Insurance consulting in the UK

Collaborative insurance consulting to help meet your objectives

The industry is facing an unprecedented period of change, and is harnessing innovation and technology to transform businesses, meet the needs of its customers and address the requirements of wider stakeholders.
 
Our UK insurance consulting team helps companies to survive, thrive and achieve success in this rapidly changing environment.
 
Our clients see us as a genuine, collaborative business partner. We have been trusted to add lasting value to a broad range of insurers, from large multinational corporations to innovative startups.  

Ways we can help

Data management
Insight and analytics
IFRS 17
Information security culture
Data management
Data management

Data management

Data has always been core to business decision-making. With changes in technology, regulation and consumer expectations, how insurance companies manage, govern and protect an increasing portfolio of data assets is becoming essential to safeguard their reputation, build resilience and unlock business value.
 
Data strategy, governance, management, protection, culture and ethics are becoming core considerations of insurance companies’ data ecosystems. We work with you to develop practical solutions that can be embedded to support your business strategies, goals and values.

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Insight and analytics
Insight and analytics

Insight and analytics

Many insurance companies have accumulated “hidden treasure” in the form of their data. Using this data to build a deep understanding of your business and environment can help you gain and retain a competitive advantage.  

Using data visualisation and artificial intelligence, including machine learning, we help you to unlock that value, enabling you to make better decisions more efficiently than ever before. By focusing on both the technology and end-to-end processes, we help you realise lasting business benefits, whilst effectively managing model risk.

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IFRS 17
IFRS 17

IFRS 17

Financial reporting changes can make it difficult for insurance firms to conceptualise and maintain a strategic focus, rather than quickly becoming bogged down in the technical detail.  

We work with you to help you to create strategic value from your IFRS 17 implementation activity, by:
  • Better showcasing financial strength
  • Understanding impacts on business strategy and products
  • Leveraging implementation to accelerate actuarial and finance transformation

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Information security culture
Information security culture

Information security culture

In today’s interconnected, technology-enabled business world, insurance companies need to balance using technology and data to drive their business with building resilience against information security threats.  

In the past, information security practice has concentrated on the use of technology and process. By broadening this focus to not only encompass this, but to emphasise the importance of cybersecurity culture and the crucial role that people, their values and behaviours have as a way of mitigating risk, we help you enhance capabilities and gain competitive advantage.

Featured insurance consulting solutions

Strategic enterprise risk management

As enterprise risk management has evolved, it has proved to be difficult for firms to create tangible value and avoid processes being seen as “tick box” exercises, remote from business decision-making. 

Crowe focuses on helping you to enhance the effectiveness and cost-efficiency of your enterprise risk management to truly enable and support strategic business decisions. This helps to ensure that it supports not just managing the downside but also optimising the upside, whilst meeting the broad range of stakeholder expectations.

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Strategic enterprise risk management
Governance and board effectiveness

Governance and board effectiveness

In today’s fast-moving markets, the effectiveness of boards, and the governance arrangements they design and oversee, is vital to maintaining trust with stakeholders, optimising performance and meeting regulators’ expectations.
 
At Crowe, we combine our deep experience and pragmatic mindset to provide boards and their senior management teams with high-value insights and recommendations to enhance governance and board effectiveness.

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Third-party risk

The extended enterprise, with significant use of third-party vendors and suppliers across the value chain, is normal in today’s business environment. However, many firms have to implement the necessary changes to obtain sufficient assurance about their third-party risks.

Crowe leverages significant practical experience to deliver smart, risk-based solutions to help improve insurance companies’ operational resilience and reputation management.

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Third party risk
GRC technology

GRC technology

Technology can help firms to improve the effectiveness and cost-efficiency of their governance, risk and compliance (GRC) programmes through a less siloed, more integrated approach.  
 
Crowe combines insurance industry-leading strategic risk management expertise with award-winning financial services experience in GRC technology. We help to simplify and demystify GRC implementations to help you support better business decisions and accelerate return on investment.

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Regulatory compliance

Insurers face a significant regulatory burden. We help firms to get behind the detail that drives the desired regulatory outcome. This enables us to support you in developing processes and governance that meet the needs of customers and help you deliver your strategic objectives; detailed compliance is then satisfied as an important byproduct.

Crowe is able to carry out Skilled Person reviews under Section 166 of the Financial Services and Markets Act 2000, in relation to governance and individual accountability, and controls and risk management frameworks.

Regulatory compliance

Work with our insurance consulting team

Our UK insurance consulting team is talented and dedicated, with practical, real world experience gained by working in insurance companies, as consultants and as regulators.

As a result, we have a deep understanding of insurance companies, their business environment and how they operate.  

Our focus on culture and change management and the application of strong programme management disciplines also allows us to understand your business and work alongside you to diagnose issues and to design effective and sustainable solutions. Working collaboratively, we help to implement and embed those solutions to support your business in achieving its strategic objectives.

Contact us

Please contact us to find out more about our consulting approach and how we work with our insurance clients to deliver pragmatic, progressive and empowering solutions to meet your challenges and objectives.
daniel bruce portrait
Daniel Bruce
Partner
Justin Elks
Justin Elks
Managing Director