PwC Guyana

As climate disruption intensifies, how will it affect our economies and our lives? New PwC research shows how heat stress and drought threaten the production of critical minerals, food crops, and industrial metals. Which resources does your company rely on? Explore key insights and see your climate risks with our interactive tool: https://pwc.to/3xPNrRv

Natural catastrophes globally resulted in $380 billion in total losses and $118 billion in insured losses in 2023. The fundamental purpose of is to provide protection and transfer risk. But this is proving increasingly difficult in a time of more widespread, acute and severe weather events. Solutions to mitigate are going to be expensive and no single group — insurers included — has the wherewithal to address it alone.

But insurers can signal the direction of travel. They have more experience analyzing and pricing climate risk than anyone. By actively sharing their insights and working with key stakeholders, they can contribute to a comprehensive climate risk mitigation roadmap and the actions that make it real. Insurers can lead the way, help identify needed interventions and prevent any one group — including carriers and their customers — from bearing the full brunt of the cost to build a more climate resilient society.

More in PwC's report 👇

https://www.pwc.com/us/en/industries/financial-services/library/climate-risk-and-insurance.html?utm_leadsource=dynamicsignal&userid=6458&userchannelid=181840&channeltype=LinkedIn&postid=21e5eac0-3f8b-4a31-8201-a61ab6c1603a&j=525074&sfmc_sub=3924977&l=16_HTML&u=9710139&mid=510000034&jb=1

Climate risk and insurance: the case for resilience Climate change threatens insurers’ ability to protect society. Assessing risks and solutions with key stakeholders can help carriers build climate resilience.

Having enhanced internal controls is a good place to start when thinking about reducing your exposure to risk. A timely review of your processes and controls can help ensure that their design continues to address your needs and risks, and also ensures their efficiency and effectiveness. Speak to Andre Knight about changing the way you see risk and take a look back at PwC’s Global Risk Survey 2023 for global insights https://pwc.to/US-QR-lt5v4kz1

Jason Lee, Director, PwC Jamaica, can help you discover how you can maximise the impact of your internal audit function by leveraging the Internal Audit (IA) framework, in order to strengthen your organisation’s internal control environment. Read more on how PwC is implementing the IIA’s new Global Internal Audit Standards. https://pwc.to/US-QR-lu70queh

Wishing you all a joyous celebration, filled with love, peace and togetherness.

What is a living wage, why it matters and how to achieve it? Our latest guide demystifies the living wage journey by sharing some practical pointers relevant throughout the stages of implementations, explores real-world examples of what good looks like, highlighting lessons learnt and benefits realised. Read more: https://pwc.to/US-QR-ltzs91rf

The journey to digital can be long and complex, but also filled with opportunity. Nestle Anne Maullon can help you take your next step, whether you’re just starting out or well on your way already. For more information, you can visit https://pwc.to/US-QR-lt5uw9f9

Our experienced team at PwC offers strategic guidance and practical solutions to navigate ESG related risks effectively. Connect with Carolyn Bell-Wisdom, Partner, PwC Jamaica, to help unlock the competitive advantages of integrating ESG considerations into your risk management framework and read more corporate governance and ESG insights in our latest Caribbean Corporate Governance Pulse Survey 2024 https://pwc.to/3w9pC6r

“24% of companies surveyed have established technology and data procedures for risk management, but they are not fully optimised”. Anthony Zamore can help change the way you see risk for your business. Connect with him on LinkedIn today and find more insights in PwC’s Global Risk Survey 2023 https://pwc.to/US-QR-lt5v4kz1

As a board member, risk is your responsibility, so how do you ensure you empower your management to embrace, embed and report ERM effectively? Contact Bruce Scott, Regional Risk Assurance Leader, on LinkedIn, for more information on how PwC can help you strengthen your business against uncertainties. Find this and other board level business insights here: https://pwc.to/3wq3Nzs

As we mark International Women’s Day, PwC is sharing the voices of almost 23,000 women from around the world through our research-based insights into inclusion – and exploring what more can be done to propel women’s empowerment and advancement in the workplace.

Read more insights and gender-focused perspectives on how inclusion is a key enabler in empowering women’s advancement, development, and future-readiness in the workplace: pwc.com/women

Nearly half of respondents in the see as the most critical technology to their company's strategy today. That grows to 52% in three years as the transformational impact of AI gathers pace.

Our Caribbean Digital Readiness Survey 2024 reveals there’s a growing sense of urgency within boards, the C-suite and business teams as they try to keep pace with rapid advances in tech and shifting customer expectations.

Read more and download your copy here: https://pwc.to/48uoasO

Talk to Zia Paton about and

Caribbean Digital Readiness Survey 2024 In this report, we look at how far Caribbean businesses have come and how to move further and faster in driving transformation and becoming a digital leader.

Three signs that M&A activity will pick up in 2024 are the improving financial markets, pent-up demand and supply, and pressure on companies to transform business and operating models. Read more: https://pwc.to/41YPvBA

Global M&A industry trends: 2024 outlook The M&A starting bell has rung. Are you ready? Successful dealmakers should look forward, not back, as we enter a new phase of dealmaking in 2024.

