Investment issues are increasingly important to insurer profitability and risk management. Yields are low and returns on different asset classes are volatile. Solvency II introduced the Prudent Person Principle and requires firms to identify, measure, monitor, manage, control and report their investment risks. This requires all firms to have access to investment expertise to challenge asset managers and to have appropriate governance and reporting frameworks in place.
We provide a market-leading range of insurance specific advice on investment issues and can also provide investment governance support through our outsourced investment function offering. We have insurance-specific investment experts as well as being able to leverage the wider experience of our Investment Services team.
In addition our SCR calculation tool, SIIMPLIFY, can be used by Chief Investment Officers and Asset Managers to quickly assess the SCR of a particular fund or change in strategy.
Clients range from small to medium firms looking for a full range of expert advice and support to the largest firms who are typically looking for independent expert input and review.
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.
Our annual investment conference took place in January, with our much anticipated keynote speaker, Alastair Campbell, sharing his views on current political themes, all of which will be the major force on investment markets during 2017.
Our annual report on with-profits investment performance and strategy contains information on one-year returns over 2015 and trends in asset allocations. This blog focusses on the three-year performance figures to best judge funds on their performance.
Should bulk annuity purchases be of interest to more schemes? With 132 transactions in 2017, this is small compared to the 5,700 UK DB pension schemes. Are schemes missing a trick, or does bulk annuity purchase only make sense in a minority of cases?
The use of LDIs, by which we mean the practice of using leverage to reduce the exposure of a pension scheme's funding position to interest rate and inflation movements, has become increasingly commonplace in pension schemes' investment portfolios.
In this paper we demonstrate the importance of governance and explain how taking the time to ensure you have strong governance in place will bring real benefits.
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.
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.
We have promoted three of our associates to the position of partner, taking the firm’s total number of partners to 64.