Product and Business Development
Product and business development are essential aspects of driving growth and success in the insurance industry.
- Product Design, Pricing and Profit Testing
With our team’s extensive experience, we specialize in pricing various products within the Life, Disability, and Health Insurance markets. Whether it’s newly developed products or existing ones, we can help test premium rates to ensure long-term profitability for your enterprise.
- Actuarial Software Coding Verification
We leverage actuarial software to perform precise product pricing and valuation calculations. Our expertise allows us to conduct independent assessments of code validity, ensuring accurate results, and facilitate the seamless transfer of code between systems while effectively reconciling the outcomes.
- Business Process Auditing & Automation
Actuarial expertise and analysis enhance the efficiency and effectiveness of core operations within insurance companies, streamlining higher-level processes.
Automation of simple and repetitive tasks offers substantial time savings and minimizes the risk of human error. The extensive possibilities for automation present an opportunity for significant efficiency gains.
- Embedded and Appraisal Values
Embedded value is a particularly useful measure for valuing a company prior to its sale.
- Reinsurance Negotiation & Optimisation
SolveCo can arrange efficient reinsurance structures and negotiate favourable reinsurance premiums for your business.
- Experience Analysis
SolveCo specialises in performing experience analyses on Life, Disability and Health insurance businesses.
- Marketing Material, Policy Documentation & Technical Specifications
Any product development requires accompanying documentation and marketing material such as brochures, policy documents, application forms, and technical specifications. Policy wording is important from a legal and risk management perspective. Regulation requires that policy information comply with certain minimum standards.
SolveCo can generate accurate, current policy documentation and marketing collateral.
- Asset-Liability Modelling
The timing and magnitude of expected future liabilities has to be aligned with asset proceeds. Since the timing of some future liabilities cannot be known in advance, asset-liability matching is necessary in order to safeguard a business against cash flow problems and the need for expensive bridging finance.
SolveCo can apply the necessary modelling techniques to construct investment strategies that ensure optimal alignment to your company’s liability profile.