We help companies transform their business to unlock value and enable decisive action

Insurance Modeling

The global insurance industry is investing billions in modernizing insurance capabilities. Why? Macro-economic trends, changing consumer preferences and distribution models, technology advancements, cost pressures, shifting work forces, and changing regulatory environments require new insights, more real-time analytics, and revised business structures to help generate competitive advantage, growth, and capital efficiency.

The impacts span the enterprise, from finance, actuarial, and investment to risk, marketing and distribution, operations, and strategy. When these functions are aligned and enabled by the right technologies, analytics, and talent, insurers can operate more efficiently, unlock greater value, and build sustained competitive advantage.

Our services include

Finance, Actuarial, Investments, and Risk (FAIR)
NextGen Actuarial Modeling
Deals, Capital and Tax
Reinsurance
Model Risk Management

Finance, Actuarial, Investments, and Risk (FAIR)

FAIR transformation helps (re)insurers unlock smarter, faster and more connected decision-making across finance, actuarial, investment and risk. As AI, regulatory change, shifting customer expectations and market volatility reshape the industry, PwC helps clients modernize the data, platforms, processes and controls that power performance at scale. By bringing these capabilities together in a scalable, technology-enabled operating model, we help organizations boost efficiency, strengthen resilience, improve capital, and create the agility required to drive sustainable growth and long-term value.

NextGen Actuarial Modeling

NextGen Actuarial Modeling brings innovative, leading-practice solutions designed to help meet stakeholder expectations and keep clients at the forefront of actuarial modeling. We work with major third-party platforms and advise (re)insurers on scalable, in-house systems that leverage AI and emerging technology for efficiency and value. Our approach features a holistic playbook, insights on industry hot topics like VM-22 and generative AI, and perspectives on process automation through agentic AI transformation. This holistic strategy enables clients to confidently meet evolving industry challenges so they can capture new opportunities.

Deals, Capital and Tax

In recent years, reinsurance transaction activity has surged as insurers seek to enhance capital and tax positions, manage high-volume annuity sales, and secure access to higher-yielding alternative investment opportunities. PwC’s Risk Modeling Services team applies quantitative analysis to evaluate complex transactions and support these strategic initiatives through the following core activities:

Transaction Due Diligence
Offshore Reinsurance
Capital Management
Corporate and Tax Structuring
Post-Deal Integration and Scalability

Reinsurance

With insurers increasingly relying on reinsurance to enhance capital efficiency and optimize the balance sheet, the need for robust frameworks has never been greater. PwC's Risk Modeling Services team brings together leading talent from across our global network to support the full reinsurance lifecycle. Our professionals offer deep expertise in evaluating reinsurance economics and designing bespoke transactions—guiding clients from feasibility and deal structuring through regulatory approval and ongoing execution. We are at the forefront of the rapidly evolving asset-intensive reinsurance market, advising clients across deal origination, pricing, asset-liability and capital management, and ongoing performance optimization—delivering the insight and rigor needed to execute with confidence in an increasingly competitive global marketplace.

Model Risk Management

In addition to regulatory pressure from various supervisory jurisdictions around the globe, boards want insurers to have strong model risk management practices in place throughout various models in their organization. We can assist with your risk management framework from first line model development and ownership responsibilities through second line model oversight and independent assessments to third line assessment, health of an entity's model risk management. PwC’s Risk Modeling Services team has deep expertise across the insurance industry and models for decision making, risk management, and financial reporting. In addition, we have experience with these in each stage of the model development life cycle.

Learn more about our alliances

PwC collaborates with the industry’s leading cloud and fintech providers so we can bring our clients deep industry-leading knowledge to help expand digital capabilities and drive business insights. In addition, we work with a wide range of life, P&C and health modeling platforms and through our alliance relationships with Alteryx and Workiva.

As an industry-leading Amazon Web Services (AWS) Premier Consulting Partner, PwC can leverages the AWS cloud's embedded analytics, BI (AWS QuickSight), strategic modeling (AWS SageMaker) and cloud compute amongst various other AWS cloud-native services to help you expand your digital capabilities and drive business insights.

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As an industry-leading Microsoft global partner, PwC can leverage the power of Microsoft Azure, Dynamics 365 and Microsoft 365 to help unlock and use data to enable business transformation that can help us address our client’s high priority challenges.

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