We have been the in-house actuarial function for a start-up managing agency since early 2014 supporting the managing agency in all actuarial areas in their successful entrance into the Lloyd’s market, with the new syndicate approved to begin writing business in early 2015. We have continued to support the start-up agency post go-live.
The core actuarial work for the SBF, capital model, reserving, pricing and documentation are outlined below. More
We have recently performed and provided subject matter expertise to the independent validation of the capital model built by a large Lloyd’s managing agent. The review included detailed analysis of current documentation and results, discussions with management and piecing all information together to give a clear detailed description of the model strengths and any possible limitations. This is the second annual review of the internal capital model we have performed for our client, with the positive result of transitioning from an “amber” to a “green” Lloyd’s rating. More
Dynamo has worked in conjunction with a large London Market insurer to develop and roll-out a Technical Provisions (“TP”) and Standard Formula (“SF”) application for three entities. The installation will eliminate the need for spreadsheet based working and reporting, saving time and reducing errors. The applications import all required input data to an SQL database where a series of calculation steps take place. The database is queried by our software to generate standardised and customisable reports. More