Triple IQ’s team of experienced life insurance actuaries can provide technical help, consultancy and support on all aspects of life insurance clients. Our breadth of expertise enables us to offer a wide range of practical solutions to the many varied problems our clients are faced with.

Our flexibility allows us to fit with the way our clients work, as well as from any location. This could mean providing individual expertise or acting as an outsourced in-house actuarial function. We remain flexible and committed to delivering on any approach our clients see fit.

Some of our life insurance actuarial and consultancy services include:

• Solvency II reporting including all actuarial modelling aspects.
• Balance sheet optimisation techniques
• Production of business plan projections, development of Own Risk and Solvency Assessments (ORSA) and production of Financial Condition Reports (FCR).
• Support to insurers’ management teams on appropriate responses to enquiries from financial regulators.
• Review of existing or proposed reinsurance arrangements on clients’ solvency position and its impact on liquidity risk and overall management of the business.
• Strategic and financial assessment of business development initiatives undertaken.
• Review of actuarial methodologies and assumptions underpinning insurance results.
• Review of product design, pricing and profitability of new business.
• Integration of pricing systems with online quotation engines.

Triple IQ can also supply senior actuaries to fulfill key regulatory appointments within the business on an interim or permanent basis.

Triple IQ works with various general insurers and provides bespoke support tailored to individual client requirements. We provide expertise and technical support for reserving and rating, capital modelling and risk management and supply of Chief Actuaries depending on need.

Some of the services we offer general insurers include:

Reserving and rating:

• Actuarial opinion on the appropriate methodologies and assumptions to use in the calculation of claim provisions for particular reporting requirements.
• Calculation of claim provisions in accordance with stated methodologies and assumptions, including any discounting of liabilities that may be needed.
• Assessment of frequency and average amount of claims and expenses to estimate premiums.
• Solvency II reporting

Capital Modelling:

• Calculation of capital requirements for the business for Solvency II and ORSA purposes.
• Asset liability modelling to help you assess the risks of particular asset strategies on your business.
• Assessment of the impact your organisation’s pension scheme has on its capital requirements.

Reinsurance Optimisation:

• Detailed assessments and advice on the effectiveness of reinsurance programmes

Product development and pricing:

• We work closely with our clients in developing and pricing current and relevant products fit for the market in which our clients operate.

Risk management framework:

Advice to Boards and executives on what they need to do to implement an effective risk management framework within the business e.g. ORSA, appropriate deployment of capital resources.

At Triple IQ we understand that the provision of employee benefits has evolved significantly in recent times and ranges from simple to sophisticated benefit structures. Working patterns have changed and so has the provision of employee benefits.

Some of the services we offer to employee benefit clients include:

IAS19 valuations:

• Actuarial calculations and reports delivered within a short time period to meet audit requirements.
• Funding calculations and recommendations for the funded schemes

Asset Liability Modelling:

• Delivery of asset liability results and reports including Board of Trustees support in understanding the implications of any recommendations

Additional services:

• Assisting with flexible employee benefit design
• Trustee training
• Assessments of investment policies and liaison with investment advisors

Statutory actuarial valuations