Our Actuarial
Offering
Grant Thornton’s actuarial team provides a comprehensive range of services to our insurance clients. From regulatory support for compliance to delivering specialist expertise in insurance & reinsurance. Our actuarial experts assist clients with their needs in areas such as reserving, risk & capital management, data quality, analytics and actuarial transformation. Our team’s extensive industry experience enables us to have a solid understanding of your needs, and provide pragmatic solutions specific to your organization.
Solvency II Actuarial Function
Full range of services required for the Actuarial Function under Solvency II; including...
Data Quality & Analytics
Market leading team blending the specialisms of Insurance and Data Analytics...
Risk & Regulatory Support
Full range of services to support the Risk function in the delivery of their Regulatory requirements...
Solvency II Actuarial Function
Full range of services required for the Actuarial Function under Solvency II; including
Experienced individuals with appropriate experience to fulfil the role of Head of Actuarial Function PCF48
Experienced individuals with appropriate experience to fulfil the role of Peer Reviewer as required by the Domestic Actuarial Regime
Team with a broad range of industry experience to deliver all Solvency II requirements including ARTP, AOTP, SFCR, ORSA and QRT’s
Up to date insight on industry market practise, and regulatory expectations
Expertise developing/assessing/documenting assumptions and methodologies relative to regulatory requirements.
Support addressing and responding to CBI issued Risk Mitigation Plans.
Data Quality & Analytics
Market leading team blending the specialisms of Insurance and Data Analytics.
Experience at data quality assessments, developing and implementing projects to address issues
Familiarity with regulatory expectations and data requirements, particularly as it pertains to reserving and capital management
Predictive analytics using statistical modelling and machine learning techniques to identify trends, produce insights and support decision making
Development of interactive, user-friendly MI dashboards to enhance leadership oversight
Design and implementation of process automation/actuarial transformations to enhance efficiencies and internal controls
Risk & Regulatory Support
Full range of services to support the Risk function in the delivery of their Regulatory requirements; including
Risk management review and frameworks
Support preparing all regulatory submissions including Internal Model & Partial Internal Model applications, change of business plans, acquiring transactions, authorisation of a new insurance entity.
Reviews of operational effectiveness across Actuarial and Risk functions
Full range of audit services including Reserving, Capital Management, Peer Reviews and Internal Audit., Independent Expert reports.
Reserving & Capital Management
Full range of services to support Reserving, including...
IFRS 17
Our team can support IFRS journey over the next 9 to 12 months, going to extra mile to ensure...
Pensions
Our team can support you in complying with the IORP II regulations including...
Reserving & Capital Management
Full range of services to support Reserving, including:
Modelling support for production of reserving and capital calculations
Review of modelling infrastructure, recommendation and implementation of enhanced Reserving capability
Stochastic modelling
Documenting actuarial models and methodologies
Capital optimisation techniques to enhance capital efficiency and solvency coverage
IFRS 17
Our team can support IFRS journey over the next 9 to 12 months, going to extra mile to ensure timely compliance and to generate value for your company:
Change Management
Business requirements and vendor selection
Policy and methodology choices
Implementation & Validation
Project Assurance
Pensions
Our team can support you in complying with the IORP II regulations including
Audit & Advisory Services
Experienced individuals to fulfil the required Internal Audit & Risk Management Key Function Holder roles
Other
Our team has experience across all aspects of Insurance and can assist on almost any task...
Other
Our team has experience across all aspects of Insurance and can assist on almost any task. Other examples include:
Developing and delivering tailored training for Boards and Management
Pricing and product development support including pricing governance, and underwriting portfolio management
Developing responses to regulatory/EIOPA priorities such as ESG, climate risk, data quality
