Actuarial

We stand ready to help insurers navigate and operationalize complex regulatory changes (such as Long-Duration Contracts, International Financial Reporting Standards 17, and Principle-Based Reserving). Our team comprises accounting, actuarial, finance, project management, data science and technology disciplines, providing practical insight to help insurers identify risks, understand new compliance requirements and their business implications, plan necessary changes, and support implementation.

Insurance Accounting Change (kpmg.com)

• We leverage advanced technologies and data analytics to enhance actuarial models and overall infrastructure, helping you streamline processes through innovative solutions that improve accuracy, efficiency, and agility in current and future actuarial operations.
• Our services include:
  • Moody’s AXIS, FIS Prophet, Aon Pathwise, and Slope model development, remediation and optimization
  • Process automation
  • Reporting strategy, design, and implementation
  • Assumption governance, development and management
  • Target Operating Model review

Insurance companies are facing financial, regulatory, and technological pressures with demanding reporting requirements and maintaining competitiveness in an uncertain operating and economic environment, impacting the capabilities and capacity of actuarial teams. We can help continually evolve your business functions to keep up with ever-changing targets, providing you with an optimal staffing model and key external insights.

KPMG Managed Services

We can assist in developing robust model governance frameworks, conducting model validation and testing, and implementing effective controls to ensure the accuracy, reliability, and integrity of actuarial models used in decision-making processes.

We will help you develop robust capital models, implement tools necessary to support value generating strategies, as well as regulatory compliance, ultimately helping your organization effectively manage capital resources.

We can help guide your captive strategy by assessing risk profiles, designing captive and reinsurance structures, and implementing effective risk financing strategies.

We provide independent assessments of actuarial calculation methodology and assumptions to ensure compliance with regulatory requirements, validate the accuracy of financial statements and supporting analysis, and provide assurance to stakeholders on the reliability of actuarial opinions.

We utilize advanced technologies and data-driven insights to enhance decision-making processes. We can assist with developing data strategies, implementing analytics and AI solutions, and managing risks associated with data, enabling your organization to make informed and strategic business decisions.

Data, AI and Analytics Advisory (kpmg.com)