A two-tier approach is needed in future to tackle mature and emerging markets
Insurance analysts have shifted their focus in response to the financial crisis, according to research by Deloitte. Analysts have identified balance sheet and risk management as the top priority. Before the economic crisis, the highest priorities was revenue and income growth.
Deloitte partner Andrew Power said: “The organisation required to go after revenue growth looks very different to what is required for improved balance-sheet management and operating efficiency.
“In order to achieve both goals, Deloitte recommends insurers adopt a dual-purpose two-tier model to give insurers the flexibility to straddle both mature and emerging markets.”