OAC Focus - Q4/09
The Actuarial Profession -
Life Convention 2009 Edition
Topics include: Solvency II; Impact of latest regulatory changes on the IFA distribution channel; Future direction of regulation; Risk and capital management; Complaint management; Retail Distribution Review; Technical Actuarial Standard for Modelling; Technical Actuarial Standard for Insurance Business; The way ahead for actuarial contractors.

OAC Focus - Q4/09
AFS Annual Conference and
AGM 2009 Edition

OAC Topical Article - Q2/09
Key Features Documents - Good and poor practices, part 2

OAC Topical Article - Q2/09
FSA bursts the bonus bubble

OAC News Q2/09
Compliance Consulting and Regulatory Outsourcing Edition
(Related page: Pension Switching Advice)

Terms and Conditions of Business

Risk assessment

Firms need adequate processes and procedures in place to identify and mitigate the risks that may threaten the firm, or the service it provides to consumers. Identifying those risks is only the first step. They need to be assessed, so that both the exposure and the potential impact are understood. The fundamental question for management is "Are the risks to which the business is exposed matched by our attitude to risk, and by our capacity to withstand adversity?"

OAC Actuaries and Consultants has a deep understanding of the financial and operational risks to which firms are exposed. We can help you to ask the right questions, find the answers, and deal with those answers that are uncomfortable.

How do you identify and mitigate risk?
What process and procedures are in place to manage risk? Will they satisfy the regulator?
What about data protection and money laundering risks?
What additional risks are represented by new products, new processes and new initiatives?
What about compliance failures?
What margin does the business have over the minimum capital requirements?
Is the PI cover adequate for the capitalisation of the firm?
What management information do you have to monitor risks, and what do you do with it?
And what about disaster recovery? How do you keep the business going if the unthinkable happens?