Insight Risk Consulting is an actuarial consultancy specialising in general insurance. We are proud of our expertise in pricing, data science, reserving, risk and capital. Based in London, our clients include London market, commercial and personal lines insurers, as well as InsurTech startups.
Since our founding over a decade ago, we have worked with over 60 clients on hundreds of specific engagements, with many clients working with us continuously for more than five years.
Our work encompasses traditional actuarial techniques as well as cutting edge methods, such as the application of data science and machine learning techniques. Insight believes that technological advancement is driving change in insurance and we work with clients to help them adapt to the changing world.
Insight has three core principles:
Product
Insight is a flexible proposition and can deliver independence, knowledge and resource for the project at hand. With an internal team of consultants and access to a high-quality network of contractors, Insight can provide either a team of consultants, or individuals on a secondment basis.
Approach
We work hands-on with clients to get the job done, sharing workloads and acting as part of the team.
Service
We are committed to building strong and lasting relationships with clients. Relationships matter and we understand that clients need a consultancy that can be a trusted business partner.
Key people
Buu Truong
Managing director
Buu holds a chief actuary (non-life with Lloyd’s) practising certificate and works across reserving, pricing, capital modelling and risk. Prior to setting up Insight, Buu held senior actuarial roles in the London market, including Group Chief Actuary of Omega Insurance Holdings. Buu started his career in consulting, qualifying as a general insurance actuary in 2004 at PwC.
Mark Lee
Data Science Lead
Mark leads Insight’s data science proposition. He has a PhD in theoretical quantum physics from the University of Oxford, and over 20 years of academic research experience in numerical computing, mathematical modelling and data analysis. In 2016, he joined Insight. Mark specialises in data analysis and constructing actuarial models in Excel as well as R, with an emphasis on applying data science and machine learning techniques to actuarial problems within the general insurance sector.
Buu and Mark enjoy the support of an internal team of permanent employees and a large network of contractors.