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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.

  • 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. 

  • 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.
  • Excel model control -  EASA is a software tool which allows insurers to place their excel models into a secure and robust environment.  We have experience of helping insurers use EASA to ensure that their complex commercial pricing models are operated within a secure environment whilst ensuring that the original Excel model functionality remains unaltered.

EASA for Excel

EASA moves your Excel models into a web based system, with full database connectivity faster than any other solution

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A pillar to pillar solution

SIImplify enables you to calculate and report Solvency II SCR figures accurately in a user-friendly, robust and auditable manner.

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Related knowledge and resources

Blogs

  • 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.

  • Actuarial Function Structure Survey 2015

    There has been much debate as to the role and responsibilities of the Solvency II Actuary and how actuarial departments should be structured. In the Autumn of 2015, we carried out a survey to see how UK insurers have addressed the challenges.

  • Continuing to grow our general insurance consultancy

    We are very pleased to welcome Jagdeep Lall to our growing general insurance team. Jagdeep joins us as a general insurance consultant and will be advising clients of all sizes on a range of actuarial issues, including the Solvency II regime.

  • Life insurance consulting team grows with two new appointments

    We are delighted to announce the appointment of David Gulland and Tom Cannings to join our life insurance consulting team, as the firm continues to grow the breadth of life services we offer to insurance companies.

  • With Profits Survey 2015 results revealed

    Our With Profits Survey 2015, has found that almost 40% (17) of mutual insurers’ with-profits funds outperformed all of the largest proprietary firms’ with-profits fund returns in 2014.

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