Board assessments miss the opportunity to improve performance, as more than 40% of organisations in our survey don’t conduct regular assessments and those conducted are done internally rather than by independent evaluators. In doing this reviewers may lack the knowledge of best practice, they may also be reluctant to criticise their individual or collective board performance. https://pwc.to/US-QR-ls0qzell

Overall, the and sector remains resilient in a challenging environment, with considerable deal activity relative to slowdowns in other sectors.
Areas expected to be hot spots for , and M&A activity in 2024 include:
Reinsurance sector:
~ Insurance consolidation
~ Portfolio optimisation
~ Competition as new market players disrupt existing value chains.
~ Partnerships: Insurance companies are collaborating with to leverage digitalisation efforts in areas such as machine learning and
sector:
~ Strategic partnerships
~ Portfolio optimisation
~ Diversification:
~ Search for scale and leverage
sector
~ Dealmaking activity in the banking sector declined in 2023 due to uncertainties connected with bank collapses, interest rate developments and potential risks in loan books.

Global M&A trends in financial services: 2024 outlook Financial services M&A will continue to be challenging in 2024, but the need for financial institutions to transform should give dealmakers greater optimism.

The accelerating decline of natural ecosystems, and insufficient societal response, makes nature loss an increasingly urgent challenge. Paying attention to this potential blind spot may lead to opportunities for businesses to address climate and nature priorities simultaneously. Learn more about sustainable approaches to reinvention and growth in our 27th Annual Global CEO Survey. https://pwc.to/3NyVuqR

New year, new updates on US international and global . Join our panel of PwC international tax specialists as they share their insights on recent and upcoming guidance on international tax issues facing multinational corporations.
The panel will discuss guidance around the initiative, the foreign tax credit (FTC), the corporate alternative minimum tax (CAMT), and previously taxed earnings and profits (PTEP). This webcast is -eligible.​

Tax webcasts registrations and replays Register today to hear the latest insights from the world of tax.

The Institute of Internal Auditors (IIA) revised its Global Internal Standards™ (“the Standards”) in 2023 to support the continued evolution of the profession and help organisations address today’s complex landscape.

This represents a significant opportunity for to incorporate the latest developments in good practice and drive transformation to increase the value they can provide to their stakeholders.

All organisations will need to consider their response and implement changes for the new Standards in 2024, ready to conform in 2025. Talk to Chris Mills.

PwC - Implementing the IIA’s new Global Internal Audit Standards Use the IIA’s new Global Internal Audit Standards™ to drive transformation and value from your Internal Audit function

PwC Guyana is pleased to share with you our commentary on the Guyana FY 2024 National Budget presented by the Honourable Dr. Ashni Singh, Senior Minister, Office of the President, with Responsibility for Finance, on 15 January 2024.

Our 2024 Budget commentary highlights our views on the fiscal measures presented.To read more, please click here: https://www.pwc.com/gy/en/publications/guyana-national-budget-2024.html
If you would like to discuss the impact of the budget pronouncements on your business please contact any member of our Tax and Legal team.

Guyana 2024 National Budget Commentary We are pleased to provide our summary of the proposed fiscal measures announced during the budget presentation.

PwC’s Global Risk Survey 2023 reveals how leading organisations are changing the way they see risk and embracing the transformative power of technology and data in pursuit of the opportunity to protect and create value. Talk through the findings with Kofi Boxill here https://bit.ly/2PWS6vx and find out how your organisation can close the gap.

Catch the replay: 2023 PwC Insurance Summit leaders session.

The global economy faces unprecedented pressures, from turbulence to rising and pockets of economic volatility. In this session we examine how the insurance sector is faring amid on-going global uncertainty.

Speakers:

- Orla Gregory, President, Enstar Group

- Kevin O’Donnell, President and Chief Executive Officer, RenaissanceRe Holdings

Moderator: Ian Smith, Insurance Correspondent, Financial Times

The Global Trilemma - How CEOs Are Navigating Geopolitics, Rising Rates and Economic Uncertainty The global economy faces unprecedented pressures, from geopolitical turbulence to rising interest rates and pockets of economic volatility. We examine how th...

Does your organisation know how to thrive in the energy transition? PwC shares how organisations can create value and build competitive advantage by taking charge of their energy management.

Energy demand: Turning a cost into an opportunity | PwC Energy system advances can help companies create value and become more sustainable and resilient—by taking charge of their energy demand.

Join our webcast on 29 November, “Workforce Fairness and Sustainability” to hear more about the workforce sustainability landscape, relevance of the EU Corporate Sustainability Reporting Directive, the latest market trends on pay equity and diversity reporting, and a look at the findings from our Global Living Wage Survey. Register here: https://webcastportal.pwc.com/open/436063f9-6de7-436d-a441-42977d25562a

Workforce Fairness and Sustainability: Key and Emerging Themes - 1641922

Solving these twin crises is going to take deep collaboration across all sectors and geographies. We’re committed to playing our part, and COP28 is our moment to broker radical collaboration to remove barriers and scale solutions.



https://www.pwc.com/gx/en/issues/climate/cop28.html?WT.mc_id=GMO-ESG-NA-FY24-NZT-COP28-T9-CI-XLOS-WBP-GMOS0009-EN-OSLI-T1

Now live: PwC’s Global Investor Survey 2023: a crucial read for business leaders navigating the complex interplay among sustainability, technology and long-term value creation. Discover how investor priorities are shifting and how your company can continue transforming to keep pace. Access the insights here.

PwC's Global Investor Survey 2023 Investors want to know how companies are managing climate change and emerging technologies like AI, but lack confidence in the information they receive.