What are the challenges facing the finance function, and specifically the insurance finance function? Accenture research uncovered three main challenges. Permanent volatilityToday’s market is characterized by volatility, uncertainty and change....

Last week, I shared the key findings of the Accenture 2011 High Performance Finance Study. This week, I’ll talk about our recommendations for insurers as they position their finance function to deliver greater value to the enterprise. Recommend...

Amid the disruption of the economic downturn, the corporate finance function became stronger. That’s just one of the findings of the Accenture 2011 High Performance Finance Study. We found that finance functions did well overall—and that insurance...

Last week, I introduced the idea of advice-led distribution for life insurance, and explained that insurers need the right customers, and the right offers and experiences, to create competitive differentiation. This week, I’ll discuss the three ot...

More and more, individuals are facing the prospect of funding their own retirement. In both developed and emerging insurance markets, the ranks of the under-insured are growing. Meanwhile, shrinking profitability, increasing customer expectations ...

Just as technology is changing the traditional insurance industry, it’s having a tremendous effect on microinsurance. The rapid adoption of mobile phones in emerging markets means that regions with poor infrastructure and dispersed consumers can sti...

When it comes to microinsurance, an effective operating model is critical. It needs to enable the insurer to overcome challenges through development and marketing of a successful microinsurance product. Here are four key areas where the effectiven...

I’m halfway through a five-part series about how insurers can use microinsurance as an entry point to emerging markets. If you’re just tuning in, check out the first two parts of the series: Part 1: Introduction to microinsurance Part 2: Chara...

Last week, I introduced the idea of how insurers are succeeding at microinsurance in emerging markets. I’d like to take one step back and highlight some of the main differences between traditional insurance products and microinsurance. Types of...

Your mission, should you choose to accept it: target a customer segment that earns a few dollars a day, and drive profitability with policies priced at 50 cents. A few years ago, few insurers would have accepted—but today, more than 30 internation...