Corporate Risk Modeling

Improve risk management, lower costs and increase efficiencies.

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. While the benefits of retaining this risk can be significant, optimizing risk insights is increasingly more challenging in today’s complex and dynamic landscape.

The enterprise risk management framework may not be operating optimally due to inefficiencies from a legacy process which could lead to several issues impacting key business decisions:

  • Manual data processes can prevent or delay obtaining information necessary for strategic planning and communicating with the commercial marketplace.
  • Companies may also recognize compounding unfavorable financial results and/or financial volatility.
  • Risk transfer and retention strategies may not be aligned with risk appetite.
  • Inability to effectively communicate risk management strategies and opportunities to leadership.


of CRO and risk management leaders say that increasing agility is very important to their company's ability to grow.

PwC Pulse Survey, 2022

PwC Solutions

PwC can bring the insights and expertise needed to help corporate risk teams enhance the strategic management of their risks through leveraging modernized capabilities, promoting…

  • Improved operations and cost savings through more efficient and appropriate use of resources by leveraging technology
  • More accurate liability estimates and risk selection through new modeling capabilities that harness enhanced data analytics, often hosted in cloud applications
  • Streamlined data collection processes helping to reduce administrative burden and delays and provide “one source for the truth" for many stakeholders
  • Transparency in processes for helping create a robust internal control framework considering data reconciliation, financial reporting processes, and compliance with accounting and regulatory standards
  • Strategic vs. reactive approach to risk management to help increase competitive advantage
  • Redesigned reporting approaches and tools that can produce useful metrics to better communicate risk trends and total cost of risk (TCOR) to leadership and business units


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PwC as an Actuarial Collaborator

Understanding you: Business needs, risk management concerns, overall objectives. Tailor approach, focus, work product.

Collaboration: Sharing ideas, process improvements, leading industry practices, new and emerging technologies.

  • Understanding the vision and long-term goals of the insurance program

Massive amounts of data from various sources.

Efficiency: Simplify the process, reduce administrative burden, provide data insights.

Focus: Prospective instead of retrospective. Early identification and understanding of claims and loss experience. Data analysis. Intelligent reports. Smarter data auditing. Spot anomalies. Streamline.

  • Database creation with detailed reconciliation and validation reports serving various reporting purposes

Tools: Reserving platform providing complete solution, reserving module with many exhibits, methods and management reports; VBA and API functionality, RPA software.

People-powered: Your world is standardized and customized, we can handle both.

Transparent: Each step of the way. Audit trail. Automation reduces mistakes. Real-time status.

Seamless: Assess reasonableness of overall methodology and assumptions. Modify over time commensurate with emerging experience.

Customized: Judgment. 400+ embedded Digital Accelerators. Enhancing quality. Tailored innovations. Saving time.

Improved financial controls: Reduces spreadsheet risk and improves documentation.

  • Automation bots – Speeding up data and results processing
  • Automated workflows – Streamlining processes

Insightful: Bringing perspectives throughout. Smart reporting with key findings and sensitivities.

Trends and diagnostics.

  • Dashboard with hands-on access and drill down capabilities; customizable

Capabilities and intelligence that go beneath the surface to save you time, add value and perspective, and give you deeper insights.

Our services include

  • Performing efficient and streamlined analyses of a company’s outstanding liabilities with tailored metrics and insights to support key stakeholders and leadership understanding of program performance
  • Assisting with risk retention and risk transfer thresholds; enterprise risk management framework and risk appetite determination; and capital adequacy assessments
  • Providing accounting support including risk transfer assessments, premium audits, various financial reporting and insurance specific accounting items (PDR) as well as governance support including developing process and control documentation to help meet SOX compliance
  • Supporting the management of third-party administrators including claim reviews, process reviews and technical reviews (technical environment and data security)
  • Aiding in the development of advanced data solutions including data lakes and data repositories with automatic feeds from internal systems and external vendors

Content Spotlight: InsurTech for Risk Managers

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Kris Kogut

Kris Kogut

Principal, Corporate Risk Modeling, PwC US

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