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Life and Health Protection Markets
The Barnett Waddingham Insurance Consulting Practice provides actuarial services to the life, health and general insurance markets. Members of our team have an unrivalled depth of knowledge and experience in Life & Health protection business to underpin the services we can provide, typically to insurers and reinsurers, for the actuarial management and analysis of insurance risk.
Our experience and services cover the full product life-cycle and actuarial control cycle for protection business. For example, recent assignments range from developing pricing bases for Group Risk cover, to product design related to Equity-Release, to advising on a reinsurance cover programme, and through to reviewing technical guides and pricing manuals, acting as an expert witness, and of course experience analyses.
Although experience analysis should be a core actuarial skill it is one that has been under-valued in recent years and we are happy to complement insurers’ in-house expertise by undertaking analyses or reviewing existing practices. In addition an independent review of experience can be particularly valued where two parties need to agree an interpretation of past experience, whether arising in a transaction, an insurer/reinsurer dispute or as the basis for premium reviews.
Our services include:
- Experience analyses and data validation
- Analysis of past trends
- Modelling future mortality and morbidity
- Quantifying and managing insurance risk
- Product design and pricing innovative benefit structures
- Modelling cashflow and capital requirements
- Premium reviews, including TCF issues
- Structuring and negotiating reinsurance cover
- … and all other aspects of the actuarial management of Life & Health Protection insurance business
For more information on these services please contact Dave Grimshaw, Rajeev Shah or Neil Robjohns.