Throughout my career, I have been involved in supporting life insurance clients around all aspects of financial reporting. This includes acting as reviewing actuary on the audit of a number of UK life companies (with-profits and non-profit) covering UK statutory, European Embedded Value and IFRS reporting. I have also advised a major financial services group on the finance implications of integrating two organisations following an acquisition.
I have led high profile projects in the redesign of financial reporting processes, both in improving the speed of reporting (fast close) and in strengthening the controls around processes. For a number of life offices, this has involved the rebuilding of actuarial modelling systems and automating the analysis of surplus process. I have also worked extensively in helping companies to carry out control work required to comply with Sarbanes-Oxley.
In addition, my work ensuring technical standards are implemented appropriately has been recognised. For instance, many with-profits and non-profit companies have implemented the PRA’s Individual Capital Adequacy Standards (ICAS), of which I advised a number of companies on how to successfully implement these standards. Plus, I have been widely involved in the development of economic capital methodology for different companies and in training boards on this subject.
Solvency II development has been the focus of a significant proportion of my time, including leading a project across a global insurer to deliver across all aspects of Solvency II implementation.
Finally, I have been involved in a number of life company transactions and demutualisations, and assisted several companies to investigate options regarding the restructuring of life funds. This includes advising a large company on options for an annuity business, with the establishment of a special purpose vehicle.
- Fellow of the Institute and Faculty of Actuaries