Partnering with http://dyna-mo.com we offer actuarial management, analysis and services to insurers to support running actuarial teams, building actuarial functions, and implementing actuarial processes and models

As part of the build out of a managing agent there is always the requirement to deliver an actuarial capability to both build out the function as well as integrate with the other teams. Actuarial resource is required early in the application process to design the function and support the documentation required for regulatory submissions. This will typically be in advance of full-time actuarial resource being required, thus we recommend an interim resource is utilised to provide support the application process.

We design and implement risk management frameworks in Solvency II environments to deliver a practical framework. Our experience places us in a strong position to provide simple insight as to what Solvency II means in a business as usual environment

By fielding industry practitioners from underwriting, underwriting management and claims handling backgrounds we design and implement working practices for insurers to seek efficiency, reduce errors and streamline processes including problem areas such as:

• Underwriting controls
• Underwriting management
• Data entry and accuracy issues
• Claims reporting
• Claims exception management
• Lloyd’s business planning NB Link

Our industry experts and practitioners work to establish working practices for clients to ensure interactions across underwriting, claims, finance, actuarial, risk management, finance and operations. Typically seeking to:

• Increase efficiency
• Reduce errors and friction
• Achieve operational savings

Especially important at key processing periods such as month end close and also at times such as the bi-annual Lloyd’s business planning NB link returns where swift and effective interaction between teams is key

Our teams are all ex-practitioners and understand the intricacies of underwriting, MGA and broking operations. Their expertise spans all areas of operations and encompasses systems use, working practices, data usage, organisational design as well as business analysis techniques and requirements gathering.

With our knowledge and expertise we have developed bespoke corporate governance models for insurance businesses

We have developed an end-to-end terms of reference covering all aspects of insurance and reinsurance businesses. This is not a “template” terms of reference – it is a reference point to refer back to and ensure that all aspects are covered in the final, bespoke, terms of reference for the client’s Board and Committee terms of reference to provide additional assurance that all aspects are covered

Our corporate governance specialists design agenda, minutes and actions logs and manage meetings on behalf of our clients to embed best practice before handing over to full time employees. This ensures a solid foundation for corporate governance is built from the bottom up.

Our clients are typically dual regulated by both the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). We work with our clients guiding them through the application and approval process, providing both project management and hands-on support developing regulatory business plans and defining the key tenets of the application. We work with the teams at the PRA and FCA providing supplementary information to support the application typically ensuring that submissions are deemed “complete” in the shortest possible timeframe.

Our teams have deep specialism working with the Lloyd’s New Entrants Assessment Group and the needs and expectations of the various departments within Lloyd’s. Our knowledge of the Lloyd’s approval process and “Making It Happen” phase is unrivalled.

We have the skills and experience to support a new application from high level design through to detailed submissions completing the various submissions required by all regulators. Using our expertise we often move swiftly from submission to “complete application” and the reduced turnaround time from the regulators.

We have built relationships with all the parties that come together to establish a new insurer ranging from the legal teams at the specialist insurance law firms and auditors required for the regulatory processes through to technology suppliers and even office fit-out managers. We can project manage the entire execution of creating a new insurance business.