Actuarial services

When it comes to addressing actuarial issues, you can’t afford to take any chances. Our range of services covers all the major areas, from financial modelling to strategic reviews, and offers the experience and reassurance you’re looking for.

We always have your best interests at heart and we’re geared towards helping you reach your goal, whatever that may be. Of course, you’ll always know our actuarial work is subject to the latest quality control standards and offered at cost-effective rates.

OAC is accredited for its professional services under the Quality Assurance Scheme (QAS) from the Institute and Faculty of Actuaries (IFoA).

Chief Actuary & With-Profits Actuary roles

We can provide you with:

  • Senior qualified actuaries to carry out the role of Chief Actuary as required by the PRA for Solvency II.
  • Individuals to carry out the role of With-Profits Actuary for firms transacting with-profits business, to act as the "with-profits advisory arrangement" expert or as an expert member of a with-profits committee.
  • Actuarial Function Holder, Appropriate Actuary or Reviewing Actuary.

OAC is accredited for its professional services under the Quality Assurance Scheme (QAS) from the Institute and Faculty of Actuaries (IFoA)

David Lechmere

For more information
David Lechmere
Head of Actuarial

Reserving & capital management

Our experts have the management background to help you with all aspects of reserving and capital management, including:

  • All aspects of Solvency II reporting, including capital requirements, annual reporting templates, asset reporting, Solvency and Financial Condition Report (SFCR) and Regulatory Supervisory Report (RSR).
  • Risk identification including forward-looking assessment of solvency, ORSA projections and reverse stress-testing.
  • Advice, calculation or review of estate, estate attribution and bonus philosophy issues.
  • Investment strategy including asset liability modelling and stress testing.
  • Adequacy and suitability of reinsurance provisions.
  • Regulatory impact on financial structures and governance framework.

OAC is accredited for its professional services under the Quality Assurance Scheme (QAS) from the Institute and Faculty of Actuaries (IFoA)

Cara Spinks

For more information
Cara Spinks
Consultant Actuary

Financial modelling

OAC provides a wide range of financial modelling and data analysis needs. Our modelling team is covered by the Institute and Faculty of Actuaries Quality Assurance Scheme so we can guarantee that we meet the highest quality consultancy standards for the full project lifecycle, from identifying business and audit requirements, through building, implementing and validating modelling solutions, to the presentation of complex financial reports.

Mo.net financial modelling

For more than 10 years we have been the leading supplier of modelling services for the Mo.net Financial Modelling Platform, built by our sister company Software Alliance. OAC provides modelling capability for many clients using Mo.net and has developed a suite of standard insurance models to kick-start your implementation. Mo.net is also the core engine used by our team providing actuarial consulting services.

To ensure your Mo.net team are always at a level to fully exploit Mo.net, OAC can also arrange bespoke Mo.net induction or advanced training for your employees. We can also provide model design services for your new models to ensure that you can future-proof and scale your models optimally.

Our team are vastly experienced in understanding model design and optimization and can provide a model review service to ensure that your model is optimally tuned for the rigours of Solvency II model runs.

Mo.net models can be provided as a tactical solution if your current systems are unable to provide the calculations that you require. Contact us to discuss a Mo.net model implementation to meet your specific needs.

Quantitative and data analysis

Our team are also experts in actuarial quantitative analysis and can provide a bespoke service using a wide range of systems to meet your needs. Whether you require claims analysis, competitor analysis or dashboard creation then our team can provide the right solution.

Spreadsheet analysis

Our team are experts in implementing best practice in spreadsheet models. Model reviews can be undertaken to test spreadsheet models, often using the Mo.net system to validate your own internal models.

OAC is accredited for its professional services under the Quality Assurance Scheme (QAS) from the Institute and Faculty of Actuaries (IFoA)

Darren Richards

For more information
Darren Richards
Chief Executive Officer

Product design & pricing

At OAC we know just how demanding it can be to bring a new product to market. We’re here to take the headaches away.

  • Assistance with the actuarial pricing, design and marketing literature for new products.
  • Experience in designing specialist niche products, particularly in the income protection sector.
  • Implementation of new product designs into existing financial models for the purposes of regulatory reporting.
  • Help with capital requirements, constraints and regulatory reporting.

OAC is accredited for its professional services under the Quality Assurance Scheme (QAS) from the Institute and Faculty of Actuaries (IFoA)

Christopher Critchlow

For more information
Christopher Critchlow
Director | Head of Professional Services

Strategic reviews

Every business needs to think about its objectives and how best to achieve them. We can offer realistic, practical solutions and support to make them happen.

  • Helping businesses think about and reach their objectives.
  • Working with senior management to help define their strategic goals and how they can be met.
  • Helping Boards and senior management to make sense of the actuarial implications of any proposals.
  • Highlight issues that have an impact on other aspects of a business’s functions.
  • Undertake due diligence on new ventures, mergers or acquisitions.
  • Act as an "Independent Expert" on whether the firm’s proposals meet regulatory requirements and are consistent with the interests of the firm’s stakeholders.
  • Acting as a Part VII “Independent Expert” on proposals involving transfers of business from one entity to another.
  • Peace of mind that the key staff appointed have the necessary skills and experience to ensure the work is done properly.

OAC is accredited for its professional services under the Quality Assurance Scheme (QAS) from the Institute and Faculty of Actuaries (IFoA)

Christopher Critchlow

For more information
Christopher Critchlow
Director | Head of Professional Services

Skilled Persons' reports

Our team includes highly trained individuals with the appropriate skills to carry out all aspects of Skilled Persons' reports and transfers of business, mergers and acquisitions. We can help by:

  • Carrying out investigations and producing Skilled Person reports as required by Section 166 of FSMA.
  • Acting as an Independent Expert in a transfer of business under Part VII of FSMA 2000.
  • Acting as an Independent Expert in a transfer of engagements of a Friendly Society.
  • Carrying out investigations and acting as the specialist adviser for organisations considering a transfer of business, merger or acquisition.
David Lechmere

For more information
David Lechmere
Head of Actuarial