KPMG China has established a team with deep expertise in actuarial consulting, comprising approximately 170 actuarial professionals across Chinese mainland and Hong Kong SAR. This team is dedicated to meeting the diverse needs of clients in the region. Our consulting services span a wide range of areas, including traditional insurance actuarial services, risk and capital management, IFRS 17 and IFRS 9 financial reporting and transformation. We are committed to delivering comprehensive solutions that empower our clients to achieve their goals while fostering long-term growth together.
- Insurance reserve valuation, providing advanced actuarial modelling to evaluate insurance reserves across various product lines;
- Pricing & Product Development Support, assisting insurers in creating innovative products through detailed pricing analyses, including sensitivity testing and scenario analysis, to ensure competitive and profitable outcomes;
- Embedded Value Valuation, developing a comprehensive embedded value (EV) valuation framework, including calculation of value of in-force business (VIF) and new business value (NBV), to support strategic decision-making and investor communication;
- Pension Plan Valuation, conducting regular pension liability valuation using actuarial assumptions and demographics to provide early-warning and recommendations on funding status, to ensure sustainability of the pension plan.
- Risk and capital management, designing comprehensive risk capital frameworks, including economic capital models, to optimize capital structure, enhance efficiency, and meet regulatory requirements such as RBC, C-ROSS, and Solvency II;
- Reinsurance Strategy Optimization, evaluating cost-benefit analysis of reinsurance options to design strategies that minimize capital consumption and maximize risk mitigation;
- Credit Rating Improvement, supporting clients in enhancing key performance indicators, refining risk management frameworks, and aligning strategies for sustainable growth and improved ratings.
- IFRS 17 and IFRS 9 financial reporting advisory service, providing IFRS 17 and IFRS 9 advisory services, including accounting framework design, system upgrades, process optimizations, staff training and secondment, to ensure a smooth transition;
- Financial transformation, Provide profit management services under IFRS 17, including the budget development, management indicators setting and segment reporting and measurement result allocation.
Actuarial offices in China
Beijing
Shanghai
Shenzhen
Hong Kong SAR
