Insights and services for Insurance businesses

Insurance continues to be a dynamic and fast-growing business and one of the UK’s most important exports. Increasingly complex risks, new markets and changing customer behaviours are generating new ideas for new products and for insurance companies the challenge to become more innovative in order to remain competitive. In places, traditional approaches to risk management are insufficient and regulatory and legislative issues have made it even more essential to understand the changing climate.

We respond with our clients to these challenges. We are committed to providing the services the insurance industry needs, nationally and internationally, by teams that have a clear understanding of the unique complexities and commercial realities of the sector.

In the UK, our teams are organised by markets, to allow for deeper client relationships and sector expertise and offer their experience and insight in:

• Bancassurance
• General insurance
• Life and pensions
• London & Bermuda market
• Reinsurance

Ernst & Young Insurance sector:

• In the UK, currently provides services to all top 10 life and general insurers;
• Audits 4 of the top 10 insurance companies rated in Business Week’s Global 1200.

Working alongside our network of insurance practitioners is the Ernst & Young Global Insurance centre. The centre includes industry experts that are dedicated to proactively developing and delivering insight and solutions for our clients around the world, as well as engaging industry stakeholders in research and discussion forums.

Good UK Insurance Group Limited
This publication provides an illustrative set of consolidated financial statements of Good UK Insurance Group Limited, a fictitious group of insurance companies, prepared in accordance with Generally Accepted Accounting Practice in the United Kingdom (UK GAAP). Download the statements 2.4Mb, February 2008

FSA Insurance returns
A practical guide and commentary on the completion of returns to the FSA by insurers under the Accounts and Statements Rules and other information to be reported to the FSA by insurers under the FSA handbook of rules and guidance.

London & Bermuda – The COO Agenda
Ernst & Young's first annual survey of insurance market Chief Operating Officers provides the industry with primary insight into the significance of the operational changes currently affecting the London & Bermuda insurance markets and the increased importance of the COO's role within this. Click here to read more, or contact Andy Worth to discuss the report 1.2Mb, January 2008

London & Bermuda Insurance markets – Winter 2007
The Ernst & Young London & Bermuda Insurance Markets Team is delighted to present the Winter 2007 edition of the L&B Journal. Click here 2.3Mb, December 2007

FS Alert 2007
Insurance Tax Alert – Implications of PBR changes to Capital Gains Tax rates for life insurers
Click here to read more 194K, October 2007

London One Hundred Club
Ernst & Young sponsors the London One Hundred Club, an independent forum for the UK Insurance industry. Established in January 2007, the club is an exclusive forum for CEOs and selected C-level executives from London’s leading (re) insurers and intermediaries. Working with The Insurance Insider, founders of the club, Bank of America, Microsoft and Mayer Brown we support the members in the exchanging of ideas and the cultivation of debate.

The grateful, the grounded and the greedy
Ernst & Young's Point of View examines the issues and impact of the FSA's Review of Retail Distribution (RDR).  164K, July 2007