Helping insurers' success, from strategy through execution.
As the leading provider of professional services to insurance organizations, PwC has extensive knowledge of the issues, trends and challenges that insurers face.
The insurance industry is undergoing fundamental transformation as it comes up against the impact of new regulation, new technology, accelerating shifts in consumer demand and mounting competition. In the face of so many disruptive challenges, it’s important not to lose sight of the huge opportunities they’re creating for insurers.
To make the most of these opportunities, we can help organizations look beyond the traditional boundaries of the insurance business to embrace new ways of working, new ways of interacting with customers, and whole new possibilities in what their business can deliver.
As part of PwC's actuarial network in Europe, the PwC Turkey actuarial team is able to serve you on a variety of issues such as reserve calculations, compliance, pricing and risk management.
Our services to insurance companies
Our other services:
Solvency II is an EU insurance regime aimed at creating a single insurance market and insurance regulation within the European Union. Solvency II also provides essential changes for the capital adequacy calculations and the corporate governance and risk management of companies. According to Solvency II, companies are obliged to measure their assets and liabilities on a risk-based basis. Moreover, companies have to establish key functions such as risk management, actuarial, internal control and internal audit under corporate governance principles and integrating them into decision making mechanisms.
In order to integrate Solvency II into the business model, it is necessary to fulfill the obligations of data quality, system and process, corporate risk management and transparency issues, and this requires significant time, investment and resources.
PwC Turkey's Solvency II specialists add value to your business with an overview of current situation and determination of a roadmap for compliance, risk-based capital calculation, preparation or review of the QIS 5 studies in accordance with the technical documentation, specific training on Solvency II, establishment of corporate risk management systems and its integration with the business model.
The services we offer under “Risk Assurance Services” focus on the risks of insurance and pension companies and the development and enhancement of basic controls related to their process and technology structures applied to manage these risks, and therefore a more effective management.