London Market & Lloyd's

The most important thing in reserving London Market business is to understand the exposures. For example, coverage may result in claims not being visible in the data for a number of years, with large surges of claims at particular times.

Personal Lines

Encompassing a wide range of insurance products from motor cover to creditor insurance, personal and commercial lines of business are driven by the need to cut costs and improve service standards, while remaining competitive and profitable.

Uncertainty

In order to make informed business decisions, it is important to understand the level of risk assumed by holding any particular reserve.

Reinsurance Security

The aim of a reserving study is to decide upon an amount that will be held to pay future claims. The amount needed for this will be the gross claims that will be paid out less the reinsurance that will be collected.

Benchmarking

Benchmarks are vital either where the client’s own data is sparse or where they wish to compare themselves to the overall marketplace.  We have a large quantity of market data that allow us to perform such benchmarking exercises.

Statutory Opinions

Our key area of statutory work concerns the production of reserve opinions, certifying that reserves meet the relevant statutory test.

Adequacy

Estimating insurance reserves is an uncertain process, by its very nature there is no exact right or wrong answer as to what level of reserves are required at a company level or even for a single class of business.

Click here for information on our software for Reserving

For further information, contact your local office.