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.
Keeping you up-to-date with Insurance regulation.
Have anticipated premium rate rises following the 2017 catastrophes materialised in the London Market?
Nearly 90% of the cyber insurers taking part in PwC’s 2017 Global Cyber Insurance Survey are targeting small and medium size enterprises (SMEs).
IFRS 17 is going to put actuarial assumptions and model outputs at the front and centre of financial reporting. The resulting need to meet tight calculation deadlines and free up the time needed to get on top of heightened earnings volatility is going to demand an operational shake-up. How can your business get up to speed?
The increased deal activity in the insurance industry is transforming the dynamics. How can firms ensure they are ready for change and compete?
The with-profits legacy guarantees still present significant capital demands for insurers. How can both insurers and policyholders overcome these drawbacks?
In this Hot Topic we summarise the content of PRA’s CP9/18 and its potential implications for UK insurance firms.
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.