The impact of recent global trends on internal auditing in the insurance industry

The Covid-19 pandemic has been the most significant disruptive event for decades, impacting the political, social and economic environment of insurance companies for years to come. It has been a catalyst for several distinct pre-existing macro trends: use of technology, workforce and ESG (sustainability).

This research paper by the ECIIA addresses the following topics:

• Impact of macro trends: on insurance and Internal Audit, focusing on those directly resulting from the Covid-19 pandemic
• Reaffirming the Purpose of Internal Audit: Judgement at the Core of Audit Assurance;
• Impact of the New Ways of Working: Environment and risks;
• Remote Auditing: Opportunities, Audit needs and limits;
• Future of Audit Work in the light of process automation and remote working