Financial institutions are under constant pressure to reduce costs, improve operational efficiency, adapt to regulatory changes and grow their business. NRI believes that a combination financial knowledge and information technology are crucial to the industry’s growth and development. Through our lakyara reports, NRI identifies the various capital markets and IT issues impacting our clients and the future of their business.
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Chinese Capital Markets
In 2012, the Chinese insurance industry experienced a slowdown in premium revenue growth and downturn in investment returns. Against such a backdrop, regulatory restrictions on their investment activities were eased. The deregulatory measures are expected to have an impact on insurers' operations.
In September 2012, we surveyed banks about their preparations for the coming advent of ISAs. We found major differences in their state of preparation, with some cautious about ISAs and others aggressively targeting them. With little time remaining until ISAs' launch date, advance preparations will be a key determinant of success or failure in the ISA market. Financial institutions should hasten to prepare.