General Insurance
In the General Insurance sector, we understand that our clients face a lot of pressures, whether it's time constraints, budget limitations, or the need for specialized expertise. We have consistently provided high-quality contract resources to meet the evolving challenges of the insurance industry. We offer support to insurance companies and bancassurers in the UK and Ireland.
At APR, we understand that finding the right resources can be challenging. Our dedicated staff pool allows us to provide exceptional actuarial support through our skilled professionals, who quickly integrate into your teams and add value. Our consulting services leverage our extensive experience to deliver tailored solutions that meet your objectives, while our market-leading training program equips our staff with the necessary skills for success. Our goal is to provide value and quality, ensuring that you have the support you need to succeed.
What We Offer
Our staff have provided services to General Insurers in areas detailed below. Information on our hx Renew offering can be found here.
- Case pricing support.
- Pricing model development
- Wider business support including engagement with underwriters, reserving and capital, and data analytics.
- LCR support including managing both LCR submission and MMC applications.
- Parameterisation including documentation, impact assessment and expert judgement support.
- Capital management including rating agency models such as BSCR, AM Best and S&P.
- Methodology review and proposal.
- Implementation support including parallel runs and IFRS 4 to IFRS 17 analysis of change.
- Modelling development support in ResQ and Psicle.
- Validation support including analysis of stress test and scenario analysis results.
- Documentation support including LCR validation reports and ORSA reporting.
- Challenge and review of the Lloyd’s Internal Model, including model Validation.
- Strong statistical modelling exp across R, Python, Matlab etc.
- Database support in SQL, SAS and other database languages.
- AI including documentation consolidation, and implementing proprietary models in open source software.
- Working with Lloyd’s market, including Lloyd’s Corporation, since 2018.
- Experience across all key areas of actuarial practice including reserving, capital, pricing and risk.
- Range of support augmentation available from junior students through to experienced actuaries.
- Business planning support including Lloyd’s SBF.
- Wider support to internal and external stakeholders.
- Portfolio management support.
- Quarterly reserving including assumption setting, reserve projections and deep dives.
- Independent reserve reviews.
- Regulatory reporting support.
- Submission support including oversight of MMC submissions to Lloyd’s and support of IMAP submissions to other European Regulators.
- Tyche model development and review for both PRA and Lloyd’s MMC applications.
- SCR Standard Formula support including assessment of model drift.
- Reserving system development and testing in SQL, Psicle and ResQ.
- Capital modelling system updates in Excel, SQL, Igloo and Tyche.
- Pricing system support including process automation and software integration testing.
- Case pricing including both experience and frequency/severity modelling, and justification of key modelling assumptions to support underwriting decisions.
- Assessing suitability of intra-group RI terms and structure for efficient capital allocation.
- General support for 1/1 renewals including rate change analysis lines and market deep dives.
- Support of all key actuarial business areas within personal lines insurers.
- Use of our GI skillset and life high volume data experience to create and maintain core training designed to equip staff with the skills required in a personal lines environment.
- Modelling and GLM experience.
For more information on the services we offer please reach out to our General Insurance Lead, James Nicholl.