Actuarial Services

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Actuarial Services

The BDO Actuarial Team works with a broad range of clients across the insurance sector, including general insurers, run-off carriers, Lloyd’s managing agents and syndicates, P&I clubs, underwriting agencies, personal lines and composite insurers, and run-off consolidators.

The team is led by Jamie Bentley, who holds the Non-Life Chief Actuary and Lloyd’s Syndicate Actuary practising certificates, and Elinore O’Neill who holds the Non-Life Chief Actuary practising certificate.

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We offer a wide variety of services in the actuarial market:

  • Independent reserve reviews
  • Deep dive reviews
  • Process and data transformation change projects
  • Governance and reserving policy reviews
  • Lloyd’s Statements of Actuarial Opinions (SAOs)
  • Integrations with financial planning and portfolio management
  • Bespoke model build solutions
  • Benchmarking across many lines of business
  • Full suite of co/outsourced actuarial function support including Technical Provision Calculations, Solvency Capital Requirements and Own Risk and Solvency Assessment modelling under Solvency UK/II and equivalent regimes globally
  • Assurance across all solvency pillars
  • Quantitative reporting template solutions
  • Full/Partial Internal Model/Undertaking-specific parameter applications
  • S166 Skilled Person reviews
  • Interim or outsourced SMF 20 (Chief Actuary) roles
  • PRA authorisation applications
  • Ad-hoc regulatory advice/interpretation and help with documentation and review
  • Actuarial/Data transformation project design and/or management
  • M&A due diligence
  • Secondments, interim placements & short-term resource for projects
  • Capital management and reinsurance optimisation
  • Actuarial function operational effectiveness reviews
  • IFRS 17 implementation and existing implementation plan health checks

We can provide subject matter expertise in actuarial and risk management, including:

  • Reserving functions
  • Exposure management
  • Model validation
  • Pricing
  • Regulatory frameworks, e.g. IFRS 17, Solvency II
  • Co-source risk function support – including board communication
  • Bespoke modelling of risks, scenarios and formulation of KPIs
  • Business process enhancement
  • Policy drafting, review and benchmarking
  • KPI analytics to support strategic decisions.

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