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Business advisory services for financial institutions

Deloitte financial servicesDeloitte’s Business advisory specialists focus on helping clients improving processes and making sure they stay in control of their business. Focusing on composing teams with the right industry and technical expertise we help our clients making tangible improvements. We help clients manage risk, optimize efficiency, and deliver concrete solutions to make sustainable business improvements.

The typical services we deliver include:

 

Actuarial & Insurance Solutions 

The insurance and pension industry is facing new regulatory regimes, such as Solvency II and new IFRS standards. In order to respond to these challenges, it must build and maintain new processes and models based on methods and techniques not yet widely known in the profession. Moreover, insurance products, capital management, performance measurement and risk modeling have been part of a rapidly developing landscape over the past few years. Deloitte’s Actuarial & Insurance Solutions (A&IS) service line has been at the forefront of these developments. Deloitte’s intellectual capital, consulting expertise, and modeling capabilities have helped to transform the way its clients report results and manage their businesses.

Deloitte Central Europe Actuarial & Insurance Solutions operates in 17 countries in the region. Permanent teams are based in Warsaw, Prague and Budapest. The teams consist of more than 60 specialists comprising actuaries as well as a range of other insurance professionals. All of our senior-level experts are experienced qualified actuaries. As the largest group of insurance actuaries among the “big four”, we are recognized as the leader in Actuarial Services throughout Central Europe. The Central European A&IS practice is continuing cooperation with actuarial practices in other European and global offices.

An Actuarial center of excellence has been created in Central Europe to further advance and strengthen our position in actuarial work in the region.

Services

Client’s products

Product development optimization,  Assisting with the design, pricing, and launching of new products, Product benchmarks, Product innovations, Calculations of pension and other benefits, Social security modeling and actuarial issues, Distribution and strategy, Pricing and price elasticity, Profit test

Accounting, Reporting & Operations 

Mergers and acquisitions, Reserving, Finance and business planning, Audit support, Finance transformation support, Data management and reporting excellence, IFRS, Appointed actuary,

Licensing

Capital & Risk management 

Solvency II, Traditional embedded value and market consistent embedded value, Actuarial control Process, Enterprise risk management, Capital management and modeling, ALM studies

Analytics & Modeling

Advanced quantitative solutions, Replicating portfolios, Actuarial modeling in SunGard iWorks Prophet

Trainings & Secondments

Actuarial training, Secondments

Software offering

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Capital market services 

We provide our clients with support in improving risk management related to organized trade on capital markets. With specialization in all areas of financial risk and making use of the specialized expertise of their members, our global teams include former risk managers, traders, investment managers, regulators, middle-office specialists, operations managers, as well as IT applications specialists offering assistance in the following areas:

  • Risk measurement and analysis systems
  • Basel III regulatory requirements services
  • Solvency II regulatory requirements services
  • MiFID regulatory requirements services
  • Credit risk management
  • Operating risk management
  • Financial risk management
  • Financial instrument accounting and implementation of support tools
  • Risk management strategies, policies and organization
  • Risk management methods, tools and processes implementation


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Corporate risk management 

Deloitte professionals provide a broad array of services that allow clients around the globe to better measure, manage, and control risks and to enhance reliability of systems and processes throughout the enterprise. These services are the following:

  • Risk Intelligent Enterprise™
  • Operational risk management
  • Project risk management
  • Enterprise risk management tools


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Environmental services: 

  • Environmental assessment, review, performance evaluation and audit
  • Environmental Impact Assessment (EIA) and Integrated Pollution and Prevention Control (IPPC) procedures
  • Corporate environmental / sustainibility reports
  • Environmental manual
  • Environmental information system
  • Comprehensive risk assessment
  • Environmental product fee advisory
  • Reducing greenhouse gas emission, emission trade*
  • Verification of annual company reports on greenhouse gas emission
  • Preparing environmental and infrastructural development projects eligible for EU and national funding, compilation or quality check of technical, public works, or business documentation


*For those of our clients whose reports are not verified by Deloitte.

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Finance transformation 

Our team introduces value-based management and methods which serve the improvement of companies’ performance and the fostering of financial management. Value-based management has become the pre-requisite for proactive strategies and exceptional management practices in a number of industries.

In providing our services we design and introduce:

  • Value-based management
  • Balanced scorecard
  • Performance management and budget preparation
  • Activity-based cost settlement and management
  • Profit maximization and cost reduction


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Forensic services 

If our client is the owner of a Central European company or the head of a government agency with significant influence and resources it is important to prevent corruption and fraud from endangering operations. Our expertise covers the following areas:

  • Fraud prevention
  • Fraud detection with D&Tect fraud detection and investigation tool
  • Fraud investigation
  • Litigation and dispute support
  • Assets tracing and recovery
  • Expert witness
  • Anti-money laundering
  • Business intelligence services


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Human resources 

We provide complex consulting services in the following areas:

  • Development of HRM strategies supporting the implementation of business strategies
  • Reorganization of the HR function
  • Post merger integration
  • Fostering change
  • IT support in human resource management
  • Knowledge management


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Internal audit 

Our internal audit professionals take a risk-based approach to internal audit in order to help clients improve performance and operating efficiency. We work closely and collaboratively with our clients, providing the full range of services:

  • Strategic risk assessment
  • Development of internal audit related documentation
  • Establishing a risk based internal audit plan
  • Industry benchmark review
  • The fine-tuning or total reconstruction of your internal audit function
  • Training your colleagues to the new methodology
  • A wide range of outsourcing possibilities
  • Quality assurance of internal audit
  • Fraud and ethics survey
  • Ethical whistle blowing services


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Process improvement and assurance 

As part of our process improvement and assurance services we provide assistance in the identification, development, and testing of internal control policies and procedures adopted in business processes and information technology environments. In process optimization, we help you shorten your monthly closing, reduce inventory losses, manage FX risk through treasury management or shift to foreign currency accounting.

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Security & Privacy 

Our experts support clients in various service areas from the assessment of security risks through the management of security incidents to the implementation of data privacy solutions.

We are highly experienced in key areas such as:

  • IT security strategy and planning
  • Identification and handling of physical and logical security risk
  • Security intrusion tests
  • Application, IT infrastructure and load testing
  • Compliance preparations (e.g., for ISO27001 audit, PSZÁF reviews)
  • Introduction of data leakage tests and preventive measures
  • Security incident response and computer forensic investigations


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Technology integration 

These services help clients gain a competitive edge in the design, building, implementation and integration of IT systems by using best practices. We possess a wealth of experience in the improvement and integration of companies’ strategic business and IT relations, process planning and operations.

As part of our project management services, we offer a wide range of services from periodical quality checks through providing support to project managers to comprehensive support provided to the project management, which involves the planning and development of an extensive project management infrastructure (PMO - “Project Management Office”).

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