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Insurance 

Canadian insurance enterprises face a complex and rapidly changing environment. Organizations should recognize and anticipate the risks and opportunities that are out there, while focusing on the issues that really matter.

Canadian insurance enterprises face a complex and rapidly changing environment

Growth:

 

In a mature insurance market like Canada, insurers are expected to consistently deliver strong revenue growth through new product development that utilizes demographic changes. KPMG delivers vital strategies for insurers that include:

 

  • Mergers and Acquisitions
  • Geographic Expansions
  • Product Development
  • Cross Selling
  • Client Retention

 

We also help insurers expand into emerging markets which are generally underinsured but increasingly affluent.

 

Performance:

 

It is crucial to deliver strong and consistent earnings. Cost management, operational excellence, and the optimization of a business’ operating model are all high on the agenda.

 

Governance:

 

Insurance companies face the challenges of improving the quality of their risk management, improving their underwriting discipline, and bettering their risk pricing. This is a growing challenge as the evolving industry standards of IFRS and reforms of capital standards and regulation place new demands on insurers for:

 

  • Documentation
  • Reporting of Risk
  • Increased Control
  • Improved Transparency 
  • Financial Reporting
  • Regulatory Reporting
  • Mergers and Acquisitions
  • Tax Management
  • Risk Management
  • A Wide Range of Organizational Improvement Strategies

 

Please contact us to find out more about how we can help you.

Neil R. Parkinson

Neil R. Parkinson

Partner, Audit, National Leader, Insurance Sector

416-777-3906

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Cost Optimization: Better data, efficient processes and lower costs

Cost Optimization: Better data, efficient processes and lower costs
In this issue of Frontiers, we return to the themes of cost optimization, transforming business and operating models and the challenge of liquidity.

KPMG's 23rd Annual Insurance Issues Conference

We are busy planning this year's conference. Please check back soon for details.

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