Our Insurance Advisory Team at Deloitte Actuaries & Investment Specialists offer a wide range of actuarial services to life and general insurers, as well as public sector insurance schemes.offer
Our team offers strategic and practical solutions to help insurers navigate the complex landscape of the insurance industry. Our focus areas include:
- (Post) IFRS 17 Transformation – As part of the global consulting firm, we have completed over 100 IFRS 17 projects using multi-disciplinary teams and have developed an extensive suite of thought leadership material and IFRS 17 tools and accelerators to support implementation activities.
- Technical support around actuarial roles – Ranging from traditional support such as pricing, valuation and reserving techniques, ICAAP and capital management to Appointed Actuary and expert witness roles.
- Strategy, product & distribution – Such as M&A support and market entry. We work closely with our corporate finance colleagues to provide an end-to-end strategic review and buy/sell side services to insurance
clients. We assist existing insurers with new product design including customer
needs analysis, strategic positioning and market entry distribution approaches.
- Claims Handling - In the general insurance
sector, we offer fraud and leakage analytics and remediation support. We also extend this to life insurance and superannuation fund operational claims handling reviews.
- Group risk insurance - In the life insurance
sector, we offer support with tender management, fund member design and pricing support. These
services are provided to direct insurers and reinsurers providing insurance to
fund members, and to superannuation funds in meeting their member best interest
duties.