An insurance client was under pressure to deliver a capital remediation project following regulatory and market changes, in a challenging and competitive market.
Recalibration and re-modelling would require an additional specialist resource to help meet key delivery dates throughout 2020 and the required submissions to Lloyd's. In a challenging environment, speed was critical in deploying experience consultants quickly and remotely, with the relevant specialist expertise to deliver.
ECMS provided a Projects as a Service model with Specialist Actuarial Associates identified by the ECMS network, to provide specialist capital remediation support. Our agile approach and strong network allowed us to deploy quickly and remotely.
ECMS Associates that were deployed to support this project also supported the wider business in recalibrating the model, preparing and extracting data remediation and supporting with IFRS 17 data requirements.