The specialists at the Deloitte CIS insurance practice provide a variety of services in areas of audit, tax and legal, corporate finances, mergers and acquisitions, as well as, post-merger integrations to insurance and reinsurance clients, brokers, and corporate insurance departments of non-insurance companies.
We render assistance to insurance companies in the development and improvement of sales network performance, underwriting and pricing quality, loss settlement, actuarial, risk and capital management functions.
We offer the following services to our clients:
Services related to distribution channels
Access to the target market through the selection and assessment of distribution channels, customer segment research, benchmarking, distribution channel performance analysis, improvement and optimization of motivation and compensation programs for agents and sellers, optimization of distribution processes and sales automation using CRM solutions.
Loss settlement and underwriting services
Optimization of the loss settlement function, including strategy, organizational structure, processes and technologies; performance improvement and administrative cost reduction; identification of risk segments; amendment and adjustment of insurance rates; reserve requirements compliance; anti-fraud control; development and implementation of underwriting solutions.
Development and management of insurance reserves (assessment, control over volatility of reserve liabilities, adequacy of reserves), product pricing, financial reporting, retirement benefit management, risk and capital assessment and management (Solvency and Solvency II).
Insurance risk management
Identification, assessment and monitoring of risks related to insurance coverage limitations, insurance premium growth and risk retention increase, assessment of insurance coverage adequacy, insurance scheme analysis and risk amount analysis for non-insurance companies.