close
Share with your friends

We believe insurers need to focus on putting the customer at the heart of everything they do, from strategic decision-making to service and delivery. Insurers who look at building sustainable value for their customers will be rewarded by their investors.

Regulation

The advent of a new regulatory regime on consumer protection will have a ‘big bang’ effect on the insurance industry. Key to accommodating the upcoming disruption is preparedness and advance planning. At KPMG, we believe that if properly managed, the insurance industry can be both profitable and responsible. 

How KPMG can help

Our audit professionals, tax consultants, actuaries and advisory consultants work to deliver long-lasting value. Our global insurance practice covers 80 global financial centres and provides financial advisory and tax services to many of the world's leading insurers. Our multinational team of professionals provide a full service to all life, non life and reinsurance companies.

Our services

Audit

  • Irish GAAP
  • US GAAP
  • IFRS
  • Solvency II

Tax

  • Structuring and advice
  • Transfer pricing reviews
  • Insurance Premium Tax reviews
  • VAT structuring
  • Tax compliance including provisioning

Accounting change

  • IFRS 9, 15 and 17
  • US GAAP modernisation

Outsourcing

  • PCF roles across actuarial, risk, compliance and internal audit
  • Professional support to companies

Transformation

  • Cost reviews
  • Process improvement
  • Data optimisation
  • Fast close
  • Actuarial model upgrade

Regulatory

We understand the regulatory burden, the expectations of regulators and how rules should be applied. We’re able to identify the relevant rules and their impact on your business. Our multi-disciplinary team and unrivalled experience means that we are best placed to assist you with meeting your obligations. 
 
Expert witness
  • Independent Actuary for portfolio transfers
  • "Skilled Person" for CBI exercises

Capital

  • (Partial and full) Internal model validation
  • USP support
  • Capital optimisation

Authorisation

  • Support on application to new entrants

Risk function support

  • Review/build of risk frameworks including governance, risk appetite statements, risk registers and risk policies
  • Review/build of risk operations including risk oversight, reporting, data, systems and models
  • Review and development of capital management policies and plans
  • Review of effectiveness of risk functions

Transaction support

  • Pre-deal evaluation
  • Financial due diligence
  • Vendor due diligence
  • Contact assistance
  • Integration advisory
  • Bid services
  • M&A tax
  • Vendor assistance
  • Stock exchange and regulatory reporting

Get in touch

Find out how our specialists can help your business succeed; contact Brian Morrissey, Head of Insurance today. We'd be delighted to hear from you.