Matthew O’Mara Managing Director
Financial Services BearingPoint
The US economy is having a drastic effect on everyone particularly insurers. Economic events have created a more skeptical consumer who are looking for more economically sound companies. Insurers need to look at some key business drivers in 2009 in order to combat this growing customer cautiousness. Companies must now work within a new regulatory environment and changing customer demographics and globalization. In this podcast join Matthew O’Mara, Managing Director at BearingPoint as he explores these issues while offering insight into emerging IT spends and how firms can determine their short-term and long-term technology strategies. How have you seen the insurance industry change? Share your comments.
Sweeping Insurance Industry Change: Listen to the podcast
In the video interview with the Financial Times, Sandeep Vishnu looks at the strategies to market survival, including the observation that there may be too many strategy choices. He outlines the guiding prinicpals in risk management in particular the lack of data and governance issues. While examining governance Sandeep outlines some lessons risk officers should take from the current environment, amount other things their data infrastruture and shouting loudly. The interview also presents information on the lack of regulation that led to the current state and what we can expect from regulators in the future, specifically how they can work better with business … or if they should.
In this podcast Jack Perkins of the Financial Times interviews, BearingPoint managing director, Brian Hart during the Financial Times Data Management and Use Editorial Breakfast. During the interview Brian addresses the economic turmoil and the lessons risk executives can take from recent activities. Brian outlines recommendations for executives on how they can manage the economic downturn and addresses the need for a cultural overhaul. Finally the podcast reviews regulators and their responsibilities to the market while outlining some factors for future success.