Assurance and Model Validation
Accurate financial disclosures and investor analysis is the cornerstone of any successful insurance business. Our market leading experience, integration with audit and close links with regulators, make us uniquely placed to provide assurance over your actuarial calculations. SST internal model approvals and SII validations gives comfort to your boards to know you are meeting the regulatory requirements.
You get insights into effective risk management and how to optimise your capital management. This can provide opportunities to maximise new regulation and support your strategic ambitions. We can provide insights into your capital strategic and effective risk management critical to generating favourable and sustainable returns.
You get the safety over your insurance and financial risk by our experienced appointed actuaries for life, non-life, and health insurer as well as reinsurance companies.
Machine learning, data analytics, process intelligence and operational excellence provides tools for improving the actuarial processes. Together with our Digital Services colleagues, we can deliver data-based insights using these modern methods and have access to state-of-the-art techniques like robotic process automatization (RPA) and chatbots to help improve your processes. You can improved the effectiveness of your actuarial resources through efficient, value-enhancing processes. Our deep insight into the insurance market and collaboration with new technologies can provide you with solutions adapted to your needs.
Actuarial Models and Systems
New accounting and solvency regulations require significant changes to existing actuarial systems and infrastructure. You get advice on how to redesign, implement and adjust actuarial models to meet the new requirements (including IFRS 17). We can provide insights for your business and sharpening your competitive edge.
Life Insurance Companies and Pension Funds
The current phase of low interest rates is challenging for life insurers and pension funds, particularly under the high guarantees in the second pillar (BVG). Moreover, essential changes to the legal and regulatory framework create opportunities to adjust the tariff premiums and mitigate some of the interest rate risks. For example “Reform der Altersvorsorge 2020” allows the financing of the conversion losses through a longevity premium and demands a reduced margin in the risk premiums. We can provide you with analysis, financial modelling, and support in these regulatory matters.
Health and Accident Insurance
You get end-to-end solutions which are tailored to your needs from the small niche player to the largest player. We can support you in order to comply with regulatory demands and provide latest solutions regarding value and risk based management, asset liability management, solvency modelling, pricing strategies, reserving, reinsurance, predictive health and robotics.
You get assistance on the end-to-end process, including deal identification, due diligence, actuarial appraisal and valuation, advice on accounting implications, negotiation and communication with regulatory authorities to achieve successful business transformation.