Actuarial services and insurance risk management

Actuarial services and insurance risk management

Actuarial skills are being sort to support multi-disciplinary approaches to important business decisions.

Actuarial skills are supporting multi-disciplinary approaches to business decisions.

Our actuarial services practice provide all traditional actuarial services including advice in general insurance, wealth management and life insurance, health financing, financial and statistical modelling. The quality of our work reflects the technical competence of our actuaries, access to KPMG’s global resources and our experience gained from advising a variety of different organizations.

Even though actuarial analysis is widely used in the insurance industry, it is also entering into many other areas as its power and flexibility becomes more widely appreciated. Actuaries are experienced in both measuring and managing risk; although they cannot prevent irrational behaviour, actuarial methods can help to mitigate its impact and reduce uncertainties. Increasingly, actuarial skills are being sort to support multi-disciplinary approaches to important business decisions.

Our actuarial services include:

  • Insurance risk management;
  • Portfolio valuation;
  • Embedded value and market consistent embedded value;
  • Planning and strategy;
  • Financial and statistical modelling, analyses and interpretations;
  • Appointed/ approved actuary;
  • Internal control reviews;
  • Solvency position assessment;
  • Financial reporting (IFRS 4, IAS 19 and IAS 39/ IFRS 9);
  • Deterministic and stochastic modelling of claims and reserves;
  • Pricing, profit analyses and product development losses;
  • Reserving and best estimate techniques; and
  • Transaction services: due diligence, purchase price allocation.

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