Baker Tilly Kuwait is constant pioneering within the market

Baker Tilly Kuwait ended the calendar yr 2022 with a nice success of being admitted by Kuwait Insurance coverage Regulatory Unit as one of many massive 5 companies throughout the State of Kuwait. This admission is because of Baker Tilly’s proactive efforts in offering native insurance coverage firms with consciousness of the necessities for implementing IFRS 17 “Insurance coverage Contracts”.

On this context, Baker Tilly Kuwait shaped extremely certified specialist groups to deal with the challenges that IFRS 17 imposes, who work collectively in concord to allow the shoppers easily apply the IFRS 17 necessities.

These groups comprise IFRS specialists who help the shoppers with dealing with the accounting facets of the IFRS 17 together with replace of the chart of accounts and the accounting insurance policies and procedures. Baker Tilly additionally has actuaries who carry out all actuarial work associated to measurement and classification of insurance coverage contracts. As well as, IT professionals present help with deploying the actuarial-drive resolution used for managing and classifying the insurance coverage contracts.

In a linked effort, Baker Tilly Kuwait, in collaboration with Kuwait Insurance coverage Federation, held the IFRS 17 “Insurance coverage Contracts” Workshop on Wednesday, 7 December 2022 in 4 Seasons Lodge in Kuwait Metropolis. The occasion was attended by greater than 100 professionals together with CEOs, CFOs, actuaries and expertise specialists from the insurance coverage business in Kuwait to spotlight that the mixing ought to exist amongst these domains to implement the IFRS 17.

Furthermore, Baker Tilly Kuwait held two extra workshop for the Kuwait regulators who’ve supervision roles about IFRS 17 implementation, particularly Insurance coverage Regulatory Unit and Capital Markets Authority.

Secret past pioneering the market

Baker Tilly Kuwait has established agile organizational and job constructions specializing in competencies {of professional} human assets who’ve profound traits combining values, behaviors and expertise along with a bunch of ISO and different internationally acknowledged requirements.

On this context, Baker Tilly Kuwait is licensed in opposition to the next high quality techniques:

  • ISO 9001:2015 “High quality Administration System”.
  • ISO 14001:2015 “Environmental Administration System”.
  • ISO 45001:2018 “Occupational Well being and Security Administration System”.
  • ISO/IEC 27001:2013 “Info Safety Administration System (ISMS)”.

Moreover, the administration of Baker Tilly Kuwait makes fixed efforts to supply comfy working setting for its workers. On this regards, Baker Tilly Kuwait is proud to be the primary CPA agency in Kuwait to be Nice Place To Work Licensed. This displays the in-depth insights that the workers members are the agency’s useful asset.

Presently, Baker Tilly Kuwait is within the technique of enhancing these inner qualty administration techniques by securing certifications ISO 20001 – Info expertise — Service Administration, which identifies and manages key processes associated to the environment friendly supply of data expertise companies to satisfy the enterprise wants of shoppers.

Additionally, in course of ISO 22301 Safety and resilience — Enterprise continuity administration techniques, which specifies the construction and necessities for implementing and sustaining a enterprise continuity administration system (BCMS) that develops enterprise continuity applicable to the quantity and sort of impression that the group could or could not settle for following a disruption.

These certifications are anticipated to be awarded by June 2023.

In nutshell, Baker Tilly Kuwait is a CPA agency of alternative. 

About Baker Tilly Kuwait

Baker Tilly in Kuwait is an unbiased member of the Baker Tilly Worldwide community primarily based within the UK, ranked amongst the high 10 world accounting networks. The agency supplies auditing, assurance, and tax companies in addition to consulting & advisory companies in accounting, funding, administration, monetary, actuarial, and knowledge expertise to help a number of sectors similar to authorities, oil and gasoline, banks, listed firms, licensed firms, and different entities.

Media contact Particulars

Baker Tilly Kuwait

telephone quantity: +965 1887799

Metropolis: Kuwait Metropolis

nation: State of Kuwait

Contact Particular person: Hisham Sorour

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