Global - What we do - Industries - Financial Services - Insurance

Insurance 

Our multinational insurance teams are led by senior partners who have a wealth of global client experience and relationships with many of the major market players, regulators and leading industry bodies. This industry focus gives our professionals an in-depth understanding of key issues that insurance companies have to deal with in today’s business environment.

KPMG’s Global Insurance practice wins again

Reactions Magazine’s ‘Best Accounting Firm of the Year 2008’ award as voted by the Insurance Industry

For the second year running KPMG’s Global Insurance practice was awarded Best Accounting Firm of the Year at the Reactions’ Global Awards Dinner ceremony in New York on August 26, 2008.

Tax services for the Insurance industry

Our insurance tax professionals work together closely with their accounting, regulatory and risk management colleagues to help our member firms' clients deal with the specific challenges of the insurance sector.

Contact

Frank Ellenbürger

Frank Ellenbürger

Global Head of Insurance

+49 89 9282 1848

gofmdotcomfs@kpmg.com
KPMG understands that when it comes to tackling tough problems, our member firms’ clients look for a relationship based on trust and facilitated by regular and open communications. We are pleased that over 65 percent of the world’s 100 largest insurance companies have chosen KPMG member firms as their business and financial advisor.

We listen to our firms’ clients and focus on the issues that really matter.
  • Growth is a constant in the insurance industry. To become or remain a major player, insurers are expected to consistently deliver double-digit revenue growth. Mergers and acquisitions, geographic expansion, product development, cross-selling and client retention are all vital strategies. There is huge potential for expansion into emerging markets which are generally underinsured but increasingly affluent. In the mature markets, demographic changes are driving new product development.
  • Performance across a range of different financial indicators, and ultimately delivering strong and consistent earnings, is crucial. Cost management, operational excellence and the optimization of business operating models are all high up on the agenda. Many of the larger insurers are complex, diverse entities that have been very successful in mergers and acquisitions and in growing their product sets and geographic scope. There is huge potential in the industry for increased IT investment, improved operational efficiency and cost savings.
  • Governance is crucial in an industry that is fundamentally concerned with the management of risk and is closely watched by a range of global, national and state regulators. Insurance companies face challenges to improve the quality of their risk management, underwriting discipline and risk pricing. In many cases improvements are still required in the basic documentation and reporting of risk. This is a growing challenge as the evolving industry standards of IFRS Phase II and Solvency II place new demands on insurers for increased control and transparency.

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