Financial Services Outlooks for 2017
Banking and securities, commercial real estate, investment management, and insurance
Like Mother Nature, the forecast for the Financial Services industry can be unpredictable. Will the 2017 financial services environment be hit with more storms and less fair weather conditions, or vice versa? Learn about the forces banks, commercial real estate firms, insurance companies, and investment management firms may need to overcome to stay ahead in the coming year.
Banking and Securities
Initial market reactions to the unexpected election outcome in the United States have indicated improved prospects for banks and capital markets firms in 2017. However, ongoing structural changes are likely to continue in the form of new operating models and investments in emerging technologies for greater efficiencies and competitiveness. Meanwhile, banks and capital markets firms are expected to deepen their engagement with the fintech ecosystem as the trend towards digitization accelerates. In this fluid environment marked by policy uncertainty, how will banks and capital market firms respond?
Commercial Real Estate
The real estate industry is increasingly influenced by rapid technological advancements and significant demographic shifts, which include growing urbanization, longevity of Baby Boomers, and differentiated lifestyle patterns of Millennials. In addition, macroeconomic and regulatory developments continue to impact profitability. How can companies gain a competitive advantage and drive top- and bottom-line growth? Here are some trends to pay attention to in 2017.
Several major trends will likely impact the investment management industry in the coming year. These include shifts in buyer behavior as the Millennial generation becomes a greater force in the investing marketplace; increased regulation from the Securities and Exchange Commission (SEC); and the transformative effect that blockchain, robotic process automation, and other emerging technologies will have on the industry.
Nimble will be the new normal in 2017 as insurance companies confront a marketplace that is changing more drastically than perhaps ever before. In addition to macroeconomic, social, and regulatory changes likely to impact the industry, insurers are coping with longer-term, game-changing trends. The increased connectivity among household and workplace devices, the development of autonomous vehicles, and the rising threat of cyber attacks are transforming the way people live and the risks they need to mitigate with insurance products. Insurers will need to adapt their business models to address these changes, which can be viewed as both threats and opportunities for growth.
Center for Regulatory Strategy Outlooks
In today’s rapidly evolving marketplace environment, key business issues are converging with impacts felt across multiple industry sectors. What are the key trends, challenges, and opportunities that may affect your business and influence your strategy? Look for more perspectives and insights from some of Deloitte’s forward thinkers.