Actuarial services
Ready for new regulations?
Understand how actuarial valuations enhance decision making on different topics, including new regulations, pensions, audits and more.
New regulations affecting specific sectors place increased demands on reporting requirements. Solvency II for the insurance industry is one such example.
- Are you able to meet the requirements of new regulations (like IFRS4 phase 2) alone or do you need support?
- Are you prepared to meet requirements in the given timeframe?
- Do you use a standard model for calculating your SCR or have you defined your own?
- If so, has that model been validated to be sure it meets requirements?
The challenge of pensions
- Is your firm prepared to face all the challenges arising from an aging population and increased longevity?
- Do you have an adequate pension plan for employees so they’re prepared for the financial consequences of retiring?
- Do you require actuarial valuations of employee benefits for IFRS or USGAAP reporting?
- Need an asset liability model (ALM) study to better understand the risks you face and eventually adapt strategic asset allocation to render your portfolio more profitable?
Clear calculation offers insurance firms more than just compliance
- Have you mastered your numbers?
- Could a better understanding help you run your insurance business more effectively?
- Are you looking to better position products by gaining a deeper understanding of your customers that can support improved decision making?
- Do you require in-depth calculations for an audit or an upcoming acquisition?
Need to get to grips with accounting standards?
Firms in all sectors face reporting requirements under local and international accounting standards. New to the stock exchange? For firms looking to launch an IPO, this can be particularly daunting.
How we can help
We can demonstrate how actuarial valuations can enhance your decision-making process. Specifically, we can help you prepare calculations for reporting under IFRS, USGAAP, IPSAS and others. We can help you fully understand international accounting standards and what they mean for your company.
We can also perform an ALM study to identify potential risk areas to help you reduce cash costs.
Effective reporting of employee benefits schemes
Actuarial valuations can be particularly beneficial before, during and following a merger or acquisition to help you estimate costs and integrate employee benefit schemes efficiently.
We regularly support the calculation efforts of pension funds to fulfil annual accounting requirements with regards to technical provisions and have specific expertise in helping them complete their reporting processes efficiently.
A sound solvency model
Based on our vast audit experience, we understand what auditors require and can help you provide precisely that, improving efficiency and making sure you’re well prepared for the audit process. We can work with you to make sure that your proprietary solvency calculation model is in line with requirements to allow you gain the best results for your specific insurance business, while assuring compliance. And we can support your compliance efforts toward new regulatory requirements within the necessary timeframe.
We actively support specific branches of activity, such as Belgian health insurance funds (mutuelles/ziekenfonds) and large multi-branch insurance companies with Solvency II concerns from a technical perspective.
An all-inclusive approach
Our actuarial services reach far beyond the Belgian border, enabling us to call on best practice and expertise from other specialists in the PwC network. Beyond actuarial services, we have vast industry experience and expertise in the fields of legal and taxation too. We approach each project from all angles to make sure that all aspects are addressed.
We believe in clear communication, explaining what we’re doing and how your organisation will benefit.
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