Ireland

Insurance 

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

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.

Publications

IFRS Newsletter: Insurance – March 2014 (PDF, 1.1MB)

 

IASB’s discussion on the mandatory effect date of IFRS 9
FASB only discussions on its insurance contracts project in February 2014

 

 

Solvency II from building ERM networks to empowering risk management (PDF, 185KB)

 

The opportunity Solvency II delays present to insurers.

Towards the final frontier: Perspectives on insurance accounting proposals (PDF, 2.2MB)

 

The progress towards implementing a more common framework for insurance reporting.

Insurance Contacts

liam lynch, partner

Liam Lynch

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Partner & Head of Insurance

liam.lynch@kpmg.ie

+353 1 410 1734

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hubert crehan, partner

Hubert Crehan

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Partner & Head of Financial Services Audit

hubert.crehan@kpmg.ie

+353 1 410 2629

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