About Prima Consulting

Transform your business with Prima’s multidisciplinary team of Actuaries, Accountants and Technologists

We specialise in financial reporting, regulatory compliance, and digital transformation for insurers, banks, asset managers, fintech firms, and more.

Prima Consulting and Technology Solutions Limited combines local insights with global expertise to help insurance companies achieve regulatory excellence and business growth across Ireland and Europe.

About Prima Consulting

Prima stands as a trusted partner for actuarial and accounting services in Ireland.

Our professional services firm provides actuarial, accounting, and technology implementation services to insurance companies and asset managers throughout Ireland and the broader European market.

We help clients resolve complex financial reporting and regulatory challenges by addressing actuarial issues through an accounting lens. This approach aligns with technical calculations, financial reporting, and audit requirements.

Our team of experienced actuaries and financial professionals understands Irish insurers’ unique regulatory landscape and provides practical solutions that meet local and international standards.

Our comprehensive service portfolio includes IFRS 17 consulting in Ireland, Solvency II implementation, risk-based capital planning, and enterprise risk and compliance frameworks.

We work with insurers ranging from start-ups to large multinational companies, providing end-to-end actuarial and accounting solutions that support business objectives while meeting regulatory requirements.

Why Partner With Prima Consulting

Proven Regulatory Expertise and Compliance Experience

Our team has extensive experience in Ireland’s regulatory environment and a deep understanding of European insurance regulations. We’ve successfully guided numerous insurance companies through Solvency II and IFRS 17 transition consultants processes, working closely with the Central Bank of Ireland and other European regulators.

Our regulatory compliance consulting services include comprehensive support for regulatory changes, capital management solutions, and ongoing compliance monitoring. We understand the complexities of cross-border insurance advisory requirements and provide practical solutions that meet both Irish and European regulatory standards.

Advanced Technology Solutions and Digital Transformation

Prima Consulting offers cutting-edge technology solutions designed specifically for modern insurance operations. Our proprietary Delta software for IFRS 17 compliance provides seamless calculation, analysis, and disclosure generation capabilities. Additionally, our RUST IFRS 9 ECL engine and IAS19 actuarial valuation suite provide comprehensive financial reporting support.

These technology solutions support digital transformation for insurers by automating complex calculations, improving data analytics capabilities, and providing real-time business intelligence. Our technology approach reduces operational risk while improving efficiency and accuracy in financial reporting processes.

Local Market Knowledge with Global Reach

As Dublin financial consultants with deep Irish market knowledge, we understand the specific challenges facing local insurers while maintaining connections to global best practices. Our team combines local insights with international expertise, providing clients with practical solutions that work within Ireland’s business environment. We maintain strong relationships with external auditors, rating agencies, and regulatory bodies, facilitating smooth project execution and ongoing compliance management.

Our partner network includes specialists in corporate finance, investment management, and derivative instruments, allowing us to provide comprehensive support for complex transactions, including mergers and acquisitions.

Mission and Vision

Our Mission

To provide Irish insurance companies with expert actuarial, accounting, and technology solutions that simplify regulatory compliance while supporting business growth and profitability. We combine technical excellence with practical business insight to help our clients achieve their strategic objectives.

Our Vision

To be Ireland’s leading actuarial consulting firm Ireland, recognised for innovation, regulatory expertise, and commitment to client success. We aim to set the standard for actuarial and financial consulting services while supporting the growth and stability of Ireland’s insurance sector.

Meet Our Actuarial Consulting Team

Maaz Mushir - Co-Founder & Director

Maaz serves as Co-Founder and Director of Prima Consulting and Technology Solutions Limited, bringing over 20 years of specialised experience in financial reporting and capital management. His comprehensive background spans auditing, consulting, and industry roles, providing him with unique insight into the challenges facing modern insurers and asset managers.

Maaz has collaborated with a diverse portfolio of insurance companies throughout his career, from innovative start-ups to major FTSE100 insurers domestic carriers to complex cross-border operations, consolidators, and reinsurers. His experience includes working directly with chief risk officers and senior management teams to address strategic challenges and operational requirements.

