EY Client Portal Library About us Newsroom Connect with us United States (English) Home Insights Industries Services Careers Home > Industries > Financial Services > Insurance 2014 Global insurance outlook As the global insurance industry emerges from a period of economic uncertainty, what lies ahead in 2014? We explore in our latest Global insurance outlook. 2014 Global insurance outlook 2014 insurance chief risk officer survey Building a sustainable financial services industry Overview About Insurance Advisory Assurance Tax Transactions Contacts Events Library Press Insurance: vast potential The US insurance industry is confronting significant demographic, macroeconomic and regulatory challenges to business models and operations. Organic growth continues to be a challenge, given the economic situation and the competitive landscape. Successful players are repositioning and reinventing their products, strategies and services. They are also taking significant steps to position themselves for growth and profitability in this competitive, lower-margin market. EY helps insurance executives identify and analyze the market forces that should be at top of mind. Stay nimble amid risk and regulation Waves of legislation continue to pressure management and absorb precious resources. Combined with the need to innovate in a highly competitive environment, this is causing some insurers to withdraw from long-standing core markets and product lines. However, insurers are adapting by leveraging technology and developing operating models that are compliant with changing regulatory regimes. New business architectures will enable insurers to release better products more quickly and cost effectively. Gain market insight The balance of power is shifting toward the customer, and distribution models are rapidly evolving. Shifting demographics and digital disruption are transforming long-standing retail distribution models. Success will be achieved with patience, long-term investment and genuine understanding of local dynamics. Underwriting and pricing effectiveness Policy administration and billing transformation Product development and delivery Claims transformation Are you ready for Solvency II? Actuarial and risk management strategies Be prepared for IFRS/accounting changes Customer agenda Governance facing the industry today The emergence of emerging markets Contact us Contact one of our insurance professionals. Connect with us Stay connected with us through social media, email alerts or webcasts. Or download our EY Insights app for mobile devices. For related reading, visit our new customer site. Webcasts ORSA opportunity: compliance and business value (15 October 2013) Insurance contracts: exposure draft comment letters - summary and analysis (18 November) Managing change David Hollander, Global Insurance Advisory Leader, discusses the key challenges facing insurers. Privacy BCR Accessibility Legal Global Code of Conduct Site map Our locations Contact us EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. This site uses cookies to provide you with a personalised browsing experience. By using this site you agree to our use of cookies as explained in our Privacy Policy. Please read our Privacy Policy for more information on how we use cookies and how you can manage them. Close