It’s easy to get so caught up in your job’s daily demands that you don’t have time to stop and consider the Big Picture. For instance, when was the last time you asked yourself: How are we doing relative to other organizations? What investment accounting roadblocks do our peers experience? How are they addressing these challenges? How long does it take other companies to close their books? Which asset classes are other investment teams considering in this low-yield environment?
The answers to these questions are important to us as well. That’s why Clearwater recently conducted the 2015 Insurance Investment Benchmark Survey. We wanted to explore the challenges that keep investors up at night, identify industry-wide perceptions of the investment and regulatory environment, learn more about the tools you and your peers use to tackle age-old investment accounting and reporting challenges, and uncover emerging trends and best practices.
We conducted the survey in April and collected responses from more than 450 insurance accounting and finance professionals, including more than 100 CFOs at leading insurance companies. We are now in the process of compiling the results and writing a comprehensive benchmarking report. The 2015 Insurance Investment Benchmark Survey Report will be published this fall and will offer accounting and reporting best practices. Based on in-depth data analysis from Clearwater’s insurance industry experts, this report will enable you to measure your own internal accounting and reporting processes against your peers’.
Clearwater recently presented preliminary survey results at the IASA National Conference in Las Vegas in June. Some of the key findings included:
As we expected, the survey data reveals a number of interesting trends among investors in the insurance industry, including the concerns, processes, and strategies taking shape in a variety of roles and with a variety of perspectives. Some of these trends include:
The complete 2015 Insurance Investment Benchmark Survey Report is now available for download.