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
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
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
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.
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.
In his latest blog, Michael Crawford explains why the use of data analytics to help drive strategies is one of the key differentiators which will help companies to survive.
In our latest blog Jagdeep Singh Lall suggests practical approaches to meeting the feedback suggestions which category 5 insurers should consider when next reviewing their ORSA.
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.
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.
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.
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.
Barnett Waddingham and SolvencyIISolutions present SIIMPLIFY (Pillar 1 standard formula Solvency Capital Requirement tool) and Tabular (Pillar 3 reporting tool).
This is the third investigation Barnett Waddingham has conducted into the investment strategies of UK with-profits funds.
This is the second investigation Barnett Waddingham has conducted into the with-profits investment strategies of directive insurers that are full members of the Association of Financial Mutuals.
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.
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.
Barnett Waddingham has announced the promotion of three of its staff to the position of partner and 15 to associate, ensuring continued business growth and success.
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.