We help clients to navigate these complex issues, delivering clear advice and real-world solutions based on our extensive experience of the insurance sector.
Barnett Waddingham’s services for insurers are built around seven specialist areas:
Providing specialist skills in core actuarial areas including reserved role work, Solvency II calculations, and independent expert work as well as in the developing risk fields of model validation, ORSA and risk and internal audit co-sourcing. In addition our life and non-life actuarial and risk management teams manage our market leading SIImplify tool which provides those insurers wishing to calculate their own Solvency Capital Requirement with a cost efficient Excel based tool to do this.Read more
Providing core actuarial specialisms in reserving, Solvency II calculations and pricing and risk expertise in capital management and model validation. In addition our life and non-life actuarial and risk management teams manage our market leading SIImplify tool which provides those insurers wishing to calculate their own Solvency Capital Requirement with a cost efficient Excel based tool to do this.Read more
The introduction of Solvency II has led to insurers reflecting on their businesses and available capital. We have seen numerous consolidations, sales and launches of product lines and risk transfers. Insurers are also investing in improving their customer engagement.Read more
Providing a market-leading range of insurance specific advice on investment issues including manager selection and benchmarking asset allocation advice. In addition we can provide investment governance support through our outsourced investment function offering.Read more
Providing a range of insights and modelling support on mortality, morbidity and longevity risk for insurers through our specialist longevity consulting practice. In addition we can provide specialist model validation services to insurers looking to validate their longevity modelRead more
We build a bespoke team based on your exact requirements. Our partner-led approach means you will have access to senior knowledgeable consultants who will remain personally involved at all levels of the work.
Our growing client base covers a broad range of life and general insurance companies, from niche insurers to FTSE100 firms and global insurers.
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!
More than half of UK life insurance companies (59%) will spend more on actuarial consultants in the next year. However, inherent weaknesses in the procurement process presents obstacles to achieving better outcomes and value for money.
On 14 November 2018, the IASB announced a deferment of the IFRS17 implementation date by a year, with some still calling for a two year delay.
Will recently proposed regulatory changes in respect of equity release mortgages affect the solvency of insurers?
The House of Commons Treasury Committee published its report on “The Solvency II Directive and its impact on the UK Insurance Industry” on 25 October 2017. So, what did it find? Our briefing note explores.
We look back over the now almost-forgotten spring and the long-hot summer (if only!) to highlight main points from some of the key regulatory publications over the last six months.
The insurance team will be spreading the word on how to improve the writing process of reports and make long, technical and “boring” reports a thing of the past.
In this webinar we will demonstrate how easy it is to create Key Information Documents (KIDs) for Packaged Retail and Insurance-Based Investment Products (PRIIPs), in line with the new regulations coming into force on 1 January 2018.
Currently most models are run in Microsoft Excel with data being sent back to a relational database such as a SQL server. We will discuss the latest thinking around the underlying data model, with a particular focus on adopting noSQL databases.
Pressure is mounting on the life insurance market to become more efficient and offer value to shareholders and customers. As a result, life insurance companies are turning to third-party actuarial consultants. How can this process be improved?
Our fifth annual UK with-profits investment survey shows that average performance over the past five years has exceeded benchmark returns. Our research helps insurers understand the drivers of performance.
A recent investigation by Barnett Waddingham has uncovered significant inconsistency in the investment performance of UK with profit funds
We jointly advised trustees and company on a medically underwritten pensioner buy-in achieving very significant savings of >10% relative to traditional approach – successfully securing around £25m of the pensioner liability at no additional funding cost.
Barnett Waddingham purchases ANNalytica™ to enhance the software solutions suite it offers to the insurance industry.
Last night, Barnett Waddingham won the organisation award for ‘Supporting Development’ at the Professional Pension's 'Rising Star Awards’!
According to a new report, ‘Perspectives on Value’, spending on consultants by insurance companies is expected to rise over the coming year. The report cites complexity and structural challenges as the primary drivers behind the forecasted increase.