Insurance

 

Against a backdrop of continued change in the solvency and capital adequacy regimes, increasing pan-European M&A activity, a softening general insurance market, and the continued growth of the closed life sector in the UK, market and regulatory pressures are combining to create an increasingly challenging environment for the insurance sector. 

We have unparalleled experience and understanding of the insurance market, from life to general insurance and reinsurance, the Lloyd's market and run-off, to brokers and intermediaries.  In addition to our core services, we provide services specific to the insurance industry from business start-ups and strategy, through to problem solving and business process re-engineering. Our insurance specific expertise includes:

  • Providing regulatory support and advice on issues such as financial promotions and Treating Customer Fairly
  • Actuarial support, including the identification of price construction models and other financial modelling
  • Helping firms to assess their risk and capital management requirements, including responding to Solvency II
  • Outsourced reserving and reserve reviews/statements of actuarial opinion
  • Audit of insurance brokers and other insurance businesses
  • Part VII transfers
  • Section 166 reviews and reports
  • Schemes of arrangement
  • Financial, commercial and operational due diligence
  • Vendor due diligence
  • M&A advice
  • Expert witness determinations
  • Reversionary trusts and legacy business reviews
  • Exit solutions
  • Insurance Premium tax advice
  • Developing business plans
  • Reinsurance purchase audits
  • Underwriting effectiveness consultancy

Our key services are listed below:

  • Audit and assurance
  • Business Risk Management
  • Consulting and actuarial
  • Litigation support
  • Offshore and international services
  • Regulatory and compliance
  • Risk and capital management
  • Tax
  • Transactions and restructuring