Actuarial risk

Insurance risk management can be transformed into a strategic advantage that drives value and earns trust.


Insurance executives face unprecedented issues that require sophisticated capabilities to help anticipate, navigate, and balance risk.

Risk management can be transformed by enhancing approaches to risk and capital-management, embedding risk management capabilities throughout the business, and leveraging advanced digital solutions in strategic planning and decision-making.

KPMG can help guide this transformation because we have the skills and experience needed to navigate industry dynamics. Our team is comprised of insurance industry veterans, including former company executives, regulators, technology specialists, underwriters and actuaries. We deeply understand the challenges you face.

The KPMG approach to risk in the digital era can help enhance your corporate strategy and performance, while inspiring trust in all corners of your organization.  

KPMG’s targeted services can help insurance companies in the following areas:

  • Accounting change support (including Long-duration Contracts, International Financial Reporting Standards 17, Principle-Based Reserving
  • Actuarial Transformation
  • AXIS & Prophet model development, remediation and optimization
  • Process automation
  • Reporting strategy, design, and implementation
  • Assumption governance, development and management
  • Target Operating Model review
  • Data:  strategy, analytics, AI and risk management
  • Capital management
  • Model risk management
  • Captive strategy and support
  • Statements of Actuarial Opinion
  • Managed services
  • Risk services including internal audit support, risk governance and controls



Our people

Laura Gray

Laura Gray

Principal, KPMG’s Insurance Accounting Change Co-Lead, KPMG US