Risk Management

Experts

Empowering your leadership team with expert risk management guidance from trusted professionals

Enterprise Risk Management Risk Mitigation and Control Risk Monitoring and Reporting

About Us

We know Risk. We are Actuaries.

Beyond helping to understand the technical and analytical drivers underpinning an insurer’s risk landscape, we offer strong commercial and strategic insights to help join the dots and create solutions that are appropriate for your business.

Our independence allows us to provide impartial advice to non-life and health insurers all around the globe, from London to Bermuda and beyond.

Whilst Risk is the name of our game, it would be remiss of us not to highlight our broad repertoire of actuarial services spanning Reserving, Pricing, Portfolio Management, Reinsurance Optimisation, Experience Analysis, Product Development and Competitor Benchmarking. Please contact us to discuss your organizational needs and we can provide a no obligation assessment.

Our Services

Services spanning the entire Risk Management spectrum

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Enterprise Risk Management

We can help establish an effective risk management framework by adopting a structured approach to identifying, assessing, managing, and monitoring the risks faced by your organisation. By implementing a robust framework, we can protect our client’s solvency from undue volatility, ensuring compliance with regulatory and legal requirements, and preserving stakeholder trust.

A fully integrated risk management framework needs to achieve a harmonious partnership between a sound risk governance structure and a comprehensive suite of policies and procedures, which outline how risks are identified, assessed, mitigated, and reported. An effective risk management framework will ensure consistency and compliance with your organisation’s financial and strategic objectives and help embed a strengthened risk culture across every functional area.

Risk Mitigation and Control

Once inherent risks are well understood, we can help your organisation with risk transfer, risk reduction and implementing effective preventive controls. This can involve structured reinsurance solutions to transfer risk to third parties as well as applying measures to reduce the frequency and severity of risks, like robust underwriting practices, fraud detection systems, and diversified investment portfolios. Preventive controls can include internal audits, compliance checks, and disaster recovery plans, to limit potential losses.

Risk Monitoring and Reporting

We will support your organisation in establishing relevant Key Risk Indicators (KRIs) and real-time monitoring tools to track risk exposure against established thresholds. Comprehensive reports for management and the board can help provide insight into the company’s risk profile, emerging risks, and the effectiveness of mitigation measures. It is also critical to develop protocols for reporting risk events when they occur, including near-misses, to improve future risk management practices.

Services

Expert Risk Management Solutions Tailored to Your Needs

Risk Management Software

As independent consultants, we do not push our own proprietary software solutions, Instead, we are more focused on understanding your needs and making recommendations that best address your organizational needs. Our independent collaborative approach means that we can work with a variety of leading risk software vendors, to ensure our clients select the best option tailored to meet their needs.

Reserved Roles & Outsourcing

Many clients do not have the financial capacity to employ teams of risk professionals and may find it more cost-effective to outsource specific services when they need them. We stand ready to help our clients, whether you need full-time assistance throughout the year, to more interim support at peak times, or to support specific deliverables.

We can help with Reserved roles including Chief Actuary, Chief Risk Officer and Loss Reserving Specialist.

Risk Self-Assessments

We are experienced in assisting insurers with risk self-assessments required under most regulatory regimes. This includes the Own Risk Self-Assessment (ORSA), required under Solvency II, as well as the Commercial Insurer Solvency Self-Assessment (CISSA), required by the Bermuda Monetary Authority (BMA).

These self-assessments go beyond prescriptive rules-based solvency frameworks and require a more holistic approach integrating risk management and strategic planning into the overall solvency assessment. At the heart of these assessments is a key recognition that every insurer has its own uniqueness, and that one size does not fit all.

Working with a reputable independent consulting firm can bring added credibility and professional validation to your regulatory self-assessment.

Capital Management

We can help insurers develop a better understanding of their capital requirements based on their unique risk landscape. This includes the creation of new or development of existing capital models, with fully integrated stress and scenario testing functionality.

We can help non-life insurers to understand their capital position. By designing capital models and performing stress and scenario tests, we can help insurers to understand their risks and assist with strategic decision making.

Model Validation

We can provide support to insurers who would like to validate their internal or standard formula models, providing specialist validation and technical knowledge to enable a thorough yet pragmatic approach to validating such models.

Risk Culture and Training

We can design and deliver tailored training programs for your organisation to promote risk awareness and help foster a culture that encourages employees at all levels to be cognisant of risks and proactive in managing them.

Implementing continuous training programs can enhance the risk management skills and awareness of employees, focusing on regulatory updates, emerging risks, and best practices.

Regulatory Compliance and Audits

Our team can help you understand the myriad of compliance requirements faced by your organisation. We will help ensure that your risk management framework complies with local and international regulations, such as Solvency II, IFRS 17, or other standards relevant to your regulatory regime.

We can help with internal and external audits, to ensure that the risk management framework is effective and aligned with regulatory standards and industry best practices.