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Barnett Waddingham
0333 11 11 222
We offer a full range of actuarial and risk management consultancy services to life insurers - ranging from traditional actuarial areas such as reserving to new and developing areas such as validation and ORSA embedding.

We work with the full range of life insurers, ranging from niche providers, friendly societies and Lloyds’s life syndicates to FTSE 100 and global insurance companies. We listen and tailor our approach to reflect the size and complexity of our clients and to ensure our solutions are suitable for the risks and issues they face.

 

  • Reserved roles – we are experienced in fulfilling a wide range of reserved roles including Chief Actuary, Actuarial Function Holder, Appropriate Actuary, With-Profits Actuary, Reviewing Actuary and Signing Actuary roles
  • Solvency II calculations – we have significant experience in supporting clients with their Solvency II capital calculations either through undertaking the calculations for them or reviewing their calculations to provide assurance on the methodology, approach and implementation.  Our market leading SIImplify tool provides those insurers wishing to calculate their own Solvency Capital Requirement with a cost efficient Excel based tool to do this backed with our high level of customer service. 
  • Peer review – as well as providing the actuarial function for companies, we can support internal function by providing independent peer review, challenge and expert input.

  • Validation – providing specialist resource to support life insurers validate their internal (or partial internal) model.  We provide both specialist validation knowledge and experience along with specialist technical knowledge in areas such as longevity risk and market risk.
  • ORSA – we are experienced in helping life insurers develop and embed their ORSA process and report so as to ensure that these deliver value from day one.  We have developed a range of tools and techniques to help life insurers implement their ORSA in a time and cost efficient manner recognising that one size does not fit all. 
  • Risk and internal audit co-sourcing – we have significant experience in supporting a number of life insurers and other professional services firms in providing specialist actuarial resource in a cost efficient manner to support risk functions or internal audit departments on a co-sourcing basis. 
  • Risk outsourcing – we can provide an outsourced Risk Function and / or a Chief Risk Officer

Related knowledge and resources

Blogs

  • Picture for Q.R.T? N.S.T? H.E.L.P!
    Q.R.T? N.S.T? H.E.L.P!

    Struggling with the Solvency II quantitative reporting templates (QRTs) and UK National Specific Templates (NSTs)? John Hoskin sets out the information that firms need to consider when completing their submissions.

  • Picture for It’s disclosure Jim, but not as we know it
    It’s disclosure Jim, but not as we know it

    The majority of insurers will soon be publishing their first Solvency and Financial Condition Report (SFCR). We take a look at the SFCR’s published by firms with non-December year-ends and highlight lessons to be learnt.

  • Picture for 2016: Year of the Why?
    2016: Year of the Why?

    Scott Eason looks back on another Solvency II driven year and wonders if 2017 will be different.

  • Key regulatory updates: Life and General Insurance late 2016/early 2017

    In case you missed anything amid the rush to prepare for and get stuck into year-end reporting, this newsletter highlights the main points from some of the key regulatory publications between the period 1 October 2016 to 28 February 2016.

  • Key regulatory updates: Life and General Insurance Q3 2016

    Keeping abreast of the latest regulatory developments can be challenging at the best of times. Our newsletter is here to help, drawing out the main points from some of the key regulatory publications over the period 01 July 2016 to 30 September 2016.

  • Solvency II disclosures

    It may feel like there’s plenty of time before the Solvency and SFCR and RSR submission deadlines, but the scattered nature of the regulation and the high volume of information required make the task of preparing the reports far from trivial.

  • Picture for With Profits Survey
    With Profits Survey

    This is the third investigation Barnett Waddingham has conducted into the investment strategies of UK with-profits funds.

  • Picture for With Profits Survey
    With Profits Survey

    This is the second investigation Barnett Waddingham has conducted into the with-profits investment strategies of directive insurers that are full members of the Association of Financial Mutuals.

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