All insurance entities in today’s value chain must develop and embed financial competences to ensure that board decisions are informed by the use of the expanding types of data increasingly now available, at ever lower costs.
Our wide ranging commercial experience, supported by both financial and actuarial skills, allows us to produce analytical reports which are both accessible and based on robust, market relevant assumptions and data. Our deliverables are always decision-support focused, meaning that from strategy through to execution, we support our insurance clients to manage today’s challenges. These challenges are increasingly driven by your current and future customers’ ever-changing expectations, where the cause and solution are digital innovation and disruption.
read shepley can help you to adapt your distribution models, responding to feedback about how customers interact with you, whether those customers are business partners (brokers, coverholders, service providers, risk carriers, business customers), or those who you want to reach at work (employees) or at home (consumers).
Our analytics approach helps you:
Optimise the use of reinsurance and capital when looking to grow portfolios.
Develop management information and decision support analyses. which align with recognised accounting frameworks, but which can also be used as a communication discussion item with wider management.
Construct annual, quarterly and monthly business plans which marry actual past results, to projections of the future, in a manner which supports actual versus expected analysis. These then answer the key management questions as to what is driving performance from an objective perspective.
Design reserving and pricing analyses and processes which are industrialized and embedded across the business and which also deliver significant cost savings from the need to employ costly actuarial resources.
Rapidly deploy finance and actuarial solutions to cost effectively address IFRS 17 requirements, reusing where possible financial components from Solvency II and other pre-existing reserving and capital modelling tools.