Actuarial services

Current market challenges

In recent years, the insurance industry has faced multiple regulatory waves bringing increased complexity and greater disclosure requirements. Solvency II dramatically increased the sophistication of capital modelling and the understanding of risks exposure of insurers. Today, IFRS17 has exposed a large and increasing demand for actuarial skills to first implement, and then optimise regulatory requirements for commercial benefit.

The regulatory overheads, combined with a greater desire for digitisation of offerings and interactions, have highlighted the need for a technology architecture that is set up for compliance with actuarial processes at the core. Many companies are thinking about setting up a holistic approach to data and systems architecture that will allow the insurer to grow in a sustainable way.

Climate change is also having an increasing impact on insurers, from regulatory reporting and risk assessment requirements, to the changing nature of physical risks insurers are exposed to.

How we can help

Our actuarial team serves regional, national, and international companies of all sizes and structures by combining the right people with the right skills for every engagement, leveraging our collective knowledge, and using consistent tools and methodologies.

• Actuarial function holder
• Capital quantification & Optimisation (including Solvency II)
• Reserve reviews
• Risk function and Risk management
• External audit and SAOs
• Internal model validation
• Pricing
• Internal audit
• Regulation – S166s, part VII transfers, expert witness and Forensics
• IFRS 17
• Actuarial process, governance & controls reviews
• Transformation
• Actuarial analytics, including tools review/selection assistance
• Climate change risk modelling and disclosure requirements assistance

Read more about our insurance services