Insurance

Welcome to KPMG Ireland's Insurance Practice, where we provide comprehensive audit, tax, consulting, and advisory services tailored to the unique needs of the insurance industry. Our team of experienced professionals is dedicated to helping insurance companies navigate the complexities of the market, regulatory requirements, and technological advancements.

We believe insurers need to focus on putting the customer at the heart of everything they do, from strategic decision-making to service and delivery. Insurers who look at building sustainable value for their customers will be rewarded by their investors.

We can help you meet your regulatory obligations in relation to:

• Corporate Governance and Fitness & Probity: We perform independent board performance evaluations required under the Corporate Governance Code for Insurance Undertakings; Fitness & Probity gap analysis; Minimum Competency Code and Pre-Approval Controlled Function (PCF) due diligence reviews; and can advise you on Individual Questionnaire submissions.
• Individual Accountability: Working together with KPMG’s Risk Consulting team, we can help you implement the changes required to comply with the enhanced Individual Accountability Framework.
• Outsourcing: We can review your outsourcing management and oversight framework and help you implement the changes needed to ensure compliance with the Cross-Industry Guidance on Outsourcing, taking into account best practice and regulatory expectations.
• Consumer Protection, Anti-Money Laundering, and Data Protection: Together with Risk Consulting SMEs, we can help you identify and address weaknesses in your Consumer Protection, AML/CFT, and Data Protection frameworks.
• Risk and Compliance: We carry out independent evaluations of the effectiveness and performance of Risk Management and Compliance functions/frameworks. We can help your Risk and Compliance functions reach the next maturity level and provide you with highly experienced resources to support your Risk and Compliance deliverables

• Industry Expertise: With years of experience in the insurance sector, our team understands the challenges and opportunities you face.
• Global Network: As part of the KPMG global network, we have access to a wealth of knowledge and resources from around the world.
• Innovative Solutions: We leverage advanced technologies and data analytics to deliver cutting-edge solutions that drive value for your business.
• Commitment to Excellence: Our commitment to quality and excellence ensures that we deliver the highest standards of service to our clients.

To learn more about how KPMG Ireland's Insurance Practice can support your business, please contact us.