Majority of Insurers Plan to Expand Internationally in Next 12 Months, Accenture Survey Finds

“BRIC” countries comprise the biggest expansion target

LONDON; June 10, 2009 – Despite the turmoil in the global economy, nearly two-thirds (62 percent) of insurers plan to grow outside of their home market in the next 12 months, according to findings of a global survey released today by Accenture (NYSE: ACN).

The survey queried more than 100 leading life insurers and property and casualty (P&C) insurers in 16 of the world’s largest insurance markets to better understand how they envision profitable international expansion in the current economic and financial turmoil. Among the study’s most significant findings:

"Stock-market volatility, changing consumer-buying behaviors and the economic situation are increasing competition and the challenges to achieving profitable growth," said Serge Callet, managing director of Accenture’s Insurance practice. "Having already maximized their domestic footprints, carriers are looking to emerging markets, where premium growth is significantly higher because of catch-up dynamics. However, to generate profitable international expansion, insurers will need to accelerate product innovation, drive new levels of operational efficiency, and increase the simplification and standardization of their internal operations across entire regions. In this context, the execution of a sound expansion strategy will make all the difference."

Methodology Accenture commissioned a quantitative survey of 104 international insurance companies around the world, including 51 P&C insurers and 53 life insurers, with more than US$1 trillion in total combined premiums. The telephone survey was designed by Accenture and was conducted by Kadence Ltd from December 2008 through April 2009, at the time where the financial services industry was facing one of its deepest crises ever. Respondents were C-level executives involved in the decision-making process for investments related to the international expansion of their companies; The 104 respondents included 28 from the United States; eleven from Italy, nine from the United Kingdom, eight each from Spain and South Korea; seven from France; six from Australia; five each from Brazil, China and Japan; four from Denmark; two each from India, Germany and Switzerland; and one each in Singapore and Finland.

About Accenture Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. With approximately 180,000 people serving clients in over 120 countries, the company generated net revenues of US$23.39 billion for the fiscal year ended Aug. 31, 2008. Its home page is



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