Actuarial modelling for insurance companies

Insurance companies are currently facing a multitude of challenges. Fierce competition among established companies, new players on the market, the all-dominant topic of digitalisation and increasing regulation are putting insurance companies under pressure to realign their business model for the long term.

However, many companies are finding it challenging to adapt to the new circumstances. What to do when the business model that has been tried and tested for decades no longer has any real future prospects in its current form?

Adapting business models to the new challenges

It is important to face up to the challenges ahead. Companies should therefore:

Actively drive forward the acceleration and automation of processes;
Streamline and automate processes relating to their models;
Tackle necessary adjustments to the actuarial model due to the requirements of IFRS 17;
Drive forward the use of data science methods, e.g. in pricing.

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Benefit from our expertise

We are no strangers to the challenges that insurance companies are currently facing. We have the experts with the expertise you need to make your company fit for the future. Thanks to our worldwide network, we are in a position to provide comprehensive support to globally active companies, just as we are able to provide smaller companies with customised advice on detailed issues - and know how to implement our suggestions in a practical manner.

Our solutions for you include

Analysing and taking stock of the processes and data in your company
Analysis of optimisation possibilities
Conception and support during implementation
Adaptation of projection models for life and health insurance companies
Analysis of models and data and identification of optimisation options
Analysis of the feasibility of the optimisation options
Implementing the changes

Our experience - your future success

Take advantage of our expertise, which we have gained in large modelling projects at a large number of very differently organised insurance companies. It is important to us that we always keep the big picture in mind when developing solutions for our customers. Because we think about success in the long term. We always incorporate the knowledge of other KPMG experts, such as industry knowledge, IT expertise, accounting knowledge or actuarial know-how. We always work in partnership with our clients.

Have we stirred your interest? Please contact us