Securing business advantage in the highly competitive insurance sector is a significant challenge to boards and their reports. At the heart of our insurance offering are our people — audit professional, tax consultants, actuaries and advisory consultants who think both practically and strategically 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. We are also involved in both professional and industry bodies and take an active role in pursuing regulatory, accounting and tax issues affecting the industry.
Our multinational team of professionals can provide a 360 service to all life, non life and reinsurance companies.
Solvency II is intended to create a framework within which European insurance and reinsurance regulation operates. Its introduction is a highly complex and challenging process and one which KPMG member firms have been heavily involved to date in assisting our clients.
The delays to Solvency II present insurers with an opportunity to step back and think about how they can fully embed risk management within the business.