Risk and capital modelling is an area of increasing importance given changes in the UK regulatory regime and the need to fully understand the impact of all areas of business on the risk and reward targets.
Mazars' Actuarial team can help develop your ICA model or verify the work that has already been done. We develop robust models tailored to your individual requirements that define FSA risk based capital requirements.
Our team helps:
- bring together all areas of risk of the business in a single model giving the ability to test the impact of variations on the stability of projected earnings and the solvency of the business. This enables identification of optimal reinsurance and investment structures given the intended mix of business to be written.
- document rate changes for companies and managing agencies as they attempt to raise capital
- communicate and negotiate with the FSA for ECR and ICA
- scope, choose, design and set parameters for capital models with risk assessment
- implement and embed modelling tools
- measure and monitor operational, liquidity, systems and control risks
- quantify Risk Margins for Solvency II purposes
