The insurance industry is rapidly evolving. Disruption is everywhere. The pressure to transform is immense.
Not surprisingly, deal activity in the sector is expected to rise. In fact, in a recent survey of decision-makeres at more than 200 insurance organizations around the world, we found that 84 percent of firms think they will undertake one to three acquisitions over the coming year, while 94 percent plan at leat one divestiture.
But, at the same time, industry players are also becoming more strategic about inorganic growth intiatives; everyone recognizes that the traditional reactive approaches to mergers are no longer sufficient in today's environment.
© 2021 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.