Life and Annuity Insurance: Step Up or Be Sidelined
The CFO’s roles in a challenging marketplace
The life insurance and annuity carrier (L&A) industry is amidst a barrage of pressures on multiple fronts. Since the 2008 financial crisis, scrutiny of the financial industry is at a historical high. Stricter regulations surrounding financial disclosure and reporting, risk assessment, and capital management threaten substantial compliance risks. Insurance companies, specifically, face an uncertain regulatory environment.
The L&A industry has fallen short of US GDP for the past several decades due to prolonged
Beneath the veneer of challenges lie opportunities. To thrive in a complex ecosystem, leaders must galvanize the organization. Enterprises that balance financial viability with the consumer value proposition can stimulate growth and triage risk.