General insurance
Not so many years ago the actuary’s main job was to estimate the amount of reserves that was needed to cover all future liabilities. Required capital for business was calculated via a simple formula, not taking into account the different underlying risks insured. In recent years, many insurance companies suffered large losses, because they were not fully aware of their risks.
The recent changes in legislation addressed this issue and widened the responsibilities of the actuary. Today, supervision requires insurance companies to analyse their risks on a quantitative and qualitative basis. This approach allows insurance companies to reduce their required capital by managing their risks on the spot. We can help insurance companies manage their risks better. Our services include:
- External Appointed Actuary Mandates
- Swiss Solvency Test and Solvency II
- Independent Reserve Reviews
- Reserve Uncertainty Analysis
- Reinsurance Optimization
- Pricing Support
- M&A Transaction Support
- Audit Support
As a globally active professional services firm, we can provide a network of over 150 general insurance actuaries, as well as deep market insight.
