We are dedicated to providing exceptional client service to insurers by delivering personalised solutions, proactive communication, industry expertise, and timely deliverables when they face the business challenges like regulation, IFRS 17, and technology developments, ensuring that our clients receive valuable insights, strategic guidance, and a trusted partnership that drives their success in the dynamic insurance industry.

The insurance industry is undergoing significant transformations, with new technologies, evolving customer expectations, and regulatory changes reshaping the landscape. We recognise the challenges and opportunities presented by these changes. As auditors, we are equipped with the relevant expertise to navigate this dynamic environment and provide exceptional client services.

We understand the importance of hands-on engagement and maintaining personal connections with our clients' management teams. When it comes to auditing services for insurance companies, we go beyond the traditional approach. Our dedicated team actively interacts with our clients, working closely with their management to ensure efficient, effective, and comprehensive assurance services. We believe that true value is delivered through open communication, collaboration, and a deep understanding of our clients' operations.

Insurers are currently facing challenges, including

• Implementing new financial reporting standards, such as IFRS 17
• Adapting to the complexities and requirements of IFRS 17, including the need to develop new systems, processes, and data management capabilities to comply with the standard.
• Ensuring accurate and timely financial reporting while navigating the complexities of multiple reporting frameworks and standards across different jurisdictions.
• Managing the impact of regulatory changes, such as the RBC implementation
• Enhancing risk management practices to address emerging risks, such as cybersecurity threats, climate change, and evolving customer expectations.

Our team of skilled professionals stays at the forefront of industry trends, embracing innovative approaches to auditing and leveraging cutting-edge technologies. We understand the complexities of the insurance sector and the need for robust risk management, compliance, and financial reporting. With our deep industry knowledge, attention to detail, and commitment to excellence, we partner with our clients to navigate these changes successfully.
 

We offer the following services to the insurance market:

Audit

We specialise in providing comprehensive audit services tailored specifically to the needs of small to medium-sized local insurers. With a deep understanding of the unique challenges faced by these insurers, we are well-equipped to deliver exceptional service and ensure compliance with regulatory requirements. Our experienced team has an in-depth knowledge of the ever-evolving regulatory landscape, enabling us to navigate complex compliance obligations seamlessly. We work closely with our clients to conduct comprehensive audits that not only meet regulatory standards but also provide valuable insights to enhance their operations and risk management strategies.

As a trusted partner, we strive to deliver exceptional service, tailored solutions and meet the clients’ regulatory obligations.

Actuarial

Our dedicated actuarial team brings extensive experience in providing comprehensive audit support and consulting services to the insurance industry. With a deep understanding of both long-term and general insurance, we are well-positioned to assist insurers in navigating the complexities of their financial and risk management needs. Our team of seasoned actuaries possesses a wealth of expertise in analysing data, assessing reserve adequacy, and evaluating pricing models. With our commitment to excellence, technical acumen, and industry knowledge, we help insurers optimise their operations, enhance profitability, and meet regulatory requirements.

Accounting advisory

We offer specialised accounting advisory services designed specifically for insurers. With a deep understanding of the unique accounting challenges faced by the insurance industry, our expert team is well-equipped to provide comprehensive guidance and support. We assist insurers in navigating complex accounting standards, including IFRS 17, ensuring compliance and accurate financial reporting. Our experienced professionals work closely with clients to address accounting issues, provide technical expertise, and develop customised solutions tailored to their specific needs. Whether it's evaluating insurance contracts, assessing fair value measurements, or implementing effective accounting policies, our accounting advisory services help insurers enhance transparency, streamline processes, and improve decision-making. We are committed to delivering practical insights, staying up-to-date with regulatory changes, and providing exceptional client service.