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Catherine Drummond

Catherine Drummond
Partner

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orangecross Catherine.Drummond@lcp.uk.com

I'm Cat and I am a partner in LCP's Insurance Consulting practice. I have over a decade of consulting experience and help my clients understand and manage their insurance risks better. I work with a wide range of insurers, including large personal lines insurers, commercial insurers and Lloyd's syndicates.

I am a Solvency II expert and can help you and your firm navigate the wide-ranging and onerous regulatory requirements. I have performed numerous independent reviews of internal model validation, risk and governance frameworks, standard formula calculations and technical provisions. I have also helped the risk function of a large global insurer prepare for restructuring and redomiciling due to Brexit.

Clients tell me that they appreciate my hands-on approach to getting things done, and my ability to explain complex issues in an easy to understand way.

I have previously been a member of the Solvency II Practical Review working party, am a member of the IFoA’s 400 club and the deputy chair of the IFoA’s GI Life Long Learning Committee. I author of LCP’s annual review on the SFCRs of 100 non-life insurers across the UK and Ireland, and have presented widely on this subject, including at EIOPA’s industry conference in Frankfurt. I also manage our insurance teams and am involved in the recruitment of actuarial staff. In addition, I am a founding member and co-chair of LCP's LGBT+ network which leads initiatives and provides support to ensure that we provide an accepting environment for LGBT+ individuals to thrive and prosper.

Outside work, I enjoy spending time with my family and am an avid theatre and concert-goer.

Cat and the team worked flexibly to our timescales and produced advice that was clear and practical to implement. We were impressed with how easy the recommendations were to understand, particularly given the complexity of the underlying regulations

Head of Finance and Strategy, large UK personal lines insurer

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Solvency ll reporting 2017

Our review of the Solvency II reporting produced by 100 of the largest non-life insurers in the UK and Ireland.

How I can help

Capital modelling

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

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Getting business value out of Solvency II

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

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Getting greater value from your data

We can help you harness your data for competitive advantage, through powerful analytics and deep industry knowledge.

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Independent reserve review

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.

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Managing risk effectively

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

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Validating internal models

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

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