OUR SERVICES
Product Development
We assist with product development ensuring all features of products are considered to maximize product attractiveness. We also assist with product upgrades ensuring products remain relevant and up to date with the forever-dynamic policyholder requirements. We assist our clients with strategies around product performance and marketing.
Business Analytics
In business analytics our services cover business performance analysis across the operations value chain, i.e. from marketing, to sales, to underwriting account, to claims processes and customer experience. We help our clients define, measure and track key success metrics. We typically cover the following areas:
- growth and profitability modelling
- catastrophe risk zoning
- industry risk classification
- claim fraud modelling
- operations process optimization
- reinsurance optimization
Insurance Product Pricing
We provide our clients with pricing models for domestic, agriculture and commercial lines of business. Our pricing strategies are dynamic taking account of local market practices, wider organisational goals and risk management policies in place. We use modern pricing techniques tailored appropriately for customer specific needs.
Balance Sheet Management
Our balance sheet management services include a comprehensive capital management framework and management of all assets and liabilities. We assist with the development of asset-liability strategies that ensure the company remains financially sound in the long term. Our capital management services include;
- capital management framework
- internal capital stress scenarios
- calculation of technical provisions
- commutation of liabilities
- statutory valuations
- calculation of embedded values
Asset-Liability modelling
Our asset-liability modelling (ALM) offering cover investment policies, asset allocation, asset-liability matching and asset investment regulatory requirements. The valuation of technical provisions includes the estimation of IBNR, OCR and UPR. Deterministic methods and stochastic methods are used to estimate the technical provisions.
Enterprise Risk Management
Our services cover all components of enterprise risk management including developing organisational risk appetite and the entire risk management framework, filtering down to divisional and functional risk polices used in the day to day operations. Our services in the ERM division include;
- development of ERM framework
- Own Risk and Solvency Assessments
- align risk philosophy to capital strategy
- risk strategy and risk governance
- risk taxonomies and dictionaries
- risk quantification and selection models