The global insurance industry is at a pivotal point. Macroeconomic shifts, rapid advances in technology, and evolving customer expectations are reshaping the landscape, creating both unprecedented opportunities and complex challenges. At the same time, regulatory requirements and accounting standards (such as IFRS 17, US GAAP changes and Solvency II) are forcing insurers to refocus and reimagine key processes in areas such as risk management, accounting and finance.
In order to respond to these increasing demands, the insurance industry will likely need more than incremental change. Insurance leaders should identify new opportunities and navigate the associated risks to help unlock the true potential of their value proposition. Leveraging data in new ways can also be a critical component as organizations redefine their operating models, drive digital transformation and strategically reinvent themselves into a business fit for the future.
At KPMG in Romania, our multidisciplinary insurance teams combine deep industry experience and technical capabilities with leading collaborations, technologies and approaches to help organizations enhance their operations and position themselves for sustainable growth and success.
