Insurance
Our expertise in the insurance sector
Our expertise in the insurance sector
Our expertise in the insurance sector
Sector challenges...
The Insurance sector finds itself before new challenges:
- New obligations concerning Solvency II, that suppose a new perspective in the management of the entities, their information system, financial report, and, specially, their governance system.
- Evolving accountancy references: new methodology of consolidated accounts, IAS, IFRS and US GAAP norms,
- Reinforced demands concerning financial communication with new indicators such as “embedded value” and “value at risk”, consolidated solvency margin,
- The need to increase the verification of financial risks particularly related to market fluctuation, but also to operational risks and counterpart risks, …
Our response...
Specific response confronting expectations:
- The carrying out or analysis of the diagnostic concerning the change in accountancy references: IFRS 4, IFRS 9, ...
- Diagnostic of the situation concerning Solvency II and the establishment of an appliance plan,
- The organising of sessions to follow the evolution of norms and incidences,
- Validation of selected technical options, advisory in the definition of a training plan, in technical documentation and organisation of working sessions,
- Advisory in the updating of an Accountancy principle manual.
- Support on the adjustment of the internal control system to the principles of Solvency II.
Our advantages...
Experience and advisory promoted by teams which combine sector competences and understanding of IAS/IFRS norms that benefit from our technical expert’s opinions.
Please, visit our Actuarial Services page.