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

We work with non-life insurers across the industry, ranging from the niche captives to some of the largest London Market insurers. We listen and tailor our approach to suit the size of our clients and to ensure our solutions are suitable for their risks and issues they face.

Specific expertise in our actuarial practice

  • Reserving – we have extensive experience in reserve reviews and providing a Statement of Actuarial Opinion. In addition we are currently advising clients on producing technical provisions on a Solvency II basis. 
  • Peer review – as well as providing the actuarial function for companies, we can support an internal function by providing independent peer review, challenge and expert input.
  • 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

Specific expertise in our risk management practice

  • Validation – providing specialist resource to support non-life insurers validate their internal, partial internal and standard formula model.  We provide both specialist validation knowledge and experience along with specialist technical knowledge in areas such as premium and reserve risk.
  • ORSA – we are experienced in helping non-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 non-life insurers implement their ORSA in a time and cost efficient manner recognising that one size does not fit all. 
  • Capital management – we can help non-life insurers to understand their capital position. By designing capital models and performing stress and scenario tests, we can help insurers to understand their risks and assist with strategic decision making.

Related knowledge and resources


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    Climate Change Risk – what now?

    You must have heard about Climate Change lately – it has made an appearance in various publications from the PRA, FCA and EIOPA. Here at BW, we’ve been giving it a lot of thought too!

  • Picture for Take control of your DB transfer strategy
    Take control of your DB transfer strategy

    Did you know that one of the most significant trends emerging for employers who sponsor a DB pension scheme, was the rise in transfer values paid out to scheme members who have yet to draw their pension?

  • Picture for Are transfer values cost effective for companies?
    Are transfer values cost effective for companies?

    Our latest blog discusses and comments on defined benefit (DB) to defined contribution (DC) transfer values, including analysis of ACA survey results.

  • 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.

  • Achieving higher returns with lower risk

    We were appointed to advise a client with ~£400m of assets in 2015 and this case study sets out how we worked with the trustees and employer to ultimately reduce risk and increase expected returns while working towards an agreed objective.

  • An out of control deficit

    We provide a regular funding and investment monitoring service to the trustees of a £40m scheme. We were asked to review the funding and investment strategies of the scheme, in particular with a view of reducing the risk of the deficit increasing further.

  • Contingency planning in action

    A client was looking to develop a financial management plan for the scheme, targeting a fully de-risked and liability matched investment strategy and moving on to buy-out. The plan aimed to strike a balance between reducing risk and business needs.

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