Life at Deloitte

Actuarial Insurance

Student opportunities in Consulting

The Actuarial Insurance team provides a premier actuarial service across Life Insurance and General Insurance with a reputation for outstanding technical quality and thought leadership. As a graduate, you may work on a range of projects across our various propositions.

Core Actuarial

We provide a full range of core actuarial and assurance support to firms, both in the UK and globally. This includes the following services, specific to each of life, health and general insurance:

Life and Health Insurance

  • Actuarial Function Holders
  • With Profit Actuaries
  • Solvency II internal model validation
  • Training and EV reviews for life and health business
  • External and internal actuarial audit support

General Insurance

  • Lloyd’s Statement of Actuarial Opinion (SAO) for regulatory purposes
  • Independent review of reserving methodologies and assumptions
  • Reserving process health check
  • Independent estimation, review and validation of Solvency II Technical Provisions
  • Reserve uncertainty quantification for IFRS, Solvency II and capital purposes
  • Solvency II internal model validation
  • External and internal actuarial audit support

Transformation

Due to regulatory pressures or a desire to develop and retain talent and manage costs in a competitive market, our clients may wish to improve the performance of their finance, risk and actuarial functions.

Our experienced practitioners design and deliver the large scale and complex changes needed for this sort of transformation. Our multi-disciplinary approach, combining experts from actuarial, finance, risk, technology and data management, means that we can develop and deliver whatever solution is required to meet business objectives.

Financial Risk Advisory

The role of the Risk function in financial services companies is now more important than ever – and insurance is no different.

As a firm, Deloitte offers a full range of services to Risk functions and Chief Risk Officers covering risk strategy; governance and culture; business and operating model and data, analytics and technology.

Our AI practice covers this range of services with a particular focus on financial risk, working closely with the Risk & Regulation practice to provide broader technical insight and experience.

M&A Investment Advisory

The insurance market continues to change in reaction to competition, regulation, consolidation and capital pressures resulting from SII. This has driven unprecedented levels of M&A activity and at the heart of these transactions are complex actuarial appraisals. Our highly skilled and experienced team of actuaries has a track record of delivering high quality diligence and insightful analysis both in the UK and cross border. Whether working standalone or as part of a cross functional team, our focus is on the commercial aspects of a deal delivered in a structured and disciplined way.

In addition to M&A we are involved in all aspects of corporate activity ranging from advising start-ups on their authorisation process through to providing Independent Expert services to the Courts as part of a Part VII or Schedule 5 scheme of arrangement. We have a wide range of skills relating to restructuring businesses, group capital optimisation, liquidity management and extracting value using capital markets techniques such as VIF securitization.

Regulatory

We are a team of regulatory experts who, in conjunction with the Deloitte EMEA Centre for Regulatory Strategy, keep abreast of the relevant regulatory developments across financial services and advise clients on what the various proposals might mean for their business – whether that be at a strategic, tactical or operational/process level.

Through our client support, as well as wider industry networking, we maintain an in-depth understanding of the different approaches being taken by firms in response to regulatory change and use this to enrich the insights we bring our clients.

Technology

The role of technology is now more important than ever for actuaries. Deloitte offers a full range of technology services, both in the UK and globally, to provide clients with innovative solutions to support their finance, risk and actuarial functions. Our multi-disciplinary approach, combining experts from actuarial, finance, risk, technology and data management, means that we can develop and deliver whatever solution is required to meet business objectives

Extended Delivery Team (EDT)

The extended delivery team (EDT) is an offshore team based in South Africa. The team is part of Actuarial Insurance (AI), and you will have the opportunity to work with them. All recruitment for this team is done through Deloitte South Africa.

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