We can provide a wide range of actuarial support for general insurance companies, including the provision of an experienced actuary who can perform the Chief Actuary (general insurance excluding Lloyds) role for your company.
We can carry out the calculation of IBNR and other claims reserves, Technical Provisions, Solvency Capital Requirements, stress testing implications and pricing exercises or we can review the calculations carried out internally. We will see ourselves as part of your team.
We have a thorough understanding of the issues affecting actuarial teams in small general insurance companies and can offer services to meet your needs.
We can provide the PRA Chief Actuary role including presentation of the Actuarial Function reports to the Board for general insurance companies (excluding Lloyds).
We understand the requirements for the calculation of Technical Provisions and can advise the Board on the appropriateness of the methodology used to calculate Solvency II Technical Provisions, Unearned Premium Reserves, IBNR and OSCR.
We can calculate the required claims reserves and Solvency II Technical Provisions for you.
We have experience in pricing a range of general insurance products.
We can either help firms calculate the Solvency II Solvency Capital Requirement (SCR) or review the internal assessment of the SCR. We can help firms prepare their ORSA including their forward looking assessment and help in governance issues including leading discussions on the reverse stress tests.
We work well with other professionals generating the right team spirit to achieve the tight deadlines required by the PRA for annual and quarterly reporting including the production of reporting templates. We ensure that our reports fit into your business and not the other way around.
We provide tailored support for completing your SFCR and RSR. This can range from supplying the actuarial input into the reports to completing large sections of the narrative.
We can produce or review documentation in relation to Technical Provisions, ORSA, SCR and Actuarial Function Report.
We can assist with the assessment of data to ensure that it meets the Solvency II complete, accurate and appropriate requirements.