Actuarial support for life insurers

Life balance sheets are under intense scrutiny, and regulators expect key roles – Chief Actuary, With‑Profits Actuary (WPA) and the risk function – to be effective, independent and fully plugged into business decisions. We can act in these roles or support your existing teams, providing opinion, challenge and clear communication to boards, risk committees and regulators, while giving you flexible capacity as your business and regulatory demands evolve. 

We also support internal and external audit across life actuarial models, processes and reporting, helping you evidence robust governance, model change and control frameworks. 

Our experts have experience as Independent Expert/Independent Actuary on Part VII and other transactions, as Skilled Persons, and in delivering peer reviews and deep dives into actuarial modelling and processes – all focused on practical recommendations rather than theoretical critiques.

For life insurers, capital and risk are at the heart of strategy – from matching adjustment and internal model approvals through to With‑Profits management and back‑book optimisation. We help you build, enhance and validate internal models, capital and liquidity frameworks, ensuring they remain proportionate, well‑governed and clearly linked to risk appetite and business planning. 

Our team supports With‑Profits and back‑book management, reinsurance design and optimisation, and the risk and implementation work that sits behind major regulatory reform, M&A activity and new‑entrant applications. We perform work across all areas of the Risk function – targeted risk deep dives, model risk support (validation and framework reviews), strengthen risk management frameworks and policies, and provide risk outsourcing where you need ongoing specialist support rather than full in‑house teams. 

Plus, using proven tools and technology – including platforms such as validateR, and advanced experience analysis and cashflow modelling – we give you faster, clearer views of risk, capital and performance across your life portfolio.

Investment is where life insurers’ promises to policyholders meet shareholder expectations, regulatory constraints and a challenging market backdrop. We help you design and execute ALM and strategic asset allocation that work hand‑in‑hand with your liabilities, internal model and matching adjustment, across both traditional and illiquid asset classes. 

Our support covers matching adjustment applications and maintenance, market risk management (including inflation, interest rate, credit spread and liquidity risk), and the design of hedging strategies that are practical to implement and monitor. 

We advise on manager selection and oversight, credit, counterparty and illiquid asset modelling and structuring, and embedding ESG considerations into your investment and risk frameworks so you can demonstrate resilience, responsibility and value over the long term.