Finance, risk and actuarial change

In Insurance

We help insurers meet new regulatory and compliance accounting standards while managing costs, operational efficiencies, and the integration and implementation of systems and data across the finance, risk and actuarial functions.

What EY can do for you

Our dedicated team of finance, risk and actuarial professionals has technical know-how and understands the insurance industry. Working with you, we provide the insights, tools and platforms you need to transform legacy systems, deploy new technology to streamline operations, and connect finance, risk and actuarial functions.

We have successfully developed solutions that manage the change driven by:

  • Intensifying prudential regulatory regimes
  • Accounting change and the need for finance transformation
  • The need to strengthen and embed risk-management capabilities
  • Rising standards of business conduct or customer interaction, and the compliance agenda
  • Commercial pressures arising from a difficult macroeconomic environment, combined with enhanced regulatory requirements

Our latest thinking

IFRS 17 implications for European insurers

Learn more about the Insurance Accounting Standard, IFRS 17 Insurance Contracts issued by the IASB last year.

26 Feb 2021 EY Global

How IFRS 17 affects insurers

The IASB has amended guidance on the treatment of experience adjustments and the grouping of insurance contracts affected by regulatory pricing.

26 Feb 2021 EY Global

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