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.

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.

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.

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.