Many carriers believe they will be able to renew value creation by offloading legacy liabilities to owners better positioned to manage them and by refocusing their business model. ( totojang1977/Shutterstock) Many carriers believe they will be able to renew value creation by offloading legacy liabilities to owners better positioned to manage them and by refocusing their business model. ( totojang1977/Shutterstock)

The challenges and trends facing the industry are forcing some insurers to think about "where to play." This will result in a rebalancing of portfolios of businesses and a review of capital allocation, in particular through M&A and asset disposals.

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