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Climate change, demographic shifts, consumer sentiment, economies in flux – risks can come in many forms. For organizations, while they may seem ever-present, they don’t have to be unmanageable.
At PwC, we believe that risk is an opportunity to drive growth and if you can measure it, you can optimize it. Connecting a diverse team of actuaries, data scientists, climate scientists and financial engineers with expertise in risk quantification, we can enhance business decision making through actuarial and risk modeling, and help our clients to act decisively on the issues that really matter.
In a landscape as dynamic and complex as today’s, optimal outcomes cannot be left to chance. With smarter predictions powered by advanced analytics, you can expect better, more timely outcomes. Covering challenges from traditional insurance to the impact of ESG initiatives, our Risk Modeling Services combine deep, quantitative, financial-focused modeling with business insights so you can look forward and proceed with confidence.
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PwC’s Risk Modeling Services elevates business strategies with advanced analytics to help clients make informed decisions through a financial lens.
ESG represents risks and opportunities that will impact a company’s ability to create long-term value including climate change and resource scarcity; D&I, safety issues and data security; and board diversity, executive pay and tax transparency. To demonstrate strategic progress, these risks and opportunities should be translated into measurable outcomes. From assessing transition risk in an investment portfolio, to determining how physical real estate footprints can be impacted by climate change, our ESG and Climate Risk models can help turn high level strategies into quantifiable targets.
Corporate entities often retain a significant amount of risk, through a captive or self-insurance/deductibles, that is generally serviced by a small internal risk management team that may not have investment, resources or tools to manage or optimize risk. We help clients modernize Risk Management by improving operations through technology, incorporating enhanced data analytics and modeling capabilities, and redesigning reporting approaches to enhance the strategic management of their risks.
Our Insurance Modeling Team helps companies solve complex business problems, navigate disruption, manage regulatory change and leverage technology to deliver insights across the insurance value chain. Our team has extensive experience assisting Life, P&C, Health and Reinsurance companies with: Finance, Actuarial, Investments and Risk (FAIR) modernization and reporting; Risk and Capital Optimization; Product development and pricing; Value analyses and Deals support; Assurance services; Managed services and Underwriting and Claims optimization.
As the world becomes more complex, corporate leaders need better and more insightful tools to aid their strategic decisions. Advanced finance analytics is PwC’s strategic framework to vision, accelerate and rapidly deliver enterprise finance, actuarial, investments and risk analytic capabilities. Using machine learning and proxy modeling, our advanced finance analytics service offering enables rapid business decisions through financial scenario assessments, while providing tailored, on-demand next generation financial planning and analysis with interactive user interfaces, all within a single integrated cloud environment.
To secure trust, companies need reliable and actionable information on how their businesses are performing. Our market leading experience, integration with audit and deep understanding of regulations make our Risk Modeling Services team uniquely positioned to help provide assurance over numbers and reporting systems for insurers, as well as analyze underlying quantitative models used for ESG/Climate disclosures.
Richard de Haan
Partner and Global Risk Modeling Services Leader, PwC US