Changes in the UK regulatory regime and the introduction of International Financial Reporting Standards (IFRS) have had an impact on all areas of business.
Mazars' Actuarial team can help you identify and understand regulatory implications and the risks they impose. We help you ensure these risks are monitored and controlled, continuously, in accordance with the expectations of the FSA.
Our team:
- provide introduction and transition support to IFRS
- are an actuarial function holder and a reviewing actuary for life companies and friendly societies
- are Lloyd's and international signing Actuary for non-life companies
- assess existing actuarial / reserving systems
- calculate profit profiles for individual products
- assist with derivation of assumptions
- select appropriate model points (life) and units of account (non-life)
- advise on the regulatory implications on the business plan
- determine the adjustments required by local GAAP
- assist in meeting reporting and disclosure requirements
- advise on the treatment of with-profits policyholders in accordance with developing FSA’s requirements
- assess progress against FSA or internal expectations
- provide peer review of the actuarial functions
- stand as expert witnesses in litigation cases and provide independent expert reports in business transfer situations
