In this blog, Tom Durkin and Neil Gedalla review how to look at your established validation programme to ensure that it stays effective year-on-year.
My name is Tom and I head up LCP's capital modelling team.
I work with insurers and other financial companies to help them understand their business risks and capital requirements.
My role ranges across all aspects of insurance capital modelling, from building models through to review, validation and using them to help my clients make better business decisions.
I am a Fellow of the Institute and Faculty of Actuaries and have a degree in Mathematics from Cambridge University.
Tom was outstanding. He was a pleasure to work and communicate with, and he was able to provide valuable insights throughout the engagement.
Helping insurers achieve a green light for Solvency II whilst keeping focus on what really matters to the business
In this video, Tom Durkin looks at helping insurers achieve a green light for Solvency II whilst keeping focus on what really matters to the business.
LCP survey shows Lloyd’s insurers are 65% of the way towards the goal of an ideal internal model validation process.
Insurers start to get real value from internal model validation, but there is still work to be done.17 January 2014
We interviewed 35 general insurers about how they are getting the most value from their capital modelling. The survey reveals that over 85% of insurers see capital modelling adding genuine value to their business beyond regulatory compliance.
How I can help
We work with insurers to help them better understand and manage the risks they face and their capital requirements.Discover more
We help organisations to unlock business value from their Solvency II processes.Discover more
We can help you harness your data for competitive advantage, through powerful analytics and deep industry knowledge.Discover more
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.Discover more
We help our insurance clients to develop strong links between their strategy, capital management and risk management processes, improving their chances of business success.Discover more