The insurance sector is facing an uncertain, unstable and highly complex economic compounded by major regulatory changes and strong competition
Likewise the emergence of customers new needs and new technologies are challenges for the insurance players.
We assist Insurance companies from the definition of their corporate strategy to the operational implementation of target solutions, covering the entire value chain.
Our Insurance market knowledge and technical expertise in a wide range of services allow us deliver client service excellence in a seamless way: from Risk Management to business development & multi-channel distribution, but also operational performance and IT related projects.
Risk Management’ challenges
Accompany Consulting supports majors market players on regulatory evolution (ex. Tunisian directive, CGA 01/2016) to reinforce good Governance, through levers such as Risk Management
Risk Governance’ Diagnosis (underwriting, market, reinsurance, operational, liquidity, etc.)
Reform the Risk Governance (risk charter, action plan, etc.)
Control risks by nature (from mapping to monitoring)
Strengthening Compliance functionOur Consulting Services
Clients Case Studies
Objective
Operational Risks’ Mapping of all the company processes and definition of an action plan on major Risks
Phases of work
Phases of work1. Elaboration of the Operational Risks’ Mapping covering all core business (life & non-life) and support processes
2. Defintion of target action plan split in 3 axes : process, organization and information systems
Achievement
AchievementOperational Risks’ Mapping and target action plan validated by the TOP management
Objective
Assistance across the transformation of an insurance company and the reform of its insurance information system.
Phases of work
1. Project Steering & Management (PMO)
2. Management of the “Non-Life” project (Motor,P & C, Transport, Technical Risks, underwriting, management, claims, reporting, network, third parties, accounting…)
3. Assistance within data Migration and Reliability project
4. Steering project and assistance within tests on Pass_Insurance (functional, migration, integration, UAT)
5. Training & Change Management
Achievement
The information system covering all Motor’business processes was implemented strating from in June 2015
Objective
As part of its commitment to separate its life and non-life activities (to anticipate regulatory requirements), an Insurance company has previously wished to prepare a study on spin-off’ scenarios and their impacts.
Phases of work
1. Desk review on the regulatory environment
2. The determination of subsidiarising scenarios and related impacts
3. Recommendations rearding the optimum mounting
Achievement
Scenarios approved by the Insurance company and initiation of the separation project (life and non-life activities)
Objective
Diagnosis of existing documentation and assistance in the preparation of the Group’s consolidated financial statements
Phases of work
1. Review of the scope of consolidation
2. Review of major consolidation difficulties
3. Revision of accounts justification, analysis contirbution statements regarding companies within the consolidation scope (equity and consolidated results)
4. Elaboration of the consolidated financial statements
5. Presentation of consolidated financial statements to the Board of Directors
Achievement
Consolidated financial statements validated by the Board of Directors
Leadership
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