Our in-depth understanding of the ever changing insurance sector, allows us provide expert advice to both insurers and brokers.
Navigating the regulatory environment
Regulatory pressures are combining to create an increasingly challenging environment for the insurance sector. With continued change in the solvency and capital adequacy regimes, increasing M&A activity and a softening general insurance market, insurers across Ireland need to plan for these new regulatory and competitive challenges. The pressure from public opinion to impose more regulation in the industry such as Insolvency II, means that insurers need to decide how they can use the regulatory changes to drive business improvement and manage the risks this may bring to the business as a whole.
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Why Grant Thornton?
We have unparalleled experience and an understanding of the insurance market, from life to general insurance and reinsurance, to brokers and intermediaries. In addition to our core advisory services, we provide services specific to the insurance industry from business start-ups and strategy, through to problem solving and business process re-engineering. Find out more about our advisory services to Financial Services and our areas of expertise:
- growth and market strategies;
- operational improvement;
- claims reviews;
- business intelligence and analytics;
- regulatory implementation;
- enterprise data migrations and systems implementation; and
- management and transaction reporting.
To learn more about our Insurance services please contact Michael McAteer, Head of Insurance.