Internal audit co-sourcing

The internal audit function plays an important role in providing management and the Board with comfort that there is an adequate control environment in place and that the controls are being implemented as designed. Actuarial teams are of critical importance to insurers and fall within the ambit of Internal Audit. Internal Audit functions, however, struggle to attract and retain actuarial skills on a full-time basis.

Insight can support insurers’ Internal Audit functions by providing independent, actuarial expertise to allow Internal Audit to effectively assess actuarial and related areas in an insurer.

See our Health Solutions Services

Sophisticated projections models, advanced IBNR calculations, and standardised actuarial reporting equip medical schemes and health insurers to better manage their product lines, and design improved products.

We dig deeper into the data to understand the drivers of claims experience to suggest mitigations and improvements.