Responding to new market dynamics

Your industry faces increasingly complex regulatory issues — issues that challenge the way you manage your risk, operations and financial reporting.

Insurance companies come to Ernst & Young because they value our approach to meeting their assurance, tax, transaction and advisory needs. We don’t just know the issues, we’ve analyzed what’s behind them to understand the impact they have on you — and the way you do business.

The Global Insurance Center makes this possible by bringing together people and ideas from across the world, to help your business address the issues of today — and tomorrow. We can help you manage risks and make the most of opportunities in emerging markets.

Our network of professionals provides broad experience to deliver seamless, consistent, high-quality services to insurers. So you can operate your business more effectively — and understand what’s ahead for your industry.

Request the summary of comment letters on IASB’s discussion paper

Prepared for some of the world’s most influential insurance industry associations and trade groups, our report summarizes the comment letters submitted to the IASB in response to its Discussion Paper, Preliminary Views on Insurance Contracts. Complete a brief request form for a summary view of the industry’s response.

2008 Asian Summit explores the evolving role of the Insurance CFO

Insurance leaders from across the globe converged in Singapore this spring to attend the second annual Asian Insurance CFO Summit. We capture what they had to say about enhancing the practice of financial management in Asia.

Financial services leaders grapple with IFRS challenges, benefits

Senior financial services leaders talked about the challenges and benefits of moving to a single, high-quality set of accounting standards at our International Financial Reporting Standards (IFRS) conference in New York city in May. We recap the insights and best practices shared during the conference.

IFRS for insurance: what and when?

Is adoption of IFRS advantageous? What should companies be focusing on? We offer our point-of-view on the proposals outlined in the IASB’s Discussion Paper (pdf, 617kb), Preliminary Views on Insurance Contracts.

US GAAP vs. IFRS: key differences for insurance contracts

IFRS Phase II proposals (pdf, 1.7mb), if adopted, could fundamentally change the finance and actuarial functions of many insurance companies around the globe. We help you understand how the proposed contract changes will impact your business.

Our perspective: Solvency II draft directive

Solvency II will alter the ways insurers are supervised and should ultimately lead to a more efficient global insurance market. However, inconsistencies in the latest draft directive may lead to conflicting interpretations and arbitrary treatment of insurers (pdf, 696kb). We explore the directive’s main components and offer our assessment.

Transforming Solvency II into a business enabler

Insurers that embed well-designed internal models into their risk management system can provide real-time, relevant information to drive business decisions and boost market leadership. Learn how to “raise the bar” and integrate Solvency II, using precedents set by Basel II and the Swiss Solvency Test (pdf, 944kb).

Solvency II: Lessons from the trenches

Insurers that participate in Solvency II’s Quantitative Impact Studies (QIS) not only influence the debate, they get a valuable opportunity to assess their own level of preparedness. In this report, we bring you up to speed on key lessons learned from QIS 1, 2 and 3, and highlight the issues being addressed in QIS 4 (pdf, 119kb).