Financial Services Advisory
IFRS 17 statutory reporting
Programme Advisory Services on the International Financial Reporting Standard for Insurance Contracts (IFRS 17) which includes input and guidance in core operational and technical areas. Our involvement includes services from initiation through to methodology and implementation as well as advising on core system and operational solutions.
Technical gap analysis and project management delivery (day to day lead, stakeholder management, driving activity, key accountability) – led and delivered the IFRS 17 initiation programme for large annuity provider. This included a technical and operational gap analysis as well as stakeholder management and educational briefing sessions. Support with three year implementation plan and budgeting estimates.
An Innovative Solution
Advising a global actuarial insurtechcompany on understanding the UK insurance and actuarial landscape. Providing joint actuarial and technology consulting services including advice on setting up a data science project team consisting of data scientists, marketing, actuarial and IT specialists in order to develop insights on the persistency experience of the in-force book.
A Story of Success for the Actuarial Profession
Involved in initiatives by the Institute and Faculty of Actuaries that help shape the future role of the Actuary including a leading role in the Data Science campaign.
Turning a New Page
Working with associates and partners across the insurance and finance technology landscape to bring suitable optimal solutions to the industry –all driven by our core actuarial and financial services domain experience.
A Story of Success
Innovative solutions to industry challenges (disruption, challenging thinking, innovative ideas, working with technology providers) – leading a proof of concept on the use of AI and intelligent automation within insurance and wealth managment processes with a view of analysing Solvency and Financial Condition Reports more effectively by combining expert actuarial domain experience with technology.
Turning a New Page
Delivering an innovation lab initiative to a UK insurer analysing propensity of policyholders to lapse. Working with head of marketing and Chief Actuary to identify key policyholder behaviours and insights into wider applications of machine learning across the business.
Digital solutions for optimising operations (technical initiative, leading design and delivery, engagement with vendors) – leading process review programmes for large insurers with a view of identifying processes suitable for automation. This was followed by an end-to-end automation delivery journey through the use of advanced RPA software. The output was a recommendation on next steps including cost/benefit analysis.