Recent Work
Insurance Consulting





Insurance Consulting


1. Cross-border European Life Company Start-up

       Lead consultant on a start-up cross-border European life company project for one of the world's premier global financial services groups. Analysis and detailed review of Dublin vs Luxembourg. Application for regulatory authorisation (and successful company launch 5 months later), product development, profit-testing and appointed actuary work. Country-specific product work in conjunction with Abelica Global colleagues in France.

2. Capital Markets Solutions for Financial Guarantees

       Detailed asset/liabilty modelling for a life insurer with traditional, guaranteed business. Analysis of reinsurance and derivative structures. Successful implementation by client leads to greatly improved asset/liability matching and increased financial strength.

3. Merger & Acquisition

       Merger and acquisition advice for two financial services groups in respect of the proposed purchase of offshore life assurance companies (one Isle of Man, one Ireland).

4. Out-sourcing of Actuarial Function

      

Provision of a full actuarial function for an offshore insureer wishing to out-source its business activities. Services provided include Control Management, appointed actuary and actuarial consultancy.

5. Expense Review / Benchmarking

       Engagement by an offshore life company to review its expense base and its allowance for expenses in product pricing, benchmarking it to its peer group.

6. Online Member Surveys for AILO

       Design and management of on-line new business reporting and information system for member companies of The Association of International Life Offices (AILO).

7. Embedded Value

       Calculations of embedded values for life assurance client companies.

8. Product Development

      

Competitor research analysis and reports for an insurance client in respect of Personal Bonds and Investment Bonds. Input into client's product strategy and recommendations in relation to product enhancements.

9 . Third Party Administration

      

Research for client into third-party administration solutions available for insurers establishing in Ireland.

10. Illustration Systems

      

Comparison of different life company illustration systems and benchmarking for our client's existing system. Identification of major weaknesses and recommendations, successfully implemented, to turn our client's weakness into a strength, with very favourable broker reaction.

11. Offshore UK Market Analysis

      

Detailed analysis of offshore products sold in the UK, to assist an Irish insurer planning UK market entry.

12. Independent Actuary

      

Provision of independent actuary expert reports for transfers of insurance business involving insurers based in the Isle of Man and Guernsey.