Insurance
The insurance industry has faced major challenges in recent years. This has included changes in market conditions such as the low interest environment, a huge amount of regulatory change, the need to become more efficient (both from a regulatory capital perspective and to improve profitability), changes in distribution channels and therefore strategies, disposals of non-core businesses (most frequently) or acquisitions ultimately to increase efficiency through economies of scale. We have also helped clients to transfer or take on risk, playing a leading role in the now thriving market for transfer of longevity risk and otherwise to improve regulatory capital positions.