Life insurance companies

The Actuarial Services Group of KPMG in Russia has extensive experience in providing services to life insurance companies in Russia and the CIS, including regular valuation of reserves as part of audit and advisory engagements, consulting on the methodology and organization of provisioning in accordance with IFRS, US GAAP and IAS, implementing of IFRS 17, etc. 

Our services

  • Analysis of adequacy and calculation of life insurance reserves to deal with the capital distribution objectives
  • Assistance in the development and pricing of new and existing life insurance products
  • Profit testing and sensitivity analysis for current and new products to assess an optimum balance between the profit margin and capital adequacy requirements
  • Actuarial support of mergers and acquisitions, and due diligence of the buyer or the seller

Benefits to the client

  • An independent valuation of reserves, analysis of their adequacy
  • Compliance of all insurance policies with all statutory requirements
  • Control of product profitability and changes therein when affected by various scenarios
  • Robust insurance portfolio which does not require any additional financial inflows
  • Optimal product pricing