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Getting more
value from data

Insurance

Data has always been the lifeblood of insurance. The recent explosion in the volume of data available to insurers provides great opportunities but will also generate more intense competition.

We can help you stay ahead in a competitive market by getting greater value from your data.

LCP Market Review 2020 - The Future of Reserving

LCP Market Review 2020 - The Future of Reserving

We met with UK general insurers to understand their reserving priorities and key challenges. These conversations have helped us to develop a blueprint for the future ideal reserving process, which we have outlined in our report.

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How we can help

We can help you turn data insight into a competitive strength, helping you to price business confidently, understand the drivers of risk and make sound reserving judgements.

We provide a wide range of bespoke solutions including:

  • Interactive dashboards to deliver insights to your Board and stakeholders across the business.
  • Improving data governance and ensuring that data is understood and used consistently and safely across the business
  • Backend data systems design, analysis and data warehouse setup

Our latest thinking

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Related services

We work with insurers to help them better understand and manage the risks they face and their capital requirements.

We help organisations to unlock business value from their Solvency II processes.

We provide an alternative, external view on the best estimate level of reserves for insurers and also help them understand the key drivers of variability around that best estimate.

We help our insurance clients to develop strong links between their strategy, capital management and risk management processes, improving their chances of business success.

Our business-focused approach to validation can help you be confident that your insurance models are robust, and that you are meeting regulatory requirements.

Want more information?

If you would like to know more about our services and how we can help you with insurance

Contact us