His deep understanding of international financial reporting standards, regulatory frameworks, and practical implementation experience position him as a key resource for insurers seeking compliance and competitive advantage in the evolving regulatory landscape.

Colin Murphy - Co-Founder & Director

Colin Murphy is Co-Founder and Director of Prima Consulting and Technology Solutions Limited, contributing over 20 years of actuarial expertise gained through diverse industry and consulting roles across Ireland and the United Kingdom. His extensive experience encompasses all aspects of modern actuarial practice, specialising in regulatory transformation and ongoing business operations.

Colin’s project portfolio includes comprehensive Solvency II and IFRS 17 implementations across all three measurement models, detailed Solvency II reviews, ongoing BAU reporting systems, and sophisticated model and process development initiatives. His hands-on experience with complex regulatory requirements provides practical insight into modern insurance operations’ challenges.

Over the past five years, Colin has focused intensively on transitioning companies to IFRS 17 while simultaneously managing BAU reporting requirements for the past two years. This dual focus has given him a deep understanding of transformation challenges and ongoing operational requirements that insurers face in the current regulatory environment.

Colin’s particular strength lies in managing multiple stakeholder relationships, including Board-level communications and external auditor coordination. His practical problem-solving and stakeholder management approach make him an invaluable resource for insurance companies undertaking complex regulatory transitions or seeking to optimise existing operations.

Our Comprehensive Service Portfolio

IFRS 17 Implementation and Ongoing Support

Prima Consulting and Technology Solutions Limited provides complete IFRS 17 consulting Ireland services, from initial gap analysis through full implementation and ongoing support. Our Delta software solution streamlines the IFRS 17 process, providing automated calculations, comprehensive analysis capabilities, and standardised disclosure generation. We support all measurement approaches and provide ongoing training and support to internal teams.

Our IFRS 17 expertise includes transition planning, system implementation, process design, insurance accounting and audit readiness support. We work closely with external audit teams to maintain alignment throughout implementation and provide ongoing actuarial peer review and HoAF support in Ireland to maintain compliance standards.

Solvency II and Risk Management Solutions

Our Solvency II expertise covers all aspects of the regulatory framework, from initial implementation through ongoing compliance management. We provide comprehensive risk-based capital planning services, enterprise risk and compliance framework development, and ongoing regulatory reporting support.

Our risk management advisory services include capital management solutions, stress testing, and model validation. We work with insurers to develop robust risk management frameworks that meet regulatory requirements while supporting business objectives and strategic planning initiatives.

Digital Transformation and Technology Implementation

Prima Consulting specialises in digital transformation for insurers, providing technology solutions that improve operational efficiency while maintaining regulatory compliance. Our technology suite includes Delta for IFRS 17, RUST for IFRS 9 ECL calculations, and comprehensive IAS19 actuarial valuation capabilities.

We provide complete technology implementation services, including system integration, data migration, process automation, and staff training. Our approach focuses on creating sustainable technology solutions that support long-term business objectives while meeting immediate regulatory requirements.

Industry Recognition and Client Success

Prima Consulting and Technology Solutions Limited has successfully supported numerous insurance companies through complex regulatory transitions and business transformations. Our client portfolio includes domestic Irish insurers, international companies with Irish operations, and specialised insurance entities requiring expert actuarial and financial reporting support.

We maintain strong relationships with external auditors, regulatory bodies, and industry associations, providing our clients access to the latest regulatory developments and industry best practices. Our commitment to continuing education and professional development means our team stays current with evolving regulatory requirements and emerging industry trends.

Our success is measured by our clients’ achievements in meeting regulatory deadlines, maintaining compliance standards, and achieving business objectives. We take pride in providing solutions that meet immediate requirements and position our clients for long-term success in an evolving regulatory environment.

Prima stands ready to support your insurance company’s actuarial, accounting, and regulatory compliance needs. Our local expertise, advanced technology solutions, and proven track record make us the ideal partner for insurance companies seeking regulatory excellence and business growth. Contact us today to discuss how PPrima Consulting and Technology Solutions Limited can help transform your actuarial and financial reporting processes while supporting your strategic business objectives.

About Prima Consulting

Transform your business with Prima’s multidisciplinary team of Actuaries, Accountants and Technologists