Enterprise Risk Management
Actuarial insight that helps insurance leaders understand risk, test resilience, and make better-informed business decisions
Helping insurers assess the financial and operational risks within their business, strengthen risk management frameworks, and support ORSA and related regulatory requirements.
Enterprise Risk Management
What we offer
Effective enterprise risk management requires insurers to understand how risks interact across the organization and what those risks could mean for capital, profitability, and future performance.
Davies brings an actuarial perspective to enterprise risk management, helping insurers identify, quantify, and assess risks across reserving, pricing, reinsurance, underwriting, data, and capital. We support both the development of risk management frameworks and the analysis required to test how the business could perform under different scenarios.
Our work also supports regulatory requirements including Own Risk and Solvency Assessment (ORSA), helping management connect regulatory obligations with the practical decisions involved in running and protecting the business.
Our services
Our enterprise risk management services include:
- ERM and ORSA support
- Risk-focused reviews
- Risk and control assessment
- Model development, review and validation
- Reserve and surplus adequacy analysis
- Reinsurance adequacy analysis
- Scenario and simulation modeling
- Underwriting performance analysis
- Regulatory inquiry support
- Risk management benchmarking and best practice reviews
Our experience
Our consultants assess strategic, financial, and operational risk as part of their wider actuarial work. That gives us a practical understanding of the relationship between reserving, pricing, reinsurance, underwriting, and capital, and how decisions in one area can affect performance elsewhere in the business.
Our ERM experience includes reviewing ORSA documentation during risk-focused examinations, assessing controls around data, ratemaking, reinsurance, reserving, systems, and underwriting, and developing or validating models relating to rates, reserves, reinsurance and surplus adequacy.
We have also used simulation modeling to assess extreme loss events, reinsurance recoverables, reserve runoff, and underwriting performance. The objective is not simply to produce another risk report, but to give management information it can use to understand exposures, evaluate options, and make better business decisions.
