Insurance Consulting – Reserving
We advise a number of Lloyd’s syndicates writing a range of different classes, including property catastrophe and long-tail liability business, as well as specialist insurers, captives and mutuals.
We are able to provide an independent assessment of the likely development of reserves, to support statutory reporting and sound risk management decisions by our clients in managing their liabilities. Our analysis includes consideration of IBNR (Incurred But Not Reported) liabilities, the adequacy of individual case reserves, and reserves for other costs, such as claims handling expenses, reinsurance bad debt provisions and reinsurance run-off costs.
We have developed stochastic techniques to determine the range of possible outcomes and to highlight the variability in results. We also work closely with our clients to identify the key risk drivers and potential dependencies underlying the performance of their insurance portfolios.
We also provide support in projecting future cash-flows and in commutation negotiations, where our understanding of the commercial drivers affecting our clients allows us to, again, add value through our analysis and advice.
