Operational excellence in insurance

Significantly higher market requirements, greater cost pressure and increasing regulatory complexity characterise the current market environment for German insurance companies. KPMG actively supports its clients in seizing the opportunities presented by this changing market. We work in partnership with our clients to design sustainable business models, from process optimisation to support for outsourcing measures. Operational excellence stands for forward-looking corporate strategies - which pay off even in a difficult market environment.

To counter the increasing cost pressure, KPMG is currently supporting its insurance clients in a series of finance transformation projects. In financial processes, which are becoming even more complex due to Solvency II and IFRS, KPMG is developing forward-looking processes using modern IT systems.

The German life insurance industry is under particular pressure due to the ongoing phase of low interest rates and often outdated system landscapes. In this difficult environment, the industry faces the challenge of modernising existing business systems and making them future-proof.

The introduction of a new core IT solution places the highest demands on the company. Standard software solutions have become increasingly established in the German life insurance market in recent years. KPMG certifies life insurance standard IT solutions and supports their successful introduction.