Viewpoint: Unallocated premium cash is a serious issue for insurers

Unallocated cash can be a sign of deep-rooted cash management and control issues at insurers, potentially leading to late settlement of liabilities, reporting inaccuracy and issues with regulatory compliance and audits. But for too long, cash management has been seen as an unglamorous and non-urgent issue for an industry that benefits from strong cashflows due to its premium-driven nature.