Emily Cassidy

Emily is a Managing Director in KPMG’s Actuarial practice. She has over 16 years of insurance industry experience supporting insurance and reinsurance companies in both an advisory and audit capacity. She provides services in the life sector of the insurance industry primarily related to financial reporting, model risk management, and actuarial transformation. She co-sponsors the KPMG Insurance Accounting Change solution team at KPMG where she leads the development and delivery of client solutions.

Professional and Industry Experience

• Leading clients through the assessment of expected impacts on the FASB’s Targeted Improvements for long duration insurance contracts (ASU 2018-12)
• Implemented a reporting solution to produce the required ASU 2018-12 disclosures, journal entries, and management reports
• Supported the IFRS 17 implementation for a large US insurance company and advising on unique features of products in the US
  
• Led model validation for implementation of various accounting changes including ASU 2018-12, IFRS 17, VM-20 Principles Based Reserving for Life Insurance, VM-21 Principles Based Reserving for Variable Annuities
  
• Facilitated educational sessions on ASU 2018-12 and VM-20 for multiple clients
  
• Delivered statutory blue book reporting using an outsourcing model
  
• Guiding companies in the stand-up of the model risk management function including developing policies and procedures, implementing model monitoring protocols, and establishing a risk assessment framework
  
• Internal audit services for actuarial functions for direct and reinsurance business including control design & testing, risk assessment and remediation assistance
  
• Developing and executing model validation of complex insurance models including valuation, pricing, capital, and risk models
  
• Assessing and benchmarking various actuarial units from organizational, process, controls and documentation perspective