General Insurance
we’ve got this one covered
General Insurance Services
Pricing
- Traditional personal and or commercial lines and London Market pricing techniques
- Stochastic pricing methods for pricing reinsurance or complex commercial risks
- Creation of pricing analytics for underwriters and management
- Creation of connected pricing models online or with full database support
- Optimisation methods for pricing and portfolio re-balancing
- Application of machine learning techniques for pricing and portfolio segmentation
Risk management and Solvency II / SAM
- Design and implementation of capital model validation
- Standard formula calculations and commonly accepted approaches
- Solvency II legislation and Internal Model Application Process requirements
- Lloyd’s and PRA reporting requirements such as Lloyd’s Capital
- Returns and Quantitative Reporting Templates
- Construction of Solvency II and SAM documents, such as policies, frameworks, logs or reports
- Effective communication of risk information from capital models or other risk indicators to Risk Committees and Boards
Reserving
- Traditional triangulation reserving models and exposure based methods when claims experience is unreliable or inappropriate
- Calculation of Technical Provisions for Solvency II and SAM
- Implementation of reserving and technical provision processes in a range of platforms
- Stochastic reserving methods including ultimate one-year reserve risk views
- Assessment of the impact of IFRS 17
Capital Modelling
- Stochastic and other non-stochastic capital modelling techniques
- Calibration of premium and reserve risk models for Solvency II and SAM
- Implementation of capital models in a range of platforms
- Methods used in the market-leading catastrophe models
- Methods used by proprietary Economic Scenario Generators (ESGs)
- Capital allocation methods
- PPO modelling methods
- Optimization of outward reinsurance
Value Added Services
- Pricing and insurance programme optimization
- Claim investigation and optimization
- Reinsurance analysis and optimization
- Reinsurance contract performance analysis
- Advanced data & analysis skills for actuarial transformation
Resourcing
- Managing and resourcing a completely outsourced actuarial function
- Management and training responsibilities of junior staff
- Actuarial function process management and implementation
- Flexible capacity means you can rely on the team to be there when needed