For all companies requiring traditional actuarial insurance or reinsurance services, PwC provides expertise in a wide range of products in many different countries.
For Insurance specific issues, our actuarial team comprises specialists in both life and non-life insurance business. They focus mainly on the services required by insurance companies on an actuarial level and they assist in reserving processes and reporting of the insurance business.
Our insurance reserving and reporting services include:
- an integrated and connected audit service,
- specialist insurance knowledge to support the audit team, particularly with regards to reserving and embedded value calculations,
- excellent market knowledge to provide feedback on the profitability of insurance products,
- investigating and quantifying uncertainties and areas of risk,
- helping to make a smooth transition to IFRS for insurance contracts
- mergers & acquisitions, as well as post-deal services,
- support and review of SOX implementation processes
- wide range of risk management related services
- mandates of accredited actuary
- modelling of IT support tools
Furthermore, these specialists can apply their actuarial, fiscal and legislative knowledge to assist and advise on product development and to provide continuous trainings on several related topics. Our team of specialists also offer numerous actuarial-specific services including actuarial attestations, profit testing and embedded-value assessment, international insurance accounting (US GAAP and IFRS) and asset liability management.
