ACTUARIAL SERVICES
Our Actuarial specialists provide advice and support to firms that need help to meet their operational and regulatory requirements.
Overview of Actuarial Services
We provide a broad range of advice and support to firms that need help to meet their operational and regulatory requirements. In many situations, actuarial advice and resource is required to dovetail with other elements of the work we undertake for clients around risk, underwriting and claims controls or environmental, social & governance.
What We Do
We are able to provide support with a range of these specialist services:
- parameterisation of capital models for firms which have Internal Models;
- standard formula calculations for those which use this approach;
- pricing and product governance;
- reserving and technical provisions analysis;
- risk analytics and ORSAs;
- portfolio optimisation;
- resourcing and training;
- capacity discussions and/or the development of new capacity arrangements.
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In addition, we support a number of MGAs with retained annual services throughout the lifecycle of a binder
We can support MGAs with a retained annual service through the lifecycle of a binder, offering fees that are agreed annually and paid monthly to help manage cashflow and provide certainty of cost.
Key Contacts:
If you would like to know more about the way we could help your firm, please speak with one of our Actuarial specialists.
Latest Case Studies
Supporting The Client With The Delivery Of A New Governance, Service And Operating Model As A Part Of A Corporate Restructure
Assisting Client With The Parameterisation Of Its Operational Risk Processes And The Redevelopment Of Its ORSA Process And Templates
Providing expert evaluation of the governance and control arrangements and identifying opportunities to materially enhance the client’s structures, composition and processes
Developing A Financial Crime Risk Assessment For One Of The UK’s Leading Employee Benefits Providers
Resourcing And Training Support For Client To Ensure They Were Adhering To All Applicable Sanctions’ Regimes And Effectively Managing Their Sanctions Exposures
Our client required an independent Board Effectiveness review in accordance with its’ three-yearly cycle
Review client’s governance, control and risk frameworks to ensure that the operating model remained fit for purpose
Assist with changes to governance, capital model, risk, compliance, operations, claims functions and frameworks
Latest Articles
PRA Business Plan: An Agenda For (International) Growth?
The PRA published its business plan earlier in April and as with the FCA, there is unsurprisingly quite a significant focus on how it will deliver its new growth objectives now these are formally in place. Kenneth Underhill and Claire King look at what’s in the 2024 plan.
Webinar Recording: The FCA Business Plan & Strategy 2024/5 – A Look At The Key Points
Watch the webinar recording from 17th April as Kenneth Underhill & Claire King explore the FCA 2024-5 Business Plan in detail, helping firms understand how they need to adapt their approach to regulatory compliance to align with the latest FCA expectations and areas of focus.
Owen Greenwood joins ICSR as Senior Operations Consultant
ICSR is delighted to welcome Owen Greenwood to the team as Senior Operations Consultant. Owen is a transformation and operations expert with extensive experience helping insurance sector clients achieve their strategic and operational goals.