Upfront agreement of the project plan of the engagement, including key dates for interaction and data, to ensure effective mobilisation and efficient use of your time and resource.

We will structure the plan to focus on priority classes which have the greatest volatility and the most material impact on the overall reserves. As part of our analysis we will carry out projections and adopt bespoke assumptions setting exercises to determine the expected future claims for each class of business.

For classes where a full review may not be possible due to data constraints, we will leverage external data in order to produce appropriate benchmarks.

We will have discussions with you to understand your business and segmentation. This will involve meetings with your key underwriters and claims team to understand your portfolio. We are happy to align this with your auditor meetings as required.

Formal reporting
Key deliverable includes an Actuarial report which will be accompanied by a management presentation. At a high level the report will include:

• 1. An executive summary of the key findings;
• 2. Overall reserve results including a clear explanation of key risks by line of business and overall portfolio level;
• 3. Presentation of trends using Visualisation tools;
• 4. Summary of adopted Methodology and assumptions.

Ongoing reporting

• 1. Regular communication of progress.
• 2. Advanced warning of possible concerns.
• 3. Audit trail and explanation of changes to estimates / views between draft and final results.

Actuarial reserves signed on by highly experienced actuaries who have attained Fellowship status at accredited actuarial institutes.