Our insurance practice comprise multi-disciplinary teams, led by senior partners with extensive experience.

Our insurance practice is led by senior partners with extensive industry experience.

We believe insurers need to focus on putting the customer at the heart of everything they do, from strategic decision-making to service and delivery. Insurers who look at building sustainable value for their customers will be rewarded by their investors. The advent of a new regulatory regime on consumer protection will have a ‘big bang’ effect on the insurance industry. Key to accommodating the upcoming disruption is preparedness and advance planning. At KPMG, we believe that if properly managed, the insurance industry can be both profitable and responsible. Get in touch today and find out how our specialists can help your business succeed.

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.


Our services at a glance

  • External audit services 
  • Accounting advice across Irish GAAP, IFRS and other GAAP including US GAAP 
  • IFRS Phase II/IFRS 17 briefings
  • IFRS Phase II gap analysis
  • Actuarial services:
    • Statutory actuarial roles including Solvency II Head of Actuarial Function roles
    • Appointed actuary services for regulated entities in overseas jurisdictions (including Bermuda, Isle of Man, Singapore)
    • Actuarial model development 
  • Solvency II services: 
    • Technical advice in relation to Solvency II balance sheet preparation including technical provisions and capital requirements support in relation to ERM and ORSA requirements 
    • Technical assistance in relation to QRT and other public and private disclosure requirements 
    • Assurance services across all three pillars 
    • Advice in relation to internal model validation
  • Independent actuary/peer review services 
  • Due Diligence/Mergers & Acquisitions (M&A) support
  • Internal model validation
  • Skilled persons reports
  • Expert/independent witness work
  • Business planning support
  • Unit pricing support and review
  • Internal audit support 
  • Compliance/regulatory support 
  • Start-up support including assistance for new entrant?s application to the Central Bank of Ireland
  • Corporate Governance reviews 
  • Board evaluations
  • Outsourcing support across actuarial, risk and compliance functions
  • Risk Function and CRO support services: 
    • Review of risk operating models 
    • Review of risk frameworks including governance, risk appetite statements, risk registers and risk policies 
    • Review of risk operations including risk oversight, reporting, data, systems and models 
    • Review and development of capital management policies and plans 
    • Review of effectiveness of risk functions
  • Training (including training for the board of directors)
  • Assessment of process and controls including "Fast Close" advice
  • Corporate tax structuring and advice 
  • Transfer Pricing 
  • Insurance Premium Tax Reviews 
  • VAT structuring 
  • Tax compliance, including provisioning, Solvency II and tax returns.

Evolving insurance risk and regulation

Perspectives on key regulatory trends and developments impacting insurance

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Brexit & insurance

Brexit - the next steps?

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Contact us

Insurance Insights - October 2016

What are the challenges facing financial services?

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IFRS Newsletters

Our IFRS newsletters provide regular updates on IFRS matters.

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