Insurance With-Profits Modelling Roundtable

With-profits models sit at the intersection of financial reporting, governance and customer outcomes, and the demands placed on them are increasing. Regulatory expectations around explainability and validation have risen. Consumer Duty has raised the bar on demonstrating customer outcomes. Shorter reporting cycles are adding pressure that existing infrastructure was not built to absorb. In many firms, models have not kept pace with these demands.

Grant Thornton is bringing together senior actuaries and modelling leads to step back from day-to-day delivery and explore these challenges. This will be a small, focused roundtable under Chatham House Rule, designed to encourage open discussion rather than presentations.

The discussion will be shaped by participants, and is expected to cover:

• model validation and explainability in a stochastic context, where traditional baselining approaches are often difficult to apply
• how firms are managing the tension between model run-times and shorter reporting cycles
• how firms are approaching the right sizing of their modelling frameworks

We will also explore the role of new technologies, including automation and AI, in supporting future capability.

This session is for With-Profits Actuaries and senior actuaries responsible for modelling, reporting or oversight of with-profits business.

Places are limited to ensure a high-quality discussion.