Market reporting, governance, regulation and compliance

The insurance industry continues to evolve in response to globalisation and technological development. Intensifying public scrutiny and regulatory attention have accompanied these trends. Accordingly, insurers are reacting to the increasing focus on corporate governance and corporate ethics. The move to IFRS in Europe, Australia and parts of Asia is one outcome of the mounting pressure for greater transparency in corporate reporting.

If this is your situation

  • You want to use the new wave of regulatory demands, such as Solvency II and IFRS, as a catalyst to overhaul risk and capital management
  • You want to develop systems that are flexible and durable in order to embed new and evolving financial reporting methodologies into business-as-usual activities

This is how PwC can help

Our services include:

  • Diagnostics and gap analyses
  • Assistance with reassessment and reconfiguration of workflows and processes
  • Quality assurance concerning regulatory issues such as solvency II
  • 'IBIS' (Impact, Business Implication and Solutions) toolkit which helps insurance companies embed and implement IFRS within their organisations and identify and understand any IFRS implications, in order to meet the future needs of their business
  • Independent advice and assurance on a range of local reporting bases including US GAAP and UK GAAP