Investment issues are increasingly important to insurer profitability and risk management. Yields are low and returns on different asset classes are volatile. Solvency II introduces 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.
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.
EIOPA is not expected to offer any further clarity in terms of applying proportionality to the principle of look-through of assets. Scott Eason looks at a recent Investment Association seminar to see what other European practitioners are doing.
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.
We welcome the effort that the FCA has put into the TR16/2 review. Focusing on good customer outcomes has always been important for well-run life insurers and we agree on the importance of considering all customers throughout the duration of their policy.
The FCA issued Thematic Review TR16/2, 'Fair Treatment of long-standing customers in the life insurance sector' on 3 March 2016. The work by the FCA in this area has the scope to have considerable impact on the industry as a whole.
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.