Macroenvironment surrounding the insurance industry has been changing. Experiencing population decline, a slowdown in economic growth and increase in natural disaster, insurers need to transform their business to achieve and maintain sustainable growth. To address client business challenges, PwC Consulting LLC consolidates expertise of assurance, advisory, and tax professional services for offering total / one-stop services as well as leverages its global network.
PwC Consulting Insurance Practice has demonstrated a track record of assisting with clients addressing increasingly complicated, diversified business challenges including Customer Centricity, Service Offering Diversification and Overseas Business Expansion. We provide experienced consultants with extensive industry knowledge and Transformation Framework to drive a change initiative for assisting client’s success.
PwC Consulting LLC assisted with the legal entity structuring and local incorporation for the Japan business of a US-based life insurance provider and its acquired international life insurance company from the feasibility study phase to planning and implementation phases.
With a cross functional team of regulatory, tax and project management specialist from Assurance, Tax, and Advisory lines of service, PwC Consulting LLC was able to provide a structure to satisfy the requirements of the IRS closing agreement, while enabling maximum tax and treasury benefits without disrupting the business, and execute the project as scheduled.
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