Actuarial Services

PwC is a global provider of consulting insurance services aimed at maximising business performance. Our insurance industry practice delivers a comprehensive range of services necessary to address the key issues affecting your business.

Our actuaries, who are part of our European actuarial network, are able to advise insurance and reinsurance companies on a broad range of issues relating to strategy, risk management, regulatory and financial reporting. We help insurance companies to effectively manage risk and capital and comply with local and European regulatory requirements.

Our actuarial experience and expertise
We have extensive experience in actuarial, risk, and capital management disciplines to assist companies with actuarial challenges.  Our local team has Life and Non Life consulting experience, both in the Greek and international market, which includes actuarial reviews, product pricing, Solvency II consulting and actuarial transaction work.

How can we add value to your business?

Actuarial reviews
We perform Life and Non Life actuarial reviews, namely:

  • methodology and assumptions assessment
  • reserve reviews
  • embedded value reviews
  • MCEV (market consistent embedded value) reviews
  • regulatory report reviews

Actuarial calculations and pricing
We can assist you to perform embedded value and MCEV calculations, Life and Non Life pricing and profit testing as well as business planning and budgeting.

Solvency II
Our actuaries can support you with Solvency II gap analyses. Specifically, we can assist in the implementation of Solvency II with effective assessment on risk, capital and reporting processes, as well as help you with the preparation of Solvency II reporting and with Solvency II qualitative assessments.

QIS reviews
We perform reviews of the QIS5 submission against specifications and assessment of the approaches followed in the calculation of the balance sheet inputs.

Actuarial due diligence
We have experience in assisting Life and Non Life companies with mergers, acquisitions and restructurings, from both a seller’s and buyer’s perspective.  The due diligence work includes actuarial appraisals, pricing, reserving and business planning assessments.

Market entry
We help companies to enter the Greek insurance market by providing regulatory and financial assistance based on our experience in the Greek insurance market.