Thank you

Your order has been placed.

Order print version

* Mandatory fields


sigma 6 2017

sigma 6/2017: Life in-force management: improving consumer value and long-term profitability

Life insurers are facing many challenges, including low interest rates, a difficult pricing environment and the need to adapt to regulatory changes. More broadly, developments in demographics, medicine and technology will change mortality and morbidity rates in many parts of the world, having a fundamental impact on life insurance business.

Year: 2017 | Type: Article

sigma 6/2017: Life in-force management: improving customer experience and long-term profitability

For long-term sustainability, life insurers need to maintain a strong connection with their consumers. Increasingly, insurers are focusing on improving relations with existing policyholders by steering customers toward high-value products, increasing persistency and improving claims management. This increased focus on existing rather than new business is about enhancing long-run profitability. Insurers can improve profits on in-force life books by judicious asset management, optimal capital allocation and reduced operating costs. These actions can reduce the cost of providing insurance and hence increase sales with lower prices.

Type: Publication

sigma 5/2017: Commercial insurance: innovating to expand the scope of insurability

Technological, economic, demographic, societal and geopolitical macro trends are driving deep changes in the business environment. These structural changes create new opportunities, but also new risks. Further, the corporate sector has changed from being dominated by physical assets to deriving more value from intangible ones. These transformations and the associated exposures they give rise to show in the risks that companies are most concerned about. For example, today business interruption is the key corporate risk concern, increasingly linked to cyber and supply chain risks, according to surveys of risk experts across the globe.

Type: Publication

sigma 4 2017

sigma 4/2017 Insurance: adding value to development in emerging markets

The standard measure to gauge the development of a country's insurance market is the insurance penetration rate. But premiums expressed as percent of a country's GDP do not help elucidate how, in terms of real-life experience, insurance ownership can help improve the quality of peoples' lives.

Year: 2017 | Type: Article

sigma 4/2017: Insurance: adding value to development in emerging markets

Emerging markets have been a major driver of global insurance premium growth over the last two decades. In 2016, emerging markets accounted for 20% of global premiums, up from 5% two decades ago. Nevertheless, many individuals and enterprises in emerging markets remain under- or uninsured, and therefore unprotected against external shocks arising from illnesses, natural disasters and accidents. These shocks can have lasting negative consequences for both economic growth and human development.

Type: Publication

sigma 3 2017

World insurance in 2016: the China growth engine steams ahead

The global primary insurance market grew solidly in the past year and China made the most significant contribution. Nevertheless, advanced markets remain the biggest in premium volume terms. A feature of the growth of China and other selected markets has been a strong increase in the share of online purchases of insurance. More broadly, however, the pace of development of digital distribution in insurance has varied across different markets and in some, agents and brokers remain dominant, the latest sigma says.

Year: 2017 | Type: Article

sigma 3/2017: World insurance in 2016: the China growth engine steams ahead

Growth in the global economy was little changed in 2016 from the previous year with real gross domestic product (GDP) up 2.5%. Advanced economies’ GDP remained below the pre-financial crisis average, but was slightly above the annual average of the previous 10 years. Emerging market growth picked up only marginally, and was still far below the 10-year average.

Type: Publication

sigma 2/2017: Natural catastrophes and man-made disasters in 2016: a year of widespread damages

In terms of devastation wreaked, there were a number of large-scale disasters across the world in 2016, including earthquakes in Japan, Ecuador, Tanzania, Italy and New Zealand. There were also a number of severe floods in the US and across Europe and Asia, and a record high number of weather events in the US. The strongest was Hurricane Matthew, which became the first Category 5 storm to form over the North Atlantic since 2007, and which caused the largest loss of life – more than 700 victims, mostly in Haiti – of a single event in the year. Another expansive, and expensive, disaster was the wildfire that spread through Alberta and Saskatchewan in Canada from May to July.

Type: Publication

Cyber: getting to grips with a complex risk

Getting to grips with cyber risk

Cyber risk is a growing concern for businesses. Insurance can play a role to boost resilience, but firms will need to work with their insurers to create a market that is sustainable.

Year: 2017 | Type: Article

sigma 1/2017 - Cyber: getting to grips with a complex risk

Cyber threats are evolving rapidly due to the growing digital transformation of society, the widespread use of internet-enabled devices and processes, and the changing profile of hackers. Recent high-profile cyber attacks demonstrate that the extent of associated possible losses is also broadening, increasingly comprising both physical and financial damage relating to data privacy breaches and to companies’ tangible and intangible assets, and also business interruption costs. As a result, the issue of cyber protection is rising up the corporate agenda, at both large and small companies.

Type: Publication

Show more

Loading Articles