Insurance | KPMG | UK

Insurance

Insurance

An insurer fit for the future will harness diverging customer needs and technological progress to transform its people, business model and services.

An insurer will harness diverging customer needs and technological progress

The growing cyber threat for insurers

With cyber-attacks on the rise, are insurance companies equipped to protect their clients?

 
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It has been a challenging few years for insurers, but we believe the industry is at a turning point. Insurers have adapted well in a rapidly changing landscape and can now set their sights on growth.

Intense regulatory scrutiny and control will promote transparency and financial strength across the industry. At the same time, developments in technology and data analytics are creating great opportunities for insurers to provide their customers with the right service and products at the right time.

A focus on the customer remains a priority and products must reflect their changing needs and demands. A new generation is entering the marketplace with different perspectives, while existing customers can take advantage of more flexible options.

An increase in mergers and acquisitions means insurers will evolve. This activity will bring additional challenges, as legacy systems are brought together, updated and integrated to ensure the highest quality of service.

With a depth and breadth of industry experience, built upon expertise in audit, tax and advisory work throughout the insurance sector, we can help chart a route to continuing success.

Update for EEA firms passporting into the UK

Once the UK leaves the EEA, insurers may need to find other ways to secure market access.

 
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Contacts

Senior Managers and Certification Regime extension

We set out how firms should respond to Senior Managers and Certification Regime extension.

 
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Actuarial and Insurance Risk

Prepare for the future in a changing regulatory landscape.

 
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Solvency II

What more needs to be done to embed the processes and systems that have been developed?

 
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New insurance contracts standard – Introducing IFRS 17

Insight and analysis on the impact of IFRS 17 Insurance Contracts

 
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Evolving insurance risk and regulation

Perspectives on key regulatory trends and developments impacting insurance

 
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