The economic turmoil: Managing risks and opportunities – Insurance Review, A Canadian Publication: PwC

December, 2008 – Insurance companies are facing unprecedented challenges in this period of economic turmoil. Stock markets around the world are wreaking havoc on investment portfolios. The weakness in the banking system is eroding public confidence and has lead to a tightening of the credit system. A declining Canadian dollar, lower real estate prices and lower employment rates all point to challenging times ahead.

In this special edition of the Insurance Review, PwC explores some of the issues insurance companies may be facing and offers insight into what can be done to lessen the blow.

PwC explores some of the issues insurance companies may be facing and offers insight into what can be done to lessen the blow.

Specifically:

  • Determining fair values of financial instruments
  • the impact on the life insurance and P&C industries
  • tax planning opportunities
  • sustainable cost reductions

This report is available at http://www.pwc.com/ca/eng/ins-sol/publications/ir-s-1108.pdf.

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