Article

Czech Republic Insurance Conference 2016

Improving performance in a challenging environment

November 4, 2016
| Czech Republic

Willis Towers Watson held its annual Czech Insurance Conference on 13 October 2016, under the theme of “Improving Performance in a Challenging Environment”. 36 participants from insurers, reinsurers and the Czech National Bank heard contributions from some of Willis Towers Watson’s experts in Prague, London and Cologne covering a broad range of topics including:

“By covering such a broad range of topics we managed to demonstrate the breadth of Willis Towers Watson’ consulting capabilities to an engaged and influential audience from across the Czech insurance market. In particular, delegates contributed to a lively discussion on the complexities of the proposed IFRS on insurance contracts”

Roger Gascoigne, RCS Czech Republic

  • Future of insurance reporting – preparing for the complexities of IFRS 17
  • From investment to protection: the impact on the pricing and distribution of life assurance
  • Developing best practice in non-life pricing
  • Claims management: leveraging analytics to improve performance
  • Evaluating the new normal: climate risk impacts for the Czech Republic and CEE

Roger Gascoigne - RCS Leader Czech Republic

Roger Gascoigne

During the event, we presented the initial findings of Willis Towers Watson’s survey of senior insurance executives exploring the prospects for the Czech insurance market in the period to 2020. In addition to ongoing concerns around distribution models (and commission levels) participants in the survey clearly identified the ability to manage and gain competitive advantages from new technologies together with the imperative of improving customer orientation as the main market drivers in the next 5 years.