Kpmg Insurance Practice Services Overview

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To help clients tackle their biggest issues, KPMG’s Insurance group has developed one-page overviews of how we can help our clients in practice.

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Kpmg Insurance Practice Services Overview

  1. 1. About the KPMG network SECTOR OVERVIEWAdapted to the insurance industryWith over 50 dedicated insurance professionals, KPMG members firms are one of the largest providers ofa full range of audit, tax and advisory services in Belgium. The insurance practice is led by Karel Tanghewho has 15 years of experience in the sector, and is embedded in a wider Financial Services team ofmore than 100 professionals – covering banking, insurance, asset management and actuarial services.Most of the leading Belgian insurance companies and pension funds are loyal KPMG customers.The global KPMG network has also aligned itself with the main global insurance centers with a strong Insurance Practicepresence in London, New York, Chicago, Bermuda, Munich, Cologne, Zurich, Hong Kong, Tokyo andSydney.Global knowledge, local deliveryKPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operatein over 140 countries and have more than 100,000 professionals working in member firms around theworld. The KPMG network in Belgium comprises more than 900 people, across 7 offices: Gent, Brussels,Antwerp, Hasselt, Aalst, Liège and Louvain-la-Neuve. kpmg.beContact us Our offices Brussels Bourgetlaan 40 - Avenue du Bourget 40 B-1130 BrusselsKarel Tanghe AntwerpHead of the Belgian KPMG Insurance Practice Prins Boudewijnlaan 24dAudit Partner B-2550 KontichT: +32 2 708 42 25E: ktanghe@kpmg.com Aalst Keizersplein 44 B-9300 Aalst Ghent Axxes Business Park Guldensporenpark 80 (H) B-9820 MerelbekePieter HerremansCoordinator of the Belgian KPMG Insurance HasseltPractice Ilgatlaan 7Advisory Director B-3500 HasseltT: +32 2 708 48 81E: pherremans@kpmg.com Liège Clos Chanmurly 13www.kpmg.be B-4000 Liège Louvain-la-Neuve Avenue Albert Einstein 2A B-1348 Louvain-la-NeuveThe information contained herein is of a general nature and is not intended to address the circumstances of any particular individualor entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information isaccurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such informationwithout appropriate professional advice after a thorough examination of the particular situation.© 2011 KPMG Support Services, a Belgian Economic Interest Grouping (“ESV/GIE”) and a member firm of the KPMG networkof independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rightsreserved. Printed in Belgium.
  2. 2. As the insurance industry looks at ways to achievesustained profitable growth, it faces a world of An overview of our clients Services that respond to your issuesimmense change and varied challenges. To helpyou fully address critical issues, your consultants AG Insurance Belgium Ergo Insurance By using industry knowledge and understanding to develop our service offering, we are able to provide tailored and focusedneed to be specialized in your industry. We offer strategies for responding to these and other issues. As you would expect and rightly demand of one of a top professionalmore than 50 dedicated insurance team members Ageas Euler Hermes Credit services organization, our service offering is continually evolving to match the changing requirements of the industry and its Insurance Belgium various stakeholders.in Belgium and more than 6,000 insurance Allianzprofessionals worldwide who are accessible to you ING Life/Non-Life Belgiumthrough KPMG’s network and mobility program. AXA Belgium HDI Gerling Assurances for CFOs and CROs for CEOs Citi LifeBecause your issues are rarely one dimensional, Mensura Capital management ConsolidationKPMG member firms’ professionals deliver the DKV Belgium determining improved capital structure, especially for location, source and finding the right strategy and model for distribution channels,right complement of specialists – in audit, actuarial, Mondial Assistance capital measurement mergers, acquisitions and divestmentstax, forensic, information technology, and more. Enhancing value Heightened regulatory pressures and overcoming market undervaluation of companies with multiple reporting compliance requirements bases, particularly in the Life sector in multiple jurisdictions, including Solvency II, EEV, MCEV,KPMG in the market Sector involvement Climate change and the rise of natural catastrophes and IFRS developments magnitude of loss exposures and greater difficulty in modeling risk exposure • Business strategy servicesBelgian audit market share We believe our sector involvement is key to providing our clients with services adapted to the most recent trends. • Merger acquisition services We therefore work closely with selected partners: • Finance transformation services • Transaction services (buy-side sell-side) 2% „„ Institute of Belgian Actuaries (IA/BE) • Cash management services • Valuation capital market IPO services „„ Belgian Association of Pension Funds ( BVPI/ABIP) • Economic capital management services • Marketing sales distribution services for CFOs 7% „„ DECAVI Insurance Academy • Financial restructuring services • Turnaround executive management 32% services „„ DECAVI Breakfast Sessions • Tax services 29% • IFRS conversion services • Operational financial restructuring services • Quality fast close services Sector insight • Accounting services 31% As part of its active involvement in the industry and the main issues it faces, the KPMG Insurance Practice • Credit risk management services for COOs publishes thought leadership, including: • Market risk management services Improving operational efficiency for CROsEuropean audit market share The New World for Insurance – Business • Operational risk management services from managing costs to increasing distribution- perspectives on Phase II channel efficiency • Insurance risk management services This publication focuses on the business • Actuarial services Complex product innovation issues for the insurance industry in increasing variety of complex products, e.g., • Financial statement support services variable annuities transitioning to Phase II based on views of leading, global insurance companies • Solvency II services with headquarters in eleven countries (and • Business process sourcing operations throughout the world). services • Business process improvement Evolving insurance regulation for CIOs services This report, developed by the Regulatory • Project project portfolio Information technology management services Centre of Excellence, takes a fresh look at legacy-system integration improvements to match the various regulatory reform initiatives in regulatory and technological developments • Change management services the insurance sector. • Business architecture target • IT strategy performance services operating model servicesBelgian audit market share is based on audit mandates held in 2010 of the top • IT sourcing services • Separation integration services20 insurers, ranked according to the number of premiums written in 2010. To download PDF copies of these publications, please visit:Source: CBFA. www.kpmg.be, click on the Articles Publications bannerEuropean audit market share is based on audit mandates held in 2009 of the top 20 in the right-most column and use the links on the left side • IT project advisory services for CHROsinsurers, ranked according to the number of premiums written in 2009. For Swiss Re • IT attestation servicesand Swiss Life AG, values are total earned premiums as total written premiums are of the window to select insurance specific publications Management qualitynot reported. (Financial Services Insurance). • IT security services securing, keeping and developing the right peopleKPMG also provides Tax and Advisory services to the For print copies, please send an email to Peter Herremans • IT data quality servicesleading insurance companies in the Belgian market. at pherremans@kpmg.com • People change services

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