Actuarial services

We do our best to provide you with actuarial services that meet your needs. With our expert actuary team, we would like to respond to your needs by analysing your company’s data correctly

How can we help?

We can make improvements using risk management and actuarial perspectives to reach economic and financial targets by adopting a value-driven approach to the actuarial problems and needs of companies in the financial services field, and we can also turn complicated data into practical business solutions using our risk and analytical skills...

We provide advisory services to life and non-life insurance companies, reinsurers, banks, directors, regulatory bodies, intermediary institutions, offices and associations. We have a wide range of experience in domestic and foreign insurance sectors and help companies with actuarial modernisation, process improvement, risk and capital management, value analysis and financial reporting...

Actuarial Consulting for Employee Benefits


Employee benefits, as defined by accounting standards such as IFRS and USGAAP, represent obligations that companies must accurately measure, report, and disclose in their financial statements.



Our services

Actuarial advisory

We provide companies with the following actuarial advisory services

  • Best estimates for insurance reserve accounts (IBNR)
  • Pricing and reserve instrument implementation 
  • Actuarial and financial modelling 
  • Calculations of embedded value
  • Accident rate and premium insufficiency analysis
  • Financial, accounting and reporting support as per international standards; advice on compliance with standards; impact analysis and implementation and organize training
  • Responsible actuary services
  • Comprehensive audit of actuarial process and results

Life and non-life insurance companies

We help insurance companies meet their new financial reporting needs, especially in relation to financial reporting changes (e.g. reserves based on insurance agreements and principles), by assessing financial and commercial impacts of insurance and relevant legislation changes on insurance and reassurance companies operating in the Turkish insurance sector and creating implementation plans.

Risk, capital management and capital calculations in line with Solvency II

We determine insurance and reassurance company levels of preparation for compliance with Solvency II, advising on the development risk management and on regulatory changes, helping to design and implement corporate risk management frameworks, analysing expected impacts of Solvency II on companies and measuring and managing risk-based capital for a set of legal, internal and external requirements including economic capital. We help improve operations, profitability and competitive position by using analytical and simulation models.

Provisions for severanInsurance modernisationce pay

We determine insurance and reassurance company levels of preparation for compliance with Solvency II, advising on the development risk management and on regulatory changes, helping to design and implement corporate risk management frameworks, analysing expected impacts of Solvency II on companies and measuring and managing risk-based capital for a set of legal, internal and external requirements including economic capital. We help improve operations, profitability and competitive position by using analytical and simulation models.

Insurance modernisation

Important commercial and regulatory improvements require companies to improve finance, actuary, risk and capital management implementations in the insurance sector. We help insurance companies develop their finance, risk and actuarial organizations by determining the instruments, skills, competencies and resources that might help these companies reach their business strategy targets and respond to market developments effectively. We help companies measure and manage risk and optimise business performance.

Loss and insurance transactions

We increase the efficiency of operational transactions in insurance and reassurance companies, analysing unpredictable reserve development, making systemic improvements and decreasing costs by improving losses and management protocol processes.  We ensure insured persons are satisfied with loss and insurance transactions which result from technological improvements and we ensure company resources are used in the most effective way. With regard to requests and expectations from companies, we analyse the current insurance/loss processes and optimise the relevant processes by determining strategies based on the results and needs indicated by these analyses.

Contact us

Talar Gül

Talar Gül

Assurance Services Partner, PwC Türkiye

Tel: +90 212 326 6073

Oktay Aktolun

Oktay Aktolun

Risk Assurance Services Leader, PwC Türkiye

Tel: +90 212 326 6468

Devrim Alçın

Devrim Alçın

Assurance Services Partner, PwC Türkiye

Tel: +90 212 326 6070

Suncay Şentürk

Suncay Şentürk

Actuarial and Risk Modeling Service, Director, PwC Türkiye

Tel: +90 212 326 6069

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