Insurance 

Securing business advantage in the highly competitive insurance sector is a significant challenge to boards and their reports.

Insurance

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.

 

Actuarial

Our dedicated Actuarial practice combines technical knowledge and rigorous processes with wide-ranging commercial and market experience to provide progressive, high quality and flexible advice.  We provide services in a range of areas, including risk management, regulatory, tax, advisory and accounting lines. 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.

 

Click here to read more about our actuarial services.

 

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 in which KPMG member firms have been heavily involved to date.

 

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

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IFRS Newsletter: Insurance - Issue 43, September 2014

 

This publication highlights the IASB’s discussion in September 2014 on its insurance contracts project. 

 

Read past issues.

EIOPA Consultation Papers- Set 1 of Implementing Technical Standards

EIOPA Consultation Papers - Set 1 of Implementing
Technical Standards

 

On 1 April 2014 EIOPA released a public consultation on “Set 1” of the Implementing Technical Standards (‘ITS’) for Solvency II.

 

See also:

 

Accounting for financial instruments is changing

Accounting for financial instruments is changing

 

Now that the IASB has published a completed standard on financial instruments accounting – IFRS 9 Financial Instruments (2014) – the real work for insurance companies is just beginning.

Central Bank of Ireland: Insurance Update

Reserving Requirements for Non-Life Insurers and Non-Life and Life Reinsurers

 

We can guide you through the process of Central Bank of Ireland authorisation as a Life, Non-Life or Reinsurance Undertaking. Read our quick guide to this process. 

Insurers face shared risk of escalating natural disasters

 

In response to dramatic weather events that are confronting every continent, a wave of global, multilateral initiatives is aiming to improve the world’s disaster resilience. Now is the moment for insurers to collaborate with public, private and NGO partners, to face a mounting issue that is very relevant to all communities and to industry sustainability

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 awards

Insurance Risk Award

 

Insurance Risk magazine has awarded the 2014 Insurance Risk Award for “Best Consulting Firm” to the member firms of KPMG International.

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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