(PRWEB) May 31, 2012
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC, reports that 36% of general insurers plan to re-price products in the run-up to Solvency II and that’s up significantly up from 19% last year.
The latest edition of the annual Deloitte Solvency II survey, conducted by the Economist Intelligence Unit and reported on by Big4.com, also found that life companies are more likely to change their product mix - 26% of life companies say they will do so compared to 8% for non-life companies.
Rick Lester, lead Solvency II partner at Deloitte commented:
“This year’s survey has identified interesting developments in insurers’ approaches to Solvency II and many have reviewed the way it will be implemented,” he said. “In past surveys insurers have talked of the need to restructure and reorganise their business; now they are analysing the risks they run and reviewing the amount of capital they need to write these risks, and adjusting their pricing and product mix accordingly.”
There has been a big fall in the number of insurers which plan to restructure their business. Less than a quarter (23%) say they will re-organise their business. That’s down from 47% last year.
Big4.com also notes that there has been a big fall in the number of insurers which plan to restructure their business. Less than a quarter (23%) say they will re-organise their business – down from 47% last year.
Big4.com is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.
Big4.com has a strong presence on key social media platforms:
Youtube: Big4Video is a professionally produced weekly news magazine.
Twitter: twitter.com/big4 has 9,000 followers.
LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 85,000+ members.
Facebook: The Big4 fan page has 5,500 fans at facebook.com/big4page.
Xing: The Big Four Alumni and Professionals group has 1,450+ members.
- Kristy Short