Insurance & Pension
The insurance and occupational pensions sector is affected by extensive changes in policy, regulatory, economic, social factors, technology, environment and climate issues. A long period of low interest rates, low growth and low returns affects both the insurance and occupational pension business as capital investment portfolio and the business model.
Increased regulatory requirements place great demands on the adaptation and integration into the daily operations, which drives cost. How can adaptation and regulatory compliance be implemented in the best way? How can effective and long-term sustainable operations be conducted simultaneously and reaching customer and business benefit?
In addition to reviewing and develop organisation, roles, processes, procedures, methods, techniques and system solutions insurance and pension companies requires to revise and clarify the link to the strategic planning, risk strategy, product design and capital management. By doing this companies can continue to stand strong in the competition and ensure that the customer and business benefits are achieved. While external and internal rules are complied.
In focus right now, among others, are new reporting (such as regular supervisory report to regulators [RSR] and report on solvency and financial position [SFCR]), new occupational pension regulation [IORP II], new standards for recognition and measurement of insurance contracts [IFRS 17], new demands on sales of insurance products [IDD] and data protection regulation, which replace the current data protection legislation.
Through independent advice, we help you with your governance, performance and control of your business. We do this for all kinds of small medium and large insurance and occupational pension companies, legal forms and other activities.
FCG has a wide expertise offering in the insurance and occupational, and delivers customised solutions tailored to the business needs where customer and business value are the focus.
- Consulting and Training
- GAP Analysis and Implementation
- Project Management
- Support and Outsourcing
- Analysis and Calculations
- Verification and Validation
- Permit Applications
- Audit and Second Opinion