Change brings opportunity for SG - winner of best bank
Low interest rates and the burden of regulatory change are transforming the business of Societe Generale's insurance clients. The firm's work on credit risk and longevity risk, in particular, carries it to the top bank prize in this year's awards
Awards 2014: Societe Generale
Best bank for credit risk, longevity risk and best bank overall
'If you don't like change, you will like irrelevance even less.' The harsh opinion of retired US army chief Eric Shinseki is similar to the view insurers have been forced to embrace in recent years. Firms have had no choice but to adapt, as they have found themselves in the impact zone of regulatory changes and facing historically low interest rates.
Of course, change also brings opportunity, which is
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