Extraordinary times for the insurance industryAddressing current business trends and tax implications |
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In the current economic environment, corporations are focused on managing risk, conserving cash and reducing costs. Economic growth in the United States and globally may be constrained indefinitely by a slow recovery in consumer spending and an ongoing runoff of foreclosed properties in the housing market. |
Several overarching business trends are likely to affect enterprises in these extraordinary times. The way in which each insurance company addresses these trends may impact the success -- and in some cases the survival – of financial service companies, specifically insurers. A common thread running through these trends is significant tax considerations. The corporate tax function can play a critical role in addressing tax implications.
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Extraordinary times for the insurance industry
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