As one of the UK’s largest Actuarial practice and the market leaders in Actuarial services, we provide insights and solutions for all businesses that face significant and complex risks, not just insurers.
We play an important role in supporting clients through uncertain times. We analyse how future events could affect them and calculate the impact on their business. Using our risk and analytical skills and predictive insights, we calculate the impact of changing demographics or legislation on pension schemes, the effects that changes in financial markets have on different organisations, or how likely a business is to be hit by an earthquake.
Find out more about life on the Actuarial graduate programme
Kirstin, Mark and Luca tell you what about their career in Actuarial Services.
Actuarial Services in Risk Modelling Services
Our Risk Modelling Services Actuaries sit within our Risk practice. We play a leading role in revolutionising the way we support clients through uncertain times. We’ve invested in technology that enables us to uncover valuable financial analysis, provide even better insight to our clients, and work collaboratively across the UK and the world.
We advise our clients, both insurance and non-insurance on solvency, reserving, economic capital, risk management, mergers and acquisitions, company restructuring and de-risking, financial modelling, underwriting, new legislation, the visibility of new products and the efficiency of claims or reporting processes.
Our services include:
Life Insurance - we work with life insurance companies to assess their economic, demographic or policyholder behaviour risks. After estimating the future impact, we advise and implement new ideas to manage these risks.
General Insurance - from homes to hurricanes, we work with general insurance companies to calculate the impact of events. These could include anything from car and home insurance, to far-reaching events like natural catastrophes, terrorism or even cyber-attacks.
Banking - we’re one of the fastest growing areas of Actuarial Services. We work with investment and retail banks t o provide insight into the risks they face and advise on how to manage these.
Non-insurance - we stretch the traditional boundaries of actuarial work by helping corporates enhance their business forecasting capabilities to inform their strategic business decisions. Our non-insurance clients, both public and private sector range from hospitals, health services, to energy providers and airlines.
Actuarial in Workforce
Our Workforce Actuarial practice is strategically placed as part of our wider Tax practice which provides opportunities for cross-working and collaboration. There are two specialist teams you could join which include:
Pensions - our clients range from large multinationals to pension scheme trustees, and from public sector organisations to privately listed businesses. Using our market-leading pensions analytics tools and range of expertise, we advise clients on different ways to reduce the shortfall in their defined benefit pension schemes, reviewing their investment strategy and financial risks, or designing new options and plans to help their employees save for retirement.
Reward and Employment - we help our clients incentivise and reward their employees in the most effective way for their business. We advise clients in this complex and challenging area, using financial modelling and analytical techniques to develop and test reward structures that support business strategy, drive appropriate behaviours, and are considered fair to shareholders and employees alike.
Why Actuarial at PwC?
We’re unique in our ability to work collaboratively with experts across our multidisciplinary business - from Tax, Accounting, Regulatory, Business Recovery and Deals. Unlike traditional Actuarial firms where you may discover limitations to the variety of work or the technologies available, our Actuarial practices offer a diverse range of engagement opportunities and innovative technologies to work with.
We’re a blend of actuaries, data scientists and advanced analytics practitioners who support one another's development to become accomplished consultants, not just technically strong analysts. Together, we draw on the experience of our colleagues in other business areas to offer streamlined solutions to our clients.
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