Insurance

Supporting Insurers, Reinsurers, Underwriters, and More

The operating models and technology have transformed w.r.t how the insurance sector operates like never before. The traditional boundaries between life, health, and non-life insurance have expanded to include many business lines. Regulators such as Central Bank of UAE and Capital Market Authority Oman have been extremely efficient and strict in matters of governance and sustainability when it comes to the insurance sector, and our Insurance team is well aware of opportunities, risks, challenges and how to mitigate and resolve them in the best possible manner. We advise insurance sector market players in a collaborative model consisting of insurance practitioners, actuaries, IFRS 17 experts, professional accountants, internal audit and risk professionals, AML/CFT experts, and insurance technology providers. Our expertise covers the entire insurance industry supply chain. We’ve advised insurers, reinsurers, underwriters, actuaries, brokers, intermediaries, agents, insurance companies, and insurance community marketplaces to elevate their business to the next level.

Our Comprehensive Suite of Services for Insurance Sector

Our insurance sector related services include:

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National Prudential Regulations for Insurance Sector

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Solvency Framework Advisory

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Tax Advisory

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Risk Management and Internal Audits

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AML/CFT Advisory

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Client Onboarding

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Technological Transformation

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Restructuring & Outsourcing

You can count on us to steer you clear of the compliance and advisory challenges and pitfalls of the insurance sector with confidence and expertise.

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    Latest Publications

    tax-byte

    Tax Bites Edition 2 of 2024

    The Federal Tax Authority (FTA) has issued a guide in December 2023 explaining the impacts of Corporate Tax Registration requirements for a natural person.

    Assurance Bites Edition 01 of 2024

    The ISA for LCE is a standalone global auditing standard designed specifically for smaller and less complex businesses.
    accounting

    Accounting Bites Edition 1 of 2024

    Why was IFRS 18 “Presentation and Disclosure in Financial Statements” issued in the first place when we already had IAS 1 Presentation of Financial Statements?

    Achieving tax-residency of UAE with the help of Double Tax Treaties

    A tiebreaker clause is a provision in a DoubleTaxTreaty (DTT)