The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

Global compliance reporting

Getting to data-driven, digital tax functions

It’s a challenging time for insurance tax leaders. The big question: how do insurance tax functions go from today's complex, inefficient and opaque operations to tomorrow's transparent, centralized and digital capabilities?

Today >
EY - Today
 
Tomorrow >
EY - Tomorrow
EY - Complexity
EY - Inefficiency
EY - Opacity
  • No consistent policy for sourcing tax compliance work
  • Limited visibility into global and regional filing positions, timeliness, accuracy and risks
  • Shadow tax teams performing compliance in individual countries
  • Too many local contracts – lack of regional and global buying power
  • Limited use of compliance data in tax planning
  • Inefficient and error-prone manual data gathering, reporting and analysis
  • Lack of insights into foreign language returns
EY - Transparent
EY - Centralized
EY - Digital
  • Tax compliance handled by tax experts in local markets
  • In-house finance team focused on high-value analytical and advisory tasks
  • Increased ROI from greater buying power and simplified procurement from rationalized sourcing and centralized services
  • Increased use of real-time and interactive dashboards to track compliance and summarize complex tax information
  • Increased use of compliance data in tax planning

See how Peter, global head of tax for ACME Insurance, works with EY to achieve next-generation tax capabilities

Peter's problem:
satisfy regulators, contribute to the business

Peter's solution:
centralization, automation and rationalization

How we can help

Nobody knows insurance tax reporting like EY’s global team. Insurance tax partners in both mature and developing regions and experienced tax technicians in hundreds of countries around the world help insurers worldwide balance global, enterprise-wide tax functions with the resources our clients need to execute in local markets. Our technology and approach are designed to automate and optimize the full range of tax reporting processes across these areas:
EY - Scale
  • Tax compliance
  • Corporate tax
  • Indirect tax
  • Payroll
  • Transfer pricing documentation
  • Accounting
  • Bookkeeping
  • Tax accounting (monthly, quarterly)
  • Statutory accounts (annually)
  • Corporate secretarial

Comprehensive vision

Our fully integrated process delivers value in these key areas:
EY - Savings

Savings

Consolidated sourcing and simpler procurement for increased purchasing power and reduced fees
EY - Productivity

Productivity

Integrated data and streamlined processes for increased efficiency and focus of internal resources on high-value tasks (like tax planning)
EY - Visibility

Visibility

More sophisticated dashboarding, compliance tracking and analytics for increased visibility and reduced risk
EY - Clarity

Clarity

Increased clarity and confidence in decision-making

Contact us

EY - Hugh von Bergen
Jeff Soar
Global Insurance Tax Leader
 
EY - Ed Raza
Ed Raza
Global Insurance Global Compliance Reporting Lead
EY - Stephen Bruce
Stephen Bruce
APAC Insurance Global Compliance Reporting Lead
EY - Michael Watkins
Michael Watkins
Americas Insurance Global Compliance Reporting Lead
EY - Mark Irving
Mark Irving
EMEA Insurance Global Compliance Reporting Lead