EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
In many companies, finance, risk and actuarial capabilities have developed in silos, with new processes and technology gradually added to meet evolving requirements for financial reporting and regulatory compliance. We help our clients in the vision, design and implementation of target operating models to integrate and align towards their key organizational needs.
Our team of 3,000+ finance professionals, actuaries, data and technology experts and project and change managers understand the dependencies and the end-state destination that can be tailored to work for each of your unique circumstances.
We live and breathe finance and actuarial transformation and can bring that benefit to you through:
50+ tools and accelerators developed: Our program accelerators, research and development / thought leadership, network of industry relationships and business insights gained from our peer company experience is unmatched.
Extensive finance and actuarial transformation experience: With over 15 years focusing on finance transformation and target operating model design, we are actively embracing new technology and our methodology using our integrated- multi disciplinary approach.
A recognized leader: With 18+ clients out of the top 20 insurers, EY’s actuarial practice is #1 among the Big Four with over 1,700 actuaries and over 15 transformation projects in the last 2 years.
Access to our extended team – we have over 200 professionals in the US focused on your issues and challenges with a priority of bringing the best advice and experience to you.
FRAC Solutions:
Governance & controls
Actuarial modeling & implementation
Finance and accounting transformation
Program execution and change management
Technology architecture and design
LDTI transformation
More than just an accounting change, US GAAP Long-Duration Targeted Improvements (LDTI) will force insurers to make changes across departments such as actuarial, finance, IT and more.
Specifically selected collection of work products, frameworks and numerous tools designed to drive efficiency and productivity, improve quality and reduce project risk. By accessing our latest EY insights, solutions and client conversation tools, we can have more meaningful conversations with our clients to help shape their thinking.
Financial impact assessment Tools
Operational impact assessment
Training materials & publications
Data Flow Diagrams
Requirements traceability matrix (RTM)
MRB scoping tool to organize key questions required for determining whether policy features (guarantees) are including in the scope of market risk benefits in ASU 2018-12
Defined FP&A benchmarks & tools
Proven approach based on our FP&A implementation methodology; allowing for an accelerated implementation by providing a flexible and consistent approach to FP&A transitions with tools, templates and examples
Finance, accounting and actuarial transformation
Supports implementation for LDTI with time tested methodology as building blocks and lessons learned from previous implementations
Reference architecture and capabilities matrix that aligns with trends and innovations being adopted with the industry
Allow our clients to accelerate the development of their vision and TOM
Reference architecture and capabilities matrix that aligns with trends and innovations being adopted with the industry
Allow our clients to accelerate the development of their vision and TOM
Library of US GAAP accounting policy and position papers
The Finance 4.0 Accelerator is designed as a relationship development tool for use by cross service line account teams to position a discussion on the future of their finance organization
Insurance Process Framework (InFORM)
Defines a holistic set of business processes
Implementation roadmap and initiative identification templates accelerate the outline of the duration for each of the initiatives identified and dependencies
Actuarial data management and governance tools are quickly evolving, creating strategic opportunities for those who embrace new technology. Learn more.
EY's insurance consulting services offer a wide range of solutions to help insurers respond to disruption, manage regulatory change, and achieve growth through technology integration. Learn more.