Actively shaping the insurance industry of the future
Significantly increased market requirements, higher cost pressure and increasing regulatory complexity characterise the current market environment for German insurance companies. KPMG actively supports its clients in seizing the opportunities of this changing market. We work in partnership with our clients to design sustainable business models, from process optimisation to support for outsourcing measures. Operational excellence stands for forward-looking corporate strategies – which pay off even in a difficult market environment.
Operational excellence through finance transformation
To address the increasing cost pressure, KPMG is currently supporting its insurance clients in a number of finance transformation projects. In financial processes, whose complexity is increasing even further due to Solvency II and IFRS, KPMG develops forward-looking processes using modern IT systems.
IT transformation in life insurance
The German life insurance industry is under particular pressure due to the ongoing low-interest phase and often outdated system landscapes. In this difficult environment, the industry faces the challenge of modernising and future-proofing existing business systems.
Partner, Financial Services, Solution Lead IT Compliance & Cybersecurity
KPMG AG Wirtschaftsprüfungsgesellschaft
In this context, the introduction of a new IT core solution places the highest demands on the business entity. In the German life insurance market, standard software solutions have become increasingly established in recent years. KPMG certifies life insurance standard IT solutions and supports their successful implementation.