Welcome to our latest edition of Insurer Update. This publication aims to help carriers across the insurance market understand and digest some of the more pertinent financial reporting and tax developments, and highlights the implications for medium sized and smaller insurers.
We hope you enjoy the latest issue. Our dedicated Carrier Audit team of seven partners has a great depth of experience in the insurance sector. If you would like to discuss any of the topics included or would like to talk more generally, please do not hesitate to contact a member of the team
In this edition:
The Civil Liability Act: one-off reporting requirements for certain motor insurers
FRED 82: is the shakeup bigger than expected?
Post-Brexit Solvency II reforms: what is changing?
Embedding Consumer Duty – how is your firm doing?
Insurance sector risks & priorities for 2023: mid-year update
The comment period for Financial Reporting Exposure Draft (FRED) 82 ended in April. Partner Satya Beekarry takes a look at its significance and likely impact for insurance carriers. Should you begin planning now?