Insurance market update – September 2011
The Deloitte view for non-life insurers
We live in uncertain economic times. Recent events have shown that financial markets continue to be uneasy and there is the risk of a downturn in global economic conditions. The combined impact of investment losses, underwriting losses and an active hurricane season is imposing its own crunch on insurers’ profitability, capital and credit ratings.
At a time when profits and capital are under pressure, insurers are rightly focusing on strong cost and capital management. These remain areas where many insurers could potentially drive further benefits.
In this edition, we review some of the factors putting pressure on insurers’ capital, making insurance companies re-evaluate their optimal business models and capital structures. Throughout the article we explore this from a commercial, investor, regulator and tax perspective.
Insurance Market Update (PDF)