A career in Actuarial
Sylvia shares what it's like working in Actuarial Services
Actuaries work with uncertainty. Join us and you’ll help clients analyse how future events - anything from a corporate takeover to a major natural disaster – could affect them.
In Actuarial Services you’ll work with clients from the insurance industry (both life and general insurance), but also from outside the insurance industry where you’ll work with clients from the banking sector (retail and investment), the healthcare sector, the public sector, as well as corporate clients from the non-financial services sector like energy and utility providers. Your advice could cover solvency, reserving, economic capital, risk management, mergers and acquisitions, company restructuring and de-risking, financial modelling, underwriting, new legislation, the visibility of new products and the efficiency of claims or reporting processes.
In People and Organisation you’ll work in either our Pensions team or Reward and Employment team.
In Pensions, you’ll work with a wide variety of companies, from large multinationals to private listed businesses. Using our market-leading pension’s analytics tool, you’ll be part of the team advising them on how to best achieve their objectives in relation to their pension or benefit schemes. You’ll consult on how clients should manage both liability and asset risks within their pension plans, negotiate with trustees on how to fund schemes, designs plans to help employees save for retirement and advise on potential mergers or acquisitions.
In Reward and Employment, you’ll help companies’ incentivise their most senior employees. As part of a multidisciplinary team, you’ll use broad consulting skills underpinned by financial modelling techniques to develop reward structures that support business strategy and are acceptable to shareholders and employees alike.
The results of this survey show that a good degree of stability has now been reached in the approaches used both to calibrate and to operate the internal model, as one might expect in the live environment, although there is not necessarily consistency of approach across the industry.
Technology is changing the kind of experience customers want from insurers and opening up a new front in the competition for customers
Keeping you up-to-date with Insurance regulation.
The Year-End 2016 Solvency II technical provision (TP) audits raise questions about whether some (re)insurers are doing enough to build the evaluation process into business as usual (BAU). For others, solid foundations for evaluation and audit preparation are already paying dividends.
What are the key considerations for managing the transition away from LIBOR?
Pressure for insurance M&A continues to build. What are the key drivers for the latest round of deal activity and what are the implications for both boards and people within the organisation?
It is important to understand the key areas of difference where the most development from Solvency II model, systems and processes will be needed.
The Part VII transfer as emerged as a key element of the toolkit for Brexit restructuring, enabling your organisation to move books of business into new or existing Continental entities. Yet with time running out to secure approval and potential bottlenecks ahead, prompt action and rigorous preparation are critical. Fortunately you don't have to do it all on your own.
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