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Actuarial and risk modelling solutions

Actuarial and risk modelling solutions

- 3 items

Optimise your data assets and capitalise on the business intelligence

We prepare you for all phases of the implementation

Advancing confidence in every interval

Turning data into predictive insights. Turning risks into opportunities.

With their deep understanding of mathematics, statistics, and business management, actuaries develop solutions to handle complex financial issues and measure and manage risks.

But the world’s risk landscape is changing and becoming ever more complicated. With the help of our actuaries, leaders can make more accurate strategic decisions, even in industries beyond insurance.

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Our services

Behavioural and statistical modelling

In an increasingly complex and interconnected business world, clarity and tools that enable accurate decision making are crucial. Our modelling solutions combined with sound analytics help you predict and evaluate future challenges and opportunities.

Organisations across all industries rely on real-time, enterprise-wide, data-driven decisions. This includes risk-based pricing, customer targeting, claims processing, determination of risk appetite, and scenario modelling. We help you make more informed decisions around profitability and risk and enable you to gain a dynamic understanding of your customers and their behaviour.

Our predictive and statistical analytics provide insights into your key business risks, drivers, and opportunities. We help you understand the strength of various statistical algorithms and how to leverage them. This allows you to select appropriate business cases that will lead to data-based, more effective, and accurate decision making.

Sustainability is playing an increasingly important role for companies across all industries, and FINMA recently specified transparency requirements on climate risks for selected banks and insurance companies. By modelling the effect of climate change on the frequency and severity of weather events you can quantify potential financial impacts and risks and meet regulatory requirements.

Actuarial management consulting

The actuarial function has evolved from "number crunching" to "strategic business partner". Actuaries enable an organisation to comply with regulations while setting the strategic course for the future.

A sound capital strategy is critical for generating favourable and sustainable returns, not only in the financial services industry. We provide you data-driven insights and help you with a range of strategic decisions related to capital management, investment choices, and asset strategy. This enables you to pursue your strategic goals.

We help (re)insurance companies achieve best-in-class capabilities. Our experts help actuarial, finance, and risk professionals work faster and better by redesigning processes and technologies. Our data teams support actuaries in upgrading the tools, skills, competencies, and resources that enable them to achieve their business strategy goals and respond to changing conditions in an efficient and agile way.

Data is not reported on balance sheets, yet it is the most significant asset for some of the world’s most valuable companies. We optimise business value by extracting value from data in a measurable, systematic, and holistic way. Our framework-based methodology succeeds even when traditional valuation methods fail and unlocks additional revenue sources for our clients.

Outsourcing, captives and responsible actuary

We help you navigate the current challenging environment by identifying business risks across your organisation – and offer you a range of services to structure and manage such risks in an efficient manner.

We help you set up and manage your new insurance captive solution and optimise your risk exposure or run-off strategy. Our PwC experts have hands-on experience in conducting feasibility studies, creating and amending business plans, managing your SST reporting, reserving, optimising your underwriting capacity, and designing reinsurance programmes or run-off strategies.

Insurance companies are required to designate a responsible actuary for the company’s technical analyses. Appointing one of our highly experienced actuaries for life, non-life, and health insurers as well as reinsurance companies will not only give you peace of mind and security about your insurance and financial risks but also about all regulatory requirements.

Enterprises across jurisdictions and industries operate with a variety of models for measuring and managing risk and valuing financial instruments. In this environment, our clients face various challenges arising from regulatory requirements, good industry practices, and increasingly complex accounting standards. With our expertise, insight, and technology, we provide the support you need.

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Risk modelling

Legislative changes have strongly affected the financial and other industries in recent years. We provide the tools, skills, and experience to ensure that your company stays at the forefront of these developments and that your business grows.

Market changes, access to new types of data, and new regulations provide opportunities to enhance analytics for decision making. IFRS 9/US GAAP CECL and IFRS 17 need to be implemented. PwC can advise you on how to redesign and implement financial and forecasting models to meet all requirements, gain insights for your business, and increase your competitiveness.

To deliver sound results, financial (risk) models must be designed appropriately from the outset, and once in place, a feedback loop with regular validation is required. We show you what impact advanced analytics, big data, new risk management, and upcoming regulatory changes will have on your existing model landscape. This makes you fit for tomorrow.

Dynamic pricing is a strategy for adjusting the prices of customer-centric offerings in real time, not only to adapt to changing demand and supply but also to optimise profit in any scenario. To reduce forecasting errors and automate price management while matching it with customer needs, we look at the distribution of outcomes, use game theory and apply machine learning.

Your benefits

Improve your actuarial resources

New accounting and solvency regulations require changes to existing actuarial systems and infrastructure. Whatever industry you are in, we help you improve the effectiveness of your actuarial resources through efficient data analytics and value-enhancing processes.

Transform your business 

Digital transformation and regulatory changes are redefining the role of actuaries: they are becoming a decisive factor for strategic decisions. We support you in all actuarial, accounting, and regulatory fields to achieve a successful business transformation.

Explore new business models 

Extracting value from your data and strategic decision modelling enable you to innovate your business. As market pioneers working on this topic globally, we are your visionary partner for end-to-end solutions. Across sectors and industries.

Recover and remediate 

Your challenges are manyfold: StandRe, IFRS 17, cyber risks, automation of actuarial systems, and many more. From assessing their impacts on your company to the implementation of your new solution – we are with you all the way.

“Our company operates in multiple regions and jurisdictions, and we faced the challenge of complying with different regulatory changes. PwC helped us implement new predictive analytical models that allow us to assess all risks holistically – in order to plan and optimise the financial impact of different changes."

ClientFinancial Services Industry

Our team

The 1,100 professionals in PwC's global actuarial services team help our clients act decisively on key issues. Our Swiss practice consists of more than 25 actuaries with skills in quantitative finance, actuarial services, risk modelling, and data analytics. We enable you to better understand your business and the impact of your decisions by turning complex data into predictive insights.

Based on our broad experience with financial institutions, (re)insurance companies, regulators, and public entities, we have developed effective solutions for organisations that need modelling capabilities. We provide insights and solutions that help you adapt to new technologies and realise their full potential. Our team works both with domestic and international companies.

Talk to our experts

Your experts

James Norman

Partner Actuarial and Risk Modelling Solutions, PwC Switzerland

+41 58 792 26 13

Email

Dr. Harald Dornheim

Partner, Actuarial and Climate Risk Modelling Solutions, PwC Switzerland

+41 58 792 17 91

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