Turning Risk Into Reward: Gearing Up for a New World Order in Financial Reporting, Risk Management, and Capital Management

Many analysts, investors, and other observers view financial reporting within the insurance industry as baffling, opaque, and ineffective at providing information about the underlying financial condition of a given business. In an industry on the brink of its biggest financial reporting shake-up in a generation, these long-held perceptions are certain to change as risk becomes a more important consideration in decision-making and disclosure. While this change presents sizable implementation challenges, it also potentially provides insurance businesses an opportunity to move to a better informed more economic footing.