United Kingdom
Insurance
We understand the issues you face
The insurance sector has largely ridden the financial storm better than the banks. But the market remains slow, asset values volatile and increased competition has resulted in downward pressure on pricing. Many issuers still have work to do, to de-risk balance sheets, and to re-build capital and profitability to deliver adequate return. Future strategies are now more focused on customers, not products; while issues surrounding Solvency II and IFRS 4 continue to be prominent. Set alongside this there are major concerns of over-intensive regulation and its cost and impact.
At BDO our insurance specialists have extensive experience of the sector, the challenges our clients face, and the importance of managing financial, operational and regulatory risk. We can guide our clients through key issues covering:
- Life and pensions
- General insurance
- Reinsurance
- Lloyds market
- Brokers and intermediaries
We provide a full range of audit, tax and advisory services across the market, with clients ranging from the largest global insurers to domestic players, niche providers and distributers.