Director
Juniper Engineering Services Ltd
Total years of experience :16 years, 8 Months
• Provide consultancy and actuarial data analysis services to the insurance industry
• General management of a limited liability company to include
o Costs, revenue and credit control
o Client management
o Business development
o M&A evaluations, projections and negotiations
• Review of reserves for the key accounts to provide
o Actuarial audit support
o Background report for Statement of Actuarial Opinion
o Independent verification of the levels of booked reserves
• Leading reserving reviews and full actuarial audit projects for clients with the following lines of business:
o Captive insurance and reinsurance clients
o Commercial General insurance (EL, PL, Motor, Property, BI)
o Medical insurance
o Payment Protection Insurance
• Development of guidelines to support implementation of internal processes
• Participation on knowledge sharing initiative within the department
• Review of SAO and other reports and documentation submitted to the regulator to identify potential issues and areas of concern for reinsurance undertakings
• Participation in engagement meetings to assist the supervisory team within the technical actuarial concepts
• Provision of assistance to the supervisory team in preparation for an Risk Governance Panel
• Peer review for self-fund reviews of various local and police authorities in the UK
• Reserving review and preparation of SAO’s
• Preparation and peer review of Gap Analysis and compliance levels for Solvency II of insurance companies in the UK and Ireland
• Development of Boot Strapping section of the in-house reserving software
• Reserving review and update of the Property and Liability claims as at 31/12/2010
• Analysis of PD risk profile to estimate the optimal level of reinsurance cover required and suggest allocation of Excess of Loss reinsurance cost between various sections of the portfolio
• Development and implementation of portfolio profitability management model and risk based criteria for renewal of clients within the Property Book
• Simulation modelling to estimate the ultimate level of claims for 2011 and suggest optimal reinsurance programme for 2011
Technical achievements
• General data manipulation skills
• Lead consultant on a number of insurance programme optimisation studies
o Determination of the appropriate claims distribution using @Risk
o Development of simulation models in Excel
o Simulation and summarising the modelling results
o Verification of the results and validation of the proposed insurance structures with the appointed brokers
o Preparation of the reports and presenting the findings to the client
• Analysis of the provisions within the self-insurance funds of various local authorities in the UK and Northern Ireland - project manager and lead delivery consultant.
• Development of the Enterprise Risk Management Systems:
o Facilitation of risk identification and prioritisation
o Development of quantitative and qualitative risk maps
o Developed and implemented a new approach to building risk maps linking the operational risks to their financial value utilising the expert evaluation method
o Development of actuarial, mathematical, operational and other appropriate models for quantification of critical risks including:
o Asset modelling
o Operational management optimisation models
o Development of mitigation actions in relation to the identified key risks
o Analysis of current risk management practices within the company as well as the analysis of the international best practice.
Client management
• Establishing the initial client contact and maintenance of the existing relationships
• Regular client contact throughout the project lifecycle
• Understanding clients’ needs and presentation of the final results
• Maintenance of repeat annual business and cooperation with sales executives
