From brokers and captives, to life and general insurers and those within the reinsurance and pension funds market, our team has the knowledge and expertise required to provide effective, value-added solutions for your business.
We understand that the insurance industry is a unique segment of the financial markets. As such, it demands significant and specific knowledge and experience.
"Mazars brings its insurance expertise in a pragmatic way to ensure a high quality audit of AXA Group. They have demonstrated their capacity to efficiently coordinate their network to adapt to AXA’s evolution in the organization of the finance functions with more and more transnational transversal processes." Head of PBRC at AXA
A deep understanding of Insurance
We know that the insurance industry is facing an uncertain, unstable and highly complex economic and financial environment compounded by major regulatory changes and that you are facing multifaceted challenges:
Compliance with constantly evolving regulation and accounting standards,
Financing your operations and growth,
Evaluating risk and adapting your strategy to market changes,
Providing consistent and transparent information,
Improving your financial performance,
Strengthening your internal controls,
Optimising your organisation and processes.
We can help you face these issues. We are experts in insurance and are able to tailor our approach and services to the particular requirements of the insurance industry. We have one of the largest dedicated insurance teams of any professional service provider. Our market knowledge and technical expertise in a wide range of services allow us deliver client service excellence in a seamless way.
A single integrated platform
What sets Mazars apart is the people in our insurance practice, working on a single integrated service platform, which brings together our professional experts in audit, tax and insurance advisory services.
It allows us to answer our clients’ questions in a timely and definitive manner, and to execute and deliver our services both efficiently and effectively. All appropriate procedures are implemented in order to ensure the supply of high-quality services.
We bring our extensive experience and expertise to our clients in a personalized, hands-on fashion along with great attention to detail in a cost-efficient pricing model.
Our international insurance team is made up of over 700 professionals worldwide, including 60 actuaries dedicated to the insurance industry.
“Mazars' strength lies in the uniqueness of its business model. You will experience the reliability of a global player together with the technical expertise and the service level of an individual business partner.” Jean-Claude Pauly, Partner, Global head of Insurance at Mazars
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Jean-claude Pauly Partner, Global Head of Insurance - Paris, France
Reinsurance, also known as the “ insurers’ insurance ”, plays a key role in the global market economy today. Several factors, such as the strengthening of capital requirements, the increasing level of significant NAT CAT events or the need for optimal coverage is increasing the need for reinsurance.
The new standard IFRS 9 on financial instruments has been effective starting 1st January 2018 for most entities but insurance groups have the possibility to defer its application to 2021, the year when the new standard IFRS 17 on insurance contracts will enter into force.