Insurance

PwC's insurance industry services practice is a leading provider of professional services to life and property and casualty insurers, reinsurers, and insurance brokers.

In Canada, our team consists of 165 partners and professionals who serve as auditors and business advisors to the majority of insurance companies in Canada. We create value for our clients by providing them with actuarial, audit, advisory and tax services, as well as regulatory and risk assessment and IT systems analysis.

Whether you are a life or property and casualty insurer, our professionals can offer you sound business and financial services. We are ready to help you tackle some of the most challenging insurance industry issues from strategy to execution.

Allan Buitendag
Insurance Leader

How we can help

The insurance industry is undergoing fundamental transformation as it comes up against the impact of new regulation, new technology, accelerating shifts in consumer demand and mounting competition from InsurTech players. In the face of so many disruptive challenges, it’s important not to lose sight of the huge opportunities they’re creating for insurers.

We can help navigate this increasingly complex and uncertain business and geopolitical landscape. To make the most of these opportunities, we can help organizations look beyond the traditional boundaries of the insurance business to embrace new ways of working, new ways of interacting with customers, and whole new possibilities in what their business can deliver.

Behavioural economics IFRS17

Actuarial services Cybersecurity and Privacy

Insurance speak

A blog dedicated to inspiring, innovating, and informing on the Canadian insurance industry.

IFRS 17: Much more than an accounting issue

PwC is a worldwide leader in insurance finance and actuarial conversions. Our IFRS 17 team brings you leading thinking from its global experience and uses it in a way that’s relevant to you. Our accelerator tools for impact assessments, financial modelling, target operating model design, budgeting and project management will help you hit the ground running. We’ll work as an integrated team with you to ensure alignment and knowledge transfer for you to take control and be ready by January 1, 2021.

IASB Meeting Notes - Archive

Our Insurance alert IASB Meeting Notes provide a summary of the viewpoints discussed at IASB meetings. If you’d like past summaries, visit our archive page.

Insurance Speak Blog - The IFRS Chronicles

The new international financial reporting standard (IFRS) for insurance contracts, commonly referred to as IFRS 17, is now expected to be released in May 2017, with likely an effective date of 2021.

Insurance contracts: What audit committees need to know about the new insurance standard

After many years of deliberations and consultation, the new accounting standard for insurance contracts (IFRS 4 Phase II) appears to be approaching the final stages. The IASB is working towards issuing the final standard in 2016.

The wait is nearly over? IFRS 17 is coming, are you prepared for it?

IFRS 17 (previously IFRS 4 Phase II) is expected to be issued in early 2017 with an effective date of 2021.

OSFI’s Life Insurance Capital Adequacy Test (LICAT)

LICAT will replace the current minimum continuing capital and surplus requirements (MCCSR) effective January 1, 2018

Opportunities await: How InsurTech is reshaping insurance

In our latest report, we take a deeper look at how the insurance industry is reacting to this movement and our recommendations on how to get ahead.

Insurance: Local Contacts

Local contacts for Insurance.

Contact a member of our team to discuss how we can help your business

Contact us

Allan Buitendag
Partner, Financial Services Consulting Leader & National Insurance Leader, PwC Canada
Tel: +1 416 815 5239
Email

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Insurance

How we can help

Insurance speak

A blog dedicated to inspiring, innovating, and informing on the Canadian insurance industry.

Related Content

IFRS 17: Much more than an accounting issue

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IASB Meeting Notes - Archive

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Insurance Speak Blog - The IFRS Chronicles

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Insurance contracts: What audit committees need to know about the new insurance standard

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The wait is nearly over? IFRS 17 is coming, are you prepared for it?

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OSFI’s Life Insurance Capital Adequacy Test (LICAT)

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Opportunities await: How InsurTech is reshaping insurance

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Insurance: Local Contacts

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