NMG Consulting is a leading multinational consulting firm focusing solely on investments, insurance and reinsurance markets. NMG’s vertically-integrated model - consulting backed by ‘information advantage’ from proprietary research - differentiates us from the competition. We work with financial institutions (insurers, reinsurers, fund managers and pension funds, banks and brokers) to shape strategy, implement change and manage performance. NMG Insights reports tap into the information flow from our consulting case experience, research and analytics programmes globally. We deliberately select topic areas that we believe do not attract sufficient attention, or where our views run contrary to the accepted wisdom. Insights reports are necessarily high level, and we do not publish client-specific data or detail from our proprietary studies. Sample NMG Insights reports can be found on the following page nmg-consulting.com/publications/reports/. NMG Consulting is a part of the NMG Group, an Independent, well established global financial services firm with approximately 800 employees across Asia Pacific, Europe, North America and South Africa.