Two of five U.K. life insurers
have not yet begun to prepare for new regulations, such as Solvency II,
leaving the possibility of unwelcome surprises in the near future. In
the United States, life insurers face pressure to improve their technology.
Although the stock market is currently in turmoil, pension funds in the United States, Canada
and around the world have seen their financial positions strengthen in recent years.
A
new book by
Watson Wyatt’s Ira T. Kay and Steven Van Putten concludes that
pay-for-performance is working at most companies. The book has been
featured in the Harvard Business Review and the
New York Times.
With the fast pace of today’s global business world, it’s helpful
for risk managers to take a step back and think broadly about how to
address insurance risk, Watson Wyatt’s Steve Lawrence writes in Risk Management magazine.
