- Robotics and the Challenges faced by Internal Audit
- Martin Skipsey – Director and David Sooby – Senior Manager - EY
Insurers are just beginning to see the benefits of robotics in enabling them to deliver faster, consistently, and in a more cost efficient manner. This will impact on the control environment, both in terms of introducing new controls and removing redundant controls. Internal Audit needs to understand the impact on the business, and look to leverage the advantages of robotics in their own operations.
- Pillar 3 reporting
- Neil Coulson - Partner – PKF
The session outlinde the types of disclosures that are included within Solvency II pillar 3 reporting, including to the public. It also touched upon the reporting to date and what is required to be covered by external audit. Some of the challenges within the reporting were highlighted, including future reductions in timescales. This was then brought together to consider how internal audit can give senior management comfort that this reporting (which will be subject to little external audit) has been properly controlled and is accurate.
- Audit Committee metrics - Observations and Insights
- Jonathan Hayward – Director - Independent Audit
Audit Committees rely on the good work of the Internal Audit function to provide them with the level of assurance they need. Given the complexity of the function, and the various stakeholder relationships involved, how can the committee get useful oversight to understand whether Internal Audit is performing as effectively as it could be? Jonathan shared some of his views on where the priorities should lie, what are the key things we should be looking to measure and how can we go about actually measuring them.
- Data analytics feedback from GPDG
- Richard Willshire – Senior Auditor, JLT and Emma Howard Internal Audit Business Partner - BUPA
An update on the Group's project including the results of the survey, the success stories and challenges of using data analytics