Insight consultants have delivered both technical and non-technical documentation for clients. This has ranged from detailed parameterisation documents through to policy documents. Documentation is what regulators and stakeholders normally see first, and we understand that this is critical to evidencing the work conducted by actuarial teams.
We have worked with clients across different areas of risk management. We have led exercises into meaningful risk appetites, risk registers and ORSAs which successfully integrate with both qualitative and quantitative risk processes. We believe real value can be achieved from risk frameworks and our firm is a thought leader in developing areas such as emerging risk, operational risk and
We have supported clients in wide ranging aspects of their internal model validation processes. Insight consultants understand how best to effectively validate an internal model and can add significant value to validation processes.
Insight consultants worked on site with our client to prepare their standard formula calculations and advise on the impact of their outwards reinsurance strategy. By working as part of the client team with a focus on handover, we were able to prepare our client for the independent production of standard formula calculations in the future.
The lower image was reconstructed using a prediction model generated by a random forest algorithm. The data provided to train the algorithm consisted of a random sample of only 3% of the pixels from the full logo (shown in the upper image).
Interested in learning about modern data science techniques and applications? We offer training in data science and the R programming language specifically tailored for actuaries.