In the wake of the current challenging market scenario, the insurance industry is in search of ways to maintain adequate capital, manage risks, retain business and contain costs. Insurers are facing the most challenging economic environment in recent years. With the current ways of doing business under stress, the ongoing financial turmoil is having a profound effect on the industry and policyholders. 2009 is a critical year for insurers as this year will decide how insurers manage uncertainty and change to ensure long-term success.
