Insurance reserving & reporting

For all companies requiring traditional actuarial insurance services, PwC provides expertise in a wide range of products in many different countries. With the largest actuarial insurance consultancy in the UK, we can draw upon the expertise of about 200 actuarial insurance specialists, many with experience from outside the UK. As auditors to more than half of the UK’s top ten insurers, we are well placed to benchmark our clients’ performance against the market.

How we can support you
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Potential issues

• You need assurance that your existing reporting and reserving processes and models are appropriate and compare well with those of other insurers
• You need timely and relevant information on the latest market issues such as embedded values that allow for options and guarantees, and how insurers are dealing with these
• You need advice on how to make the transition to International Financial Reporting Standards (IFRS) for insurance contracts and you need to understand what impact they will have
• You need a qualified expert witness who can testify in a court of law, in a professional, yet understandable, way
• You need your auditors to understand your business and the way you do reserving, for example appreciating how changes to claims handling might impact actuarial calculations of ultimate losses or the effects of new regulations or standards
• You write a wide variety of types of insurance cover in various territories and need advisers that have experience and awareness of current issues for each of these.