Partnering with leading (re)insurers in Ireland for advisory, assurance and tax solutions.

Insurance

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Insurers and reinsurers now face more complexities than ever. Balancing profitability, managing evolving customer expectations and addressing risk require agile approaches. With rapid technological advancements, shifts in lifestyle dynamics, updates in regulations and the impact of climate change, insurers need to innovate in product and service delivery. Trust our team of seasoned professionals to guide you through these challenges and help you seize new opportunities.

Client priorities

Digital advancements are reshaping the insurance landscape in Ireland, presenting challenges for (re)insurers who must keep pace. The pressure to integrate emerging digital technologies and Responsible AI into product development, pricing and customer engagement strategies is paramount. Navigating these changes requires a keen sense of urgency and adaptability to avoid falling behind.

Today’s customers expect more than standard insurance — they seek personalised solutions that seamlessly fit their daily lives. The challenge for insurers lies in evolving from traditional, product-centric roles to offering comprehensive services, which also require robust digital and data capabilities. Those unable to anticipate these shifting preferences risk losing competitiveness.

New regulations aimed at consumer protection create complex challenges for (re)insurers. These changes affect daily operations, strategy development and compliance, demanding a thorough understanding of EU and Irish regulatory standards. Failure to adequately adapt could hinder growth and stability in an ever-changing environment.

Insurers face systemic challenges from climate change, impacting risk assessment and pricing. Amid evolving climate-related risks, the need to rebuild risk models, adjust assumptions and collaborate on mitigating impacts is pressing. Insurers must understand these challenges deeply, balancing business demands with their societal responsibility.

Our services 

Risk expertise

Our risk modelling services equip insurers with advanced actuarial insights and risk solutions, addressing evolving challenges. By optimising underwritten risk and capital, our expertise extends to climate risk modelling, enabling insurers to meet regulatory changes and enhance financial reporting. With cutting-edge analytics, informed decision-making drives sustainable growth in a dynamic market.

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Pension insights

Collaborating with insurance clients, our pensions team optimises schemes amid IORP II legislation and master trust adoption. Focusing on cost-effectiveness, compliance and employee satisfaction, we leverage market insights to help you navigate shifts and ensure exceptional employee experiences while addressing regulatory challenges.

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Tax strategies

Our tax services help clients navigate complexities with strategic advice on planning, compliance and reporting. We ensure tax efficiency and help you meet regulatory requirements, expanding into ESG (environmental, social and governance) frameworks and digital transformation support. Harnessing technology and expertise, we help insurers manage risks and optimise functions for sustainable growth.

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Audit and assurance

Our audit services help insurers handle regulatory complexities and build trust. Our audit services include compliance checks and financial reporting, identifying issues early to turn challenges into advantages. Our global network and expertise also provide insurers with the insights needed to strengthen strategies and operations.

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Regulatory support

We offer tailored regulatory services for governance and compliance challenges, focusing on capital and change management. Our industry experience helps insurers meet regulatory requirements, mitigate risks and boost operational efficiency in a fast-paced environment that encompasses the Consumer Protection Code (CPC), Digital Operational Resilience Act (DORA), artificial intelligence (AI) and more.

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Consulting solutions

Our consulting services address complex challenges and drive strategic growth. From business transformation and cybersecurity to data analytics, our solutions extend into technology modernisation and re-platforming, embracing innovative strategies worldwide. Partner with us to unlock efficiency in your operations and uniquely position your organisation within the market landscape.

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Managed services

Managed services extend beyond traditional tech. We explore potential opportunities in third-party risk management (TPRM), claims and compliance management to help insurers adopt new capability models and enhance service delivery efficiency.

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Deals opportunities

Our experts can help you tap into emerging market opportunities, including mandatory firm rotation, export services and deal archetypes that could create margin and revenue share opportunities. Together, we can help your organisation execute its growth strategies as the industry navigates continuous consolidation efforts and broadens its service reach.

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Darren O'Neill

Darren O'Neill

Partner, PwC Ireland (Republic of)

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