Bulk Purchase Annuities Services
The Bulk Purchase Annuity (BPA) market has never been busier and it’s likely to remain so for another decade. Insurers will need to consider whether they have the appropriate levels of resource to write more deals & avoid bottlenecks at onboarding, and adequate systems in place to deal with pricing and administration as volumes grow. We have deep experience in BPAs and support your business in dealing with the growth in the BPA market. We'll help you to achieve your objectives in the following ways.
Our Services
Capacity
BPA transactions are unpredictable in timing, frequency and success. We can provide skilled BPA resource to relieve pressure on your core team, or flexible staff that can be engaged and disengaged at short notice to deal with sudden increases in demand.
Optimisation
Tools and processes built years ago for a BPA team writing a fraction of the business they now write may be struggling with increased volumes. Our team has an exceptional track record in systems improvement, helping you to reduce the time it takes to produce quotes and perform BAU administration activities.
How We Can Help
Model Development
- Development of future-proofed model infrastructure allowing for increased business volumes while reducing run times.
- Targeted use of AI in coding to reduce model development time & resource, and provide interactive model documentation.
- Alignment & reconciliation of BPA cashflow models across pricing, valuation & third party outputs.
- Build and UAT of key BPA tools (e.g. inflation, member options, price lock).
- Proficiency in proprietary model environments including RAFM, Prophet, MG-ALFA and Mo.net.
Data
- Interpretation of raw data and benefit specifications for pricing cashflows and post-transaction onboarding into administration platforms, as well as data cleanse.
- Data and model preparation for funded reinsurance transactions and longevity swaps.
- Transfer value and member options factor calculations.
Valuation & Reporting
- Embedding new deals into valuation and reporting processes.
- Calculating the new business value / CSM added and the new business strain / SCR.
- BAU financial reporting including IFRS 17 results and Solvency II / UK QRTs.
- Cost-benefit analysis of potential reinsurance arrangements.
Assumptions
- Reviews of key pricing assumptions such as mortality basis, spousal assumptions & expenses / cost allocation.
- Use of GLMs and postcode models for demographic assumption setting.
- Experience analysis and data visualisation.
Assets
- Matching adjustment methodology, optimisation and attestation.
- Credit risk management.
- Equity release mortgage modelling.
- Determining price locks given a reference asset portfolio.
Case Studies
Royal London Group Bulk Purchase Annuities
Royal London Group sought to establish a full Bulk Purchase Annuities (BPA) proposition, progressing from early proof‑of‑concept work to full market entry and live pricing. APR supported this journey by seconding specialists across multiple workstreams, helping to build the methodologies, tools and processes required for successful BPA transactions.
View Case Study →Pipeline Automation - Experience Analysis
This case study shows how APR consultants take full ownership of projects-leveraging strong technical expertise to set timelines, manage the full development lifecycle, and automate existing processes into end‑to‑end client solutions.
View Case Study →