Advisory services that generate genuine added value for insurance companies

Advisory services that generate genuine added value for insurance companies
The insurance industry is the sector that is affected most by disruptive changes. Although rapid technological developments can endanger the business model of insurance companies, at the same time new technologies can offer insurance companies earnings potential. However, those that rely on trusted evolution instead of transformation will not be able to keep pace with the rapid frequency of technological change.

Together with you we consistently see this changed market environment as an opportunity. This does not mean that every trend has to be followed – only that the truly relevant subjects have to be identified. A neutral external appraisal and support in innovation management can help in this connection.

To enable you to enter new markets or use new technologies, we can provide feasible strategies tailored to your company that blend in with the workflows and the culture of your organisation. We will help you to put in place the structures that are missing.
At Grant Thornton Switzerland/Liechtenstein you benefit from advisory expertise based on years of practical experience: Our advisers have gathered valuable experience in the development, innovation management and strategic management of companies in the insurance industry over many years.

In our work and in all our solutions, your company, your visions and your customers are the focus of attention. Whether established insurance company or insurtech: We will help you to unleash your growth potential.

Our services in the area of Insurance Advisory:

  • Innovation consultancy
    Analysing new business fields, presenting new product and process solutions, providing location advice
  • Start-up consultancy
    Founding the legal entity, preparing the business plan and licence application, attending to the licensing procedure, developing products and corporate governance, selecting the right IT solution
  • M&A
    Due diligence, business valuation, migrations
  • Product development
    Profit tests, optimising the capital requirement, developing a pricing basis, market positioning, sales processes, mapping in IT
  • Actuarial topics
    Quantitative part of Solvency 2, function of the actuary responsible, function of the actuarial function
  • Risk management
    Developing a functioning risk management and assuming the risk management function
  • Implementing regulatory changes, such as the IDD
    Product approval process, avoiding conflicts of interest, controlling processes, product documentation
  • IT and digitalisation
    IT strategy as well as the automation and digitalisation of business processes
  • IFRS 17
    Project to prepare for implementation
  • Accounting handbook
    Accounting rules based on national regulations, Solvency 2 and IFRS
  • Taking-over of the internal audit
    Preparing an audit plan, conducting individual audits, taking over the internal audit function
  • Quick checks for Solvency 2
  • Training the Board of Directors in Solvency 2
Insights Start-up consultancy for insurers Read full Alert (in German)
Insights From the net policy to a net world Read full Alert (in German)