Focuses on identifying, quantifying, understanding and analyzing risk
Insurers need an integrated risk management approach.
These days, the insurance industry faces risks from both conventional and unconventional sources. Increasingly complicated product features, sophisticated policyholder behaviors and volatile financial markets all heighten risk for insurers. Further risk is created through technology shifts, distribution systems and customer expectations.
At Prescience, our consultants have extensive experience in analyzing and managing risks and use state-of-art actuarial tools to help our clients. In particular, we will: