Life insurance markets are characterised by significant country-by-country variation. It’s a public good but one with low consumer appeal and the demographics are challenging.

Major reinsurers (like major brokers) operate globally and across life, health and property & casualty lines. Reinsurers are the global risk specialists of the insurance industry.

Wealth management is domestically focussed but regulation - and the need for optimal scale - is challenging players across many countries to re-think operating models, the approach to consumer engagement, the interaction with financial advice and inorganic growth strategies.

The asset management landscape is populated by international titans, fast-growing boutiques and everything in between. Differential scale dynamics and regulation are driving important decisions on outsourcing and the disruption of the value chain.