We always look to deliver clear and pragmatic advice based on robust analysis commensurate with the end-purpose and the strengths and limitations of the available data.
For advice on best estimates of current mortality we combine the results of experience analysis with estimates derived from consideration of the socio-economic, geographic and lifestyle profiling of the specific portfolio, whilst also taking account of other relevant studies and wider populations.
We also have considerable knowledge and experience in analysing past mortality change and modelling future mortality improvements using formal mathematical models and more subjective approaches, informed by expert opinion.
Much of our work is project-based and we undertake assignments for insurance companies, reinsurance companies, investment banks and pension schemes.
Ongoing clients include the Continuous Mortality Investigation (CMI) and the Life and Longevity Markets Association (LLMA). The CMI has been a major client for over 20 years and our role includes data collection and analyses for the CMI life office and SAPS investigations and supporting the development of the CMI Mortality Projections Model.
We also act as a centre of excellence for actuarial teams in Barnett Waddingham, helping them to provide expert advice to their clients.
Stochastic models and Solvency II - we helped a major insurer to review existing stochastic longevity models and to select and adapt one model for use in calculating its capital requirements.
For a recent survey, Barnett Waddingham gathered information on Solvency II capital requirements for longevity from eight internal model firms and we found significant variations in assumptions.
Our recently released report on the state of play in the bulk annuity market, Barnett Waddingham’s Bulk Annuity Annual Report 2016, examines the latest developments in the market.
Scott Eason and Michael Henderson explore the potential implications of the PRA’s announcement to undertake a review of Equity Release Mortgages.
Projecting mortality trends is inherently uncertain and limited data makes this even more challenging. Can analysis of past trends in international data help us to better predict future trends in UK mortality rates?
In this Spotlight we analyse recent mortality improvements by cohort, including by cause of death, and assess the implications for pension and annuity portfolios.
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.
Barnett Waddingham is delighted to have been named Third-Party Administrator at this year's Professional Pensions UK Pensions Awards.
Sunday 10 April saw the Amersham office host it's inaugural tea party for Contact the Elderly, entertaining a group of very happy attendees with tea, cake and plenty of cheerful conversation.
We are delighted to have been awarded the Institute and Faculty of Actuaries' (IFoA’s) Quality Assurance Scheme (QAS) accreditation.
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