Insurance platforms have to simplify before moving towards the shiny new future
June 11, 2019 by Alicja Grzadkowska
Divesting, or the selling off of distressed assets and businesses, has picked up steam since the 2008 financial crisis, though a recent report shows the drivers pushing companies to divest are no longer mandatory state aid regulations. Instead, companies need to strategically divest in order to remain competitive.
The insurance sector in particular is seeing a lot of divestment as 87% of businesses plan to divest in the coming two years, while 75% plan to do so in the coming 12 months, according to the EY Financial Services’ 2019 Global Corporate Divestment Study, which surveyed more than 1,000 global corporate and private equity executives.