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Risk Management

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.

Risk Management Analysis:

  • Experience analysis
  • Interest crediting strategy
  • Asset liability management
  • Stochastic modeling
  • Financial Reinsurance
  • Cash flow testing

Our Consulting Expertise

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:

  • Analyze risks associated with insurance product design including mortality, morbidity, lapse and premium persistency
  • Establish/review asset investment strategies
  • Set/review interest-crediting strategy for interest-sensitive products
  • Analyze interactions between asset and liability cash flows
  • Securitization