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Actuarial & Insurance Solutions

Welcome to Actuarial & Insurance Solutions, where we solve complex business challenges.

We are the leader in actuarial consulting in Poland and Central Europe. During projects, we cooperate on a daily basis with colleagues from Deloitte offices in Central Europe, Germany, Austria, as well as from Scandinavia, Great Britain, Portugal, Hong Kong, USA, Canada, Italy and Cyprus among others, sharing experience and practical knowledge. Our team consists of a large group of experts with extensive knowledge in the areas of: actuarial science, finance and accounting of insurance companies, insurance processes and risk management.

Deloitte cooperates with most insurance companies and insurance/ banking-insurance groups operating in Poland. Our team advises clients on implementations of new regulations including ESG, IFRS 17, Solvency II, Guidelines/ Recommendations of the Polish Financial Supervision Authority (PFSA or KNF), IDD, financial audits, actuarial modelling, insurance products development and pricing, actuarial Due Diligence for the M&A purpose, reinsurance programs, as well as in the area of insurance processes and data science.

We provide services in life, non-life and health insurance as well as employee benefits and social security.

Below is a list of the services we offer to our clients.

Please note that this is not an exhaustive catalogue - we prepare solutions tailored to individual business needs.

  • IBNR,
  • Life insurance provision,
  • Annuities Reserves.
  1. Reinsurance
  2. Social security and employee benefits modelling:
    • Calculation of employee benefits according to International Accounting Standard 19 (IAS 19) and US GAAP,
    • Analysis and simulation of pension systems,
    • Advisory on pensions plans.
  3. Risk Managment
    • Independent review of risk management framework,
    • Development of ORSA process and reporting.
  4. Insurance processes:
    • Claim handling process review,
    • IDD implementation,
    • Review of the technical provision calculation process,
    • Review, creation, redesign, and documentation of finance, accounting and investment processes to optimize and meet regulatory requirement,
    • Review and development of pricing processes,
    • Automation and improvement of reporting processes, support in creating automated analytical reports.
  • Assistance in establishing business contacts with Polish companies, product creation and pricing,
  • Analysis of sales, distribution channels and administration,
  • Assistance in obtaining permits and developing business plans,
  • Development of simulations, business plan and actuarial assumptions required to apply for a Business License.
  • Outsourcing of selected processes (including Actuarial Function).
  • Creation of investment strategies.
  • M&A services, including actuarial Due Diligence
  • Development of data frameworks and IT systems.
  • Insurance company valuation for M&A and reporting purposes.