Deloitte’s insurance group brings together specialists from actuarial, risk, operations, technology, tax and audit. These skill sets, combined with deep industry knowledge, allow us to provide a breadth of services to life, property and casualty, reinsurers and insurance broker clients.
Our perspective of the Swiss insurance market
Deloitte is following the relevant developments for the Swiss insurance market. Insurers should concentrate on the following areas below, in order to remain competitive in the future. In these areas, we offer specific services, in order to assist you with planning, conception and implementation.
The Swiss insurance market
Our approach to profitable growth is built upon our advisory work on transactions, our deep understanding of auditing insurers and reinsurers, our track record of unlocking business value from mergers and acquisitions, and upon our leading edge analytics capability.
Read more about Profitable Growth.
We have applied the diverse specialists in our business to achieve significant outcomes for our clients. For example, for a leading Fortune 500 insurer, we reduced operating costs by 25% and proved to the analyst community that these cost savings were sustainable within 18 months.
Read more about Operational Efficiency.
Changes to the regulatory environment, business reorganisations and major transactions have triggered a significant re-evaluation of finance capabilities in many organisations. This has led to major transformation programmes in finance which impact the whole organisation, not just finance and create new challenges for CFOs.
Read more about Finance Transformation.
Risk & Regulation
In addition to quantitative aspects of Solvency II and SST, insurers are beginning to deal with the qualitative and reporting requirements (e.g. IFRS 4 & 9). The challenges are compounded by additional Swiss, EU and US legislative and tax requirements: FATCA, CH:UK and CH:D tax agreements.
Learn more about Risk & Regulation.
Accounting Advisory Services
Deloitte offers a range of accounting advisory solutions. This includes supporting, advising or outsourcing all, or part, of your finance function as well as interim finance staff secondments. Operational and pragmatic, our experts are committed to being at your side to assist you with your challenges.
Learn more about Accounting Advisory Services.
The current business environment of low interest rates, volatile markets and the dynamic developments on the regulatory level pose challenges and a multitude of opportunities for insurance companies.
Learn more about Tax Insurance.
Business depends on technology as never before – to drive transformation, productivity and global operations. But technology is not a goal in itself, and initiatives need to be tightly linked to specific, measurable business goals risks. We understand the specific needs of your business, develop practical business solutions based on our deep insights and experience, and can bring change that produces results.
Learn more about Technology Advisory.
Insurance companies have been waiting over a decade for a single global accounting standard that fits their unique and complex industry. Deloitte understands the insurance industry and its need to gain improved economies of scale and minimize duplication through mandated regulatory change.
Learn more about Insurance IFRS.
Solvency II is the new solvency regime for all EU insurers and reinsurers, which also covers the insurance operation of bancassurers.
Read more about Solvency II.