Insurance

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Analytical. Strategic. Insightful.

To thrive in a complex world, insurance companies need partners with global expertise. By combining our deep industry expertise and strategic insights with our robust solutions and comprehensive risk management, we enable you to navigate complexities and seize emerging opportunities.

To maintain a competitive edge in a rapidly evolving market, our insurance sector clients must handle:

continuous regulatory changes,
increased demand for transparency,
evolving business models driven by digitalisation, and
rising customer expectations.

By partnering with us and our international network, you’ll benefit from leading global solutions that address these challenges, enhance customer experience and advance product development—all of which enables you to stay ahead and seize opportunities for growth in a constantly changing market.

Lead the way in sustainable insurance

With a growing emphasis on ESG criteria worldwide, insurers are prioritising sustainability. Our expert consulting enables you achieve your ESG objectives.

Stay compliant, stay ahead

Insurers face evolving regulations. Our experts provide guidance and risk management strategies to ensure compliance, mitigate risks, and adapt to regulatory changes.

Empower your operations with innovative technology

Keeping up with rapid tech advancements can be challenging. Our solutions help integrate advanced technologies, enhance efficiency, and elevate customer experiences.

Meet compliance demands and drive growth

Our commitment to delivering customised solutions and excellent results drives our success and yours.

Grant Thornton addresses the insurance industry’s primary challenge of regulatory compliance with expert risk management, strategic insights and innovative solutions. Our experienced teams work to ensure insurers stay competitive and compliant in a dynamic market.

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Nuala Crimmins

Partner – Insurance Lead

Contact Nuala Crimmins Learn more about Nuala Crimmins

Our insurance services

01 Cybersecurity and data protection

Manage cyber risks and compliance

We support you in managing cyber risks through improved security processes, awareness programmes and technology deployment. Our services include cyber risk management, privacy impact assessments, incident response and outsourced data protection officer or chief information security officer roles.

We support regulated entities in preparing for the Network and Information Security 2 Directive (NIS2), offering awareness training, compliance gap analysis and compliance roadmap implementation. We also assess your cybersecurity maturity, conduct penetration testing and focus on third-party risk management and regulatory compliance.

02 IT risk advisory and assurance

Gain comprehensive IT risk management for enhanced security compliance

Our IT Risk Advisory team supports organisations in managing their IT risks through process design, operational resilience, IT governance and third-party risk frameworks.

Our services include Digital Operational Resilience Act (DORA) implementation support and assurance reviews, IT controls testing, Sarbanes-Oxley compliance and the development of risk mitigation plans. We help firms safeguard data, ensure service continuity and meet regulatory expectations with tailored IT risk solutions.

03 Sustainability advisory

Meet CSRD demands and stay ahead of the competition

Without a strong sustainability agenda and ESG benchmarks, insurance companies fall behind their competitors. Our experts assess your company’s practices and develop an action plan that ensures you comply with urgent Corporate Sustainability Reporting Directive (CSRD) requirements.

We also offer guidance on your sustainability strategy, change and transformation, direction on sustainability-related risk solutions and advice on sustainable finance and investment. To further support this work, we supply measurement and analytics, disclosure and reporting advice, and sustainability education and workshops.

04 Actuarial advisory

Enable insurance compliance and transformation

Our actuarial team supports insurance clients across internal and external audit, regulatory reporting, risk and capital management and actuarial transformation. Services include reserve calculations, IFRS 17 implementation, Solvency II support and data analytics.

We also offer guidance on corporate development and process automation and provide experienced outsourcing solutions for actuarial function tasks and Head of Actuarial Function responsibilities.

05 Oversight functions support

Maintain operational excellence in a constantly industry

To mitigate a dynamic risk environment and stay competitive, your organisation needs strong internal controls. We partner with you to strengthen governance, enhance transparency and address challenges arising from rapid innovation and regulatory scrutiny.

We specialise in delivering risk-based internal audits, programme assurance, special investigations, third-party audits and vendor compliance programmes, Sarbanes-Oxley Act (SOX) design and assurance programmes, and external quality assessments. We also provide comprehensive anti-money laundering, financial crime and conduct services.

06 Tax advisory, compliance and reporting

Optimise your tax strategies for compliance and growth

Our financial services tax team offers tailored advice for optimal structure setup, due diligence, and compliance across tax types, including corporation tax, VAT and insurance premium tax.

Building on the knowledge Grant Thornton has gained serving diverse insurance clients globally, we provide objective, expert insights aligned with evolving tax standards and industry needs. Our services include Solvency II support, IFRS compliance, tax risk management, and regulatory guidance.

07 Digital transformation and data analytics

Harness tailored solutions for growth and competition

Grant Thornton’s digital transformation practice helps organisations assess their digital maturity and provides tailored strategies for growth. We provide innovative approaches to test and optimise solutions, a skilled data team to accelerate growth, and digital assurance to manage risks and ensure effective execution of technology projects.

We unlock value in your data with tailored analytics solutions. We build automated, user-friendly systems for data flow and error detection, design insight-generating dashboards and develop bespoke machine learning models for decision-making. Our strategic guidance and robust governance frameworks help align your analytics initiatives with business goals, ensuring data-driven success.

08 Statutory audit

Benefit from a holistic approach to audit and assurance

In this ever-changing and complex sector, the need to engage the support of subject matter experts (SMEs) has never been greater, whether they’re offering advice for technical opinions, actuarial review or risk and governance compliance.

Our innovative, technology-driven market approach is a significant advance on traditional audit models, and means we provide our clients with cost-effective bespoke solutions.