Insurers are striving to sustain profitability in the face of capital constraints, volatile asset values, the softening of non-life premium rates and the slowdown in the economy. The move to EU Solvency II also presents the greatest shake-up in reporting and regulation in this generation.
This difficult business climate is likely to accelerate consolidation as well as developments in distribution and customer relationship management as insurers look to respond to multi-channel services.
Our team of professionals, with local and international experience, are able to provide you with the following services:
We have extensive experience in actuarial, risk and capital management disciplines to assist compliance with actuarial challenges.
Our local team has life and non-life consulting experience, both in the Greek and international markets, which includes actuarial reviews, product pricing and actuarial transaction work.
We have extensive experience in actuarial, risk, and capital management disciplines to assist you with your Solvency II challenges.
Our deep understanding of the Solvency II regulatory framework means that we are able to help insurance companies address complex business issues and comply with the new regulatory regime across all three pillars efficiently.
We have considerable experience in advising and assisting our clients with corporate restructuring and the discontinuance of unprofitable or unattractive insurance business. In dealing with run off business we provide specialised solutions which unlock value in discontinued long term insurance portfolios.
In markets where forces are pushing towards consolidation, we develop innovative strategies which support consolidation of organisational structures and/or prepare a planned exit.
We have unrivalled experience and expertise with the development and implementation of XBRL reporting technologies. We can assist you to develop and integrate XBRL reporting capabilities within your company to comply with Solvency II regulatory requirements.
We can provide you with end-to-end XBRL reporting services which include:
We can assist you to achieve increased performance by improving the efficiency and effectiveness of key business processes through:
We assist our clients to comply with the Bank of Greece Governor’s Act and help them maximise opportunities from regulatory developments.
Our services include:
We can help you deal with the challenges that relate to the protection of the vast array of personally identifiable information, health and card payment information that you have been entrusted with by customers, through the following services:
We can help you build highly efficient and effective collections programmes.
Our services include: