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Choosing an independent expert

Choosing the right independent expert for a Part VII transfer can be a tricky process.  Each project requires a team with a wide-ranging and diverse portfolio of expertise, a clear understanding of regulatory priorities, the ability to break through corporate silos and communicate effectively across professional disciplines, and a clear and crisp methodology accepted by regulators and the Court.  The team must be problem solvers and solution finders.

 

How we can help

  • As a boutique non-life actuarial firm, demonstrating independence is straightforward and efficient.
  • We have extensive Part VII experience and have also worked on the side of the regulators on a recent transfer.
  • In 2023, one of our senior analysts was seconded to the PRA as case officer on a successful Part VII transfer.
  • Our own track record of successfully completed transfers is well-documented, with experience working with a range of both in-house and external legal teams, small and large, legacy and live, internal model and standard formula transfers.
  • We pride ourselves on helping firms navigate the maze and solve the complex issues that arise with any Part VII transfer, going beyond simply responding to the transfer proposed. 

 

PRA Part VII Statement of Practice

Click below to learn more about the PRA’s Statement of Policy for Part VIIs.

Statement of Policy: The PRA’s approach to insurance business transfers

 

Our Thinking

Click below to read our thoughts on Part VII Transfers in a post by our senior actuary, Kendra Felisky.

Seven Thoