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PDF Help Accenture, in association with CNBC TV18, hosted an exclusive panel discussion as part of the "High Performance Insurance" series in Mumbai on February 17, 2009. This was the first in a series of High Performance Insurance events and a wide range of topical insurance issues was discussed: - What strategic initiatives should insurance companies be undertaking given the current global downturn?
- Are strategies such as cost-cutting, re-examining risks and outsourcing enough?
- How can insurance companies find new growth opportunities and retain loyal customers?
Moderated by Vivek Law, national editor, CNBC TV18, the panelists included: - Ajay Srinivasan, chief executive, Financial Services, AV Birla Group
- Shikha Sharma, managing director and CEO, ICICI Prudential Life Insurance Co. Ltd.
- Gaurav Garg, managing director and CEO, TATA AIG General Insurance Co. Ltd.
- Pierre Nanterme, group chief executive, Financial Services, Accenture
- Sanjay Tugnait, managing partner, Financial Services, Accenture in India
The discussion was held amidst a dynamic audience of prominent leaders from across the insurance industry, representing life and non-life insurance companies. The discussion resonated with messages, including the need for companies to differentiate between achieving profitable growth rather than focus on grabbing market share alone, new opportunities opening up in the health and microinsurance sectors and how Insurance companies can leverage on long-term opportunities, as very few countries have the high savings ratio/rising income potential as India does. Pierre Nanterme and Sanjay Tugnait shared their insights on flexibility, transparency and the ability to exercise asset allocation becoming increasingly important. Read more about Accenture's research and insights in the Insurance sector. To Top |