Risk Assesment & Quantification: Discovery Call

Here are some actuarial services you could use for product risk assessment and quantification:

Pricing analysis - Reviewing product pricing and risk models to ensure adequate pricing for the risks. Assessing profitability by risk characteristics.

Experience studies - Analyzing historical experience data to uncover insights into risk drivers, frequency and severity.

Capital modeling - Building stochastic models to quantify required risk-based capital needs under various scenarios.

Risk metric development - Identifying key risk metrics and thresholds to incorporate into underwriting guidelines, pricing and financial reporting.

Scenario testing - Running stress tests, sensitivity analysis and scenario projections to quantify range of potential financial impacts under different conditions.

Financial modeling - Developing financial models projecting liability cash flows, expenses, earnings and capital impacts based on risk analysis.

Risk appetite framing - Recommending risk limits, buffers and tolerances to define overall risk appetite and constraints.

Risk integration - Working with teams to integrate risk metrics into underwriting rules engines, pricing models and product development processes.

Reporting - Producing risk analysis reports and presentations with recommendations for management and governance committees.

Monitoring/KRI development - Defining key risk indicators (KRIs) and developing processes for ongoing monitoring and tracking.