Insurance

Helping insurers succeed, from strategy through execution to results

Overview

The UK insurance market, including the unique ecosystem that is the London and Lloyd's Market, is a global centre of expertise that provides vital protection to people and companies, alongside tax-efficient savings. The sector’s strong focus on innovation and commitment to global relationships means it is well-positioned for the future. However, it must continue to work with stakeholders to build relationships and create innovative solutions. Technology can be instrumental in simplifying the insurance proposition, increasing transparency and emphasizing the industry’s role as an ‘enabler of lifestyles’.  

Insights

Claims workforce of the future: Determining the skills, talent and technology for 2030

Claims workforce of the future: Determining the skills, talent and technology for 2030

The insurance workforce will be evolving over the coming years, and the speed of change will be greatest within the claims function. This report looks at what the claims workforce of the future could look like, and the key next steps insurers need to take to get there.

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Gender Pay Gap Reporting: Spotlight on insurance

Gender Pay Gap Reporting: Spotlight on insurance

The 5th of April 2018 marks the end of the first year of disclosures under the new UK gender pay gap reporting requirements. Just over 10,000 companies employing more than 250 people in England, Scotland and Wales have disclosed their figures, although reportedly more than 500 are yet to publish and may face possible fines and reputational damage.Below is an analysis of the gender pay disclosures for companies in the insurance sector, including how the disclosures in the insurance sector compare to the wider UK disclosures.

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What we learnt from over 5000 pages of regulatory disclosure

Insurance companies published their Solvency and Financial Condition Reports (‘SFCR’) for the first time on 20 May 2017, giving us more insight into the financial condition of insurers in the UK than ever before. PwC have looked at the SFCRs of 69 UK companies, a total of over 5000 pages.

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Contact us

Jim Bichard
UK Insurance Leader, PwC United Kingdom
Tel: +44 (0)20 7804 3792
Email

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