Actuarial Services

Forvis Mazars offers you the most advanced tools and the necessary models in order to manage financial regulations and calculate their risks. In short, we help you to improve your organization’s results.

Insurance Actuaries and Professionals in Forvis Mazars are related to financial audits of insurance companies during their professional career. This quality allows them to advice their clients with a financial perspective of the insurance business.

Actuarial Services catalogue includes:

Actuarial services aimed to help Insurance Companies:

  • Assessment of portfolios or Insurance Companies (Embedded Value); advice in any of the stages of the calculation, such as methodology, establishment of hypothesis, etc.
  • Advice in ALM (ie. Assets and Liabilities Management) of your asset and liability portfolio.
  • Development of new products (price settings, technical notes, condition settings...).
  • Calculation, study, and analysis of technical provisions both for Life and Non-life insurance as well as general actuarial support.
  • Establishment of reinsurance policies.

 - Support when carrying out effective risk transfer tests.

  • Specific calculations derived from IFRS regulations such as Liability Adequacy Test.
  • Solvency II:

 - Collaboration in calculating QIS and the stress test for EIOPA.

 - Support in the preparation and revision of the internal model.

 - Support in quantifying the different risks.

 - Best Estimate of the technical provisions.

 

Actuarial Services aimed to help any type of company:

  • Advice on implementing, designing, and transforming the corporate welfare system.
  • Analysis of the financial impact in the company.
  • Selection of the insurance company of management entities.
  • Advice on contracting life and health insurance policies.
  • Financial-Actuarial revision of pension schemes, both of defined contribution and defined benefit.
  • Review of the reasonability and coherence of the flow discounts for cash generating units, based on probability models.
  • Support in carrying out efficiency test of financial instruments considered to be of coverage.

Solvencia II

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Solvencia II supone un gran esfuerzo y dedicación para la industria aseguradora europea en general y la española muy en particular, la gestión de los requerimientos de capital pero también y sobre todo para las compañías de nuestro país los requerimientos de Risk Management y gobierno corporativo imponen la necesidad en muchos casos de buscar un asesoramiento profesional de calidad que permita asegurar el éxito y la optimización en este complejo y decisivo proceso.

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IFRS 17

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En los próximos años se espera la transposición de la actual norma internacional de contabilidad “IFRS 17”. Bajo esta nueva norma, los criterios de medición y contabilización de los pasivos de seguros cambian de manera fundamental

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