The 1,600 professionals on PwC's global actuarial services team help clients act decisively on their most important issues. Our Actuarial team in Luxembourg is well equipped with global expertise and experience to help businesses address the encountered risks as well as support them in their growth strategy for a sustainable value creation.
We have the ability to process, manipulate and analyse large volumes of data, interpret and translate the results into findings and conclusions that are more accessible to you. We can help you to implement, test, provide our expert view or improve your documentation related to the new implemented actuarial technologies within your firm.
We can demonstrate how actuarial valuations can enhance your decision-making process by helping you to understand international/local accounting standards and what they mean for your company.
In order to drive maximum value for our clients, we invest significantly in data analytics and modelling infrastructure to improve efficiency when providing services to our clients.
Employee Benefits recognition, classification and valuation
Valuation of Defined Benefit pension obligation
Implementation of PwC award winning software 'IFRS 17 In a box'
Training focusing on raising the awareness and on expert upskilling
Complex analysis of the company identifying strong and weak spots in IFRS 17 implementation (GAP analysis)
Accounting and actuarial impact of IFRS 17 implementation simulated on a sample product
Preparation and design development of the IFRS 17 regulatory documentation
IFRS 17 software vendor selection process market analysis and walkthrough
Review of the SFCR in terms of regulatory requirements
Internal model validation and regulatory approval process assistance
Design and implementation of risk management framework compliant with Solvency II requirements
Optimisation of SCR calculation
Complex analysis of the company identifying strong and weak spots in Solvency II reporting
Expert view on technical provisions: assumptions, methodology and results
Optimisation of internal processes and controls
Independent projection of outstanding claims reserves, prudential margins and IBNR provisions
Provide support in development of business oriented risk strategy
Help you set an effective risk appetite framework by summarising points in favour, provide you with our view, give you concrete examples and suggest a forecast based on the trajectory of regulation and trends in the insurance industries.
Provide you with risk mitigation solutions
Provide an expert view/advice
Review of the ORSA report and ORSA written procedure in terms of regulatory requirements
Optimisation of the the ORSA process
Design and implementation of pandemic scenario in ORSA
Dynamic hedging strategy modelling for complex insurance projects such as participating products and variable annuity products
Complex risk distribution modelling including interest rate risk, credit risk, equity risk, property risk, currency risk, mortality risk, longevity risk, morbidity risk, surrender risk
Provide opinion on diverse actuarial and data science predictable models and review the assumptions
Support you in building documentation inline with regulatory requirements
Product pricing, customer stratification, and customer behaviour analysis by statistical model (significant variables analysis for customer behaviour)
Enterprise positioning and market analysis (trend, profitability, competitors, saturation)
Provide solutions to non-standard products
Boost growth through strategic pricing models and data-driven marketing
Quickly identify future markets and the best areas for new investments
IFRS 17 Insurance contracts
Solvency II framework
Occupational pension schemes under Lux GAAP and IAS 19 Employee benefits
Actuarial capital valuation techniques
Actuarial modernisation "Actuary of the future"
Enterprise risk management (ERM)
Improving your Mathematical Provisions calculation process (suggestion of new tools available in the market)
Setting up control environment
Fast close and YE close assistance
Review of assumptions and methodology in accordance with company guidelines and regulatory requirements
Appraisal value evaluation and review
Local GAAP analysis, expert view/opinion and assistance in implementation
Actuarial reporting under local regulation
Insurance products technical notes