Wealth management and Life insurance
Introduction
The life insurance industry today faces challenges such as increased regulation, managing risk, accessing customers and distribution, and achieving operational and workforce efficiencies. Being innovative and agile can help insurers overcome these challenges.
At Deloitte, we are always seeking new and better ways of doing things to help our clients grow and assist them in creating operational efficiencies that add value to their businesses.
With an emphasis on quantitative modelling and strategic advice, we can assist in areas such as:
- Risk-based and regulatory capital
- Mergers and acquisitions
- Valuations
- Unit pricing
- Wealth management distribution, platform and customer insight strategies and
- Financial modelling and performance.
Our close association with other parts of Deloitte, including our Risk Services, Insurance Accounting, and Strategy and Operations practices, enables us to develop solutions that can be integrated across life insurers and their broader financial services groups.
We ‘think globally’ and bring our clients not just the best of us, but all of our global thought leadership and client experiences, so our clients can face their business challenges with confidence.
We can help you
- Understand the impact of regulatory changes for insurance, such as LAGIC and IFRS, and help design and embed supporting operational processes
- Design and conduct risk-based capital modelling (e.g. economic capital, target capital) for risk assessments and performance measurement of business units and products
- Design and rebuild your end-to-end actuarial modelling systems to the standard of industry best practice
- Reassess your pricing and product strategy
- Conduct M&A due diligence and appraisal valuations
- Leverage data to drive customer retention and acquisition, underwriting processes and acceptances, and claims management processes
- Provide a balanced view of the broader commercial and economic issues affecting the financial services and life insurance industries.
