Actuarial and Insurance Risk | KPMG | UK

Actuarial and Insurance Risk

Actuarial and Insurance Risk

Prepare for the future in a period of great uncertainty.

Prepare for the future in a period of great uncertainty.

More complex risk-based capital models, demanding regulatory reporting requirements and deadlines, coupled with a new accounting regime, have required insurers to improve their financial reporting processes and capabilities.

Against this backdrop, regulatory scrutiny has increased and uncertainty has re-appeared in the shape of Brexit. Insurers are looking closely at ways in which they can transform their business strategies and operating models to remain competitive but compliant in an uncertain regulatory, economic and strategic landscape.

Our Actuarial and Insurance Risk practice helps you prepare for the future. We help our clients measure and manage risks, transform financial reporting processes and manage regulatory relationships.

We can help you deal with a range of insurance issues, including:

  • Understanding the financial and operational impacts from changes to the insurance accounting standard (IFRS 17)
  • Capital management and optimisation in the new regulatory environment (Solvency II)
  • Improving the speed of financial reporting and analysis, including the use of new technologies
  • Need to embed risk management into business operations
  • Improve General Insurance pricing processes
  • Dealing with increasing demands from regulators
  • Managing for profit in a low interest rate environment
  • Support with acquisitions and divestitures.

For more information on how we can help you, contact our team today.

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