Warrenfam

Our services for life assurance companies cover three main areas. We can act as Appointed Actuary, assist with product development and provide actuarial management services.

Appointed Actuary

We can act as Appointed Actuary. As such, we can carry out the statutory valuations required under the Insurance Companies Law and complete the statutory valuation returns including the solvency margin requirements. We can also determine the Long Term Business Provisions for inclusion in the audited Accounts. We can produced of an annual (or quarterly) management report which provides an overview of the operations and will include product profitability, expense, investment, new business and decrement analyses. These reports are invaluable in providing management information with which to make key decisions.

Product Development

We can design new contracts or amend existing ones to meet the changing needs of Insurance Companies and members in an environment of increasing regulation. We can assist in the development and profit testing of a full range of products including conventional, unit linked and unitised with profit contracts, permanent health insurance, critical illness cover, medical expenses insurance and long term care.

Actuarial Management Services

We can advise on investment and reinsurance strategies and carry out related asset/liability and risk management studies. We can also carry out feasibility studies and business plans for new or existing companies, value companies, and when required advise on insurance company mergers and acquisitions. We are able to advise on and incorporate a full range of distribution channels into our models, and in particular have considerable experience in developing and implementing plans for Bankassurance operations.