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General Insurance Update 2014

General Insurance Update 2014

The 2014 General Insurance Update looks to the future, focusing on the changing risk landscape and corresponding opportunities across the industry.


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The topics covered in the 2014 General Insurance Update includes:

With competition increasing and rates softening, we look at pricing fundamentals and question whether now is the time for a pricing shake-up.

Risk Management
Earlier this year, the Reserve Bank of New Zealand announced that it would undertake a thematic risk governance review across the insurance sector. What does a good risk management framework look like?

We look at how technological evolution over the last three decades has shaped the way insurers engage with policyholders, and what the future may look like as insurers embrace the digital world.

Health and Safety
In this article, we consider the implications for directors of insurers of the Health & Safety Reform Bill.

Business Transformation
Initial findings of a recent KPMG Global survey highlight the opportunity presented by the vast amount of personal information available to insurers. We examine the competitive advantage gained by those who embrace technology and use this data to respond to changing customer needs and demands.

Cyber Security
The head of our Security Advisory Services practice details the five most common cyber security myths. As with Health and Safety, we believe cyber security risk should be high on Board agendas.

Demographic Change
With input from the KPMG Global Insurance Leadership Team, we explore the opportunities and challenges posed by changing demographics and the impact of these on the insurance sector.

© 2020 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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