- Home
- Figures
- Foreword
- Executive Board
- Share
-
Management report
- Foundations of the Group
- Report on economic position
-
Group non-financial information statement
- Introduction
- Description of the business model
- Group and sustainability strategy
- Responsible enterprise management
- Compliance
- Stakeholder dialogue
- Sustainable insurance solutions
- ESG criteria in asset management
- Customer orientation and satisfaction
- Executive development / Employee advancement
- Employee retention
- Diversity
-
Opportunity and risk report
-
Risk report
- Strategy implementation
- Major external factors
- Risk capital
- Risk management
- Risk management system
- Internal control system
- Risk landscape of Hannover Re
- Internal risk assessment
- Underwriting risks in property and casualty reinsurance
- Underwriting risks in life and health reinsurance
- Market risks
- Counterparty default risks
- Operational risks
- Other risks
- Opportunity report
-
Risk report
- Enterprise management
- Outlook
- Accounts
- Supervisory Board
- Sites
8.9 Fee paid to the auditor
The appointed auditor of the consolidated financial statement of Hannover Re as defined by § 318 German Commercial Code (HGB) is KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG AG). The expense recognised for the fees paid to KPMG AG and worldwide member firms of KPMG International (KPMG) in the year under review can be broken down as follows:
| Fee paid to the auditor | ||||
|---|---|---|---|---|
| 2017 | 2016 | |||
| in EUR thousand | KPMG worldwide | thereof KPMG AG | KPMG worldwide | thereof KPMG AG |
| Services relating to auditing of the financial statements | 8,953 | 3,328 | 8,540 | 2,445 |
| Other assurance services | 548 | 432 | 401 | 320 |
| Tax consultancy services | 214 | 21 | 678 | 515 |
| Other services | 1,311 | 1,093 | 2,283 | 2,088 |
| Total | 11,026 | 4,874 | 11,902 | 5,368 |
The fee for services relating to auditing of the financial statements performed by KPMG AG Wirtschaftsprüfungsgesellschaft includes above all the fees for the auditing of the consolidated financial statement including legally required extensions of the mandate, the review report on the interim report as well as audits of annual financial statements and audits of the Solvency II balance sheets of the subsidiaries included in the consolidated financial statement. The fees for other assurance services relate to legally or contractually required audits. The fees for tax consultancy services include, in particular, fees for support services provided for the preparation of tax returns and tax consulting on specific matters. The fees for other services encompass consultancy services connected with the initial application of new accounting principles, training activities relating to current developments in accounting practice as well as quality-assuring support services and consultancy services in connection with IT.
The auditor responsible for performance of the audit engagement as defined by § 38 Para. 2 of the Professional Charter for Accountants / Certified Auditors (Berufssatzung WP / vBP) as amended on 21 June 2016 is Mr. Florian Möller. He served as the engagement partner responsible for the audit of the annual and consolidated financial statements for the first time as at 31 December 2015.