Where the numbers get difficult
- IFRS 17 measurement models (GMM, PAA, VFA), contractual service margin and transition
- Reinsurance contracts held and their separate presentation
- NBFIRA solvency, capital adequacy and statutory returns
- Claims reserving, IBNR and actuarial liaison
- Premium income recognition, broker commissions and policyholder tax
- Investment accounting under IFRS 9 for the asset side of the balance sheet
What we do for insurance clients
- IFRS 17 implementation support, accounting policy papers and disclosure templates
- Annual financial statements for insurers, brokers and medical aid funds
- Internal audit of claims, underwriting and reinsurance processes
- Fraud investigations into claims and broker misconduct
- Tax computations, VAT on insurance services and withholding tax on reinsurance premiums
- Annual report publishing with IFRS 17 analysis for stakeholders
How we work
Every engagement starts with a written scope and fee. Work is led by a Chartered Accountant or Certified Internal Auditor who has worked in your sector, and reports are written for the people who have to act on them: owners, boards, lenders, regulators or auditors.