Track Record

We have successfully delivered to clients a number of projects covering risk management, governance and regulation. We would be happy to discuss your needs on an informal basis.

Risk transformations

  • Lead delivery of appropriate solutions covering risk reviews, suite of risk policies for insurer and asset manager, risk governance (including implementation of 3 Lines of Defence governance model), oversight of outsourcing, a review of approach to assets valuation and operational risk KRI reporting (UK subsidiary of an international insurance group)

  • Delivered an ORSA policy compliant with FINMA requirements (Swiss based re-insurer)

  • Lead delivery of a number of risk transformation activities including enhancing risk universe, a suite of policies, control and risk self-assessment, emerging risks, oversight of outsourcing (incl asset managers), assurance, stress and scenario test and ORSA framework (UK life-insurer)

  • Supported an Internal Audit function’s reviews of ORSA, use test and risk operating model (UK subsidiary of an international insurance group)

Regulatory reviews

  • Conduct risk gap analysis for an insurer at the FCA’s request (UK life-insurer)

  • Supporting a client’s engagement on Section 166 review (UK subsidiary of an international insurance group)

  • Reviewed an Internal Audit Function readiness for Solvency II at PRA’s request (UK subsidiary of an international insurance group)

Internal model & capital

  • Lead the internal model application process for an insurer

  • Designed and delivered an approach to meet model change requirements (UK life insurer)

  • Lead delivery of data governance workstream of an internal model application (UK insurance group)

  • Advice on a range of capital issues covering MI capital reporting for optimisation against risk appetite, design of the ORSA basis, drafting economic capital submissions, treatment of own funds, capital assessment of staff pension schemes (UK insurance group)

  • Planning of internal model validation covering technical aspects, scoping, evidence identification and managing relationship with Risk and Internal Audit (UK life insurer)

Start Ups

  • Advising the CEO on strategy for FCA authorisation approach and implications from business model for conduct risk

Modelling

  • Assessing value for money from switching pensions,

  • Modelling competitiveness in the mortgage market,

  • Prototype model of capital requirements for exchanges based on VAR methodology,

  • Structural macro-economic model of a Latin American country

  • Financial modelling of a utility business P&L and balance sheet and a financial model of a power purchase agreement

Others

  • Developed a business proposition on conduct risk readiness aligned with ERM approaches

  • Developed and delivered professional training on Solvency II, including an insurer’s Board

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