters, there is scope for debate and consensus on the best way forward.

The Gold Standard & Maturity Framework, September 2007
This paper provides an illustration of a best practices reserving process, and a description of a maturity framework to evaluate a company's process, identify areas of inefficiency, and to monitor progress over time.

Get set for IFRS Insurance Phase II , September 2007
The planned changes, the business implications and what you should consider doing, including: systems upgrades would be necessary for all businesses; finance and actuarial department changes, cost synergies in implementing IFRS Phase II and Solvency II.

Additional publications



Contacts
James J. Scanlan
US insurance industry leader
Tel: +1 (646) 471 8037
Susan Leonard
US insurance tax leader
Tel: +1 (213) 830 8248
Paul Veronneau
US insurance advisory leader
Tel: +1 (860) 241 7568

© 2005-2008 PricewaterhouseCoopers. All rights reserved. PricewaterhouseCoopers refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
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