Measuring and managing risk, understanding the impact of new regulations and optimizing business performance.
Understanding the impact of new regulations and optimizing business performance.
Significant commercial and regulatory pressures in the global insurance sector are requiring firms to enhance their finance, actuarial and risk and capital management practices. This is forcing insurers to look closely at ways in which they can transform their business and operating models to remain competitive. Areas of focus include improving the efficiency and quality of actuarial reporting, capital optimization, and enhancing risk management. At the same time insurers need to meet the increasing demands of local regulators and in some cases, to prepare for global capital standards.
KPMG and its network of firms has Actuarial and Insurance Risk expertise in over 50 countries, with teams ready to help firms measure and manage risk, understand the impact of new regulations and optimize business performance.
KPMG professionals can help you deal with a range of insurance issues, including:
According to data released by the China Insurance Regulatory Commission (CIRC), the China insurance industry continued strong growth in the third quarter of 2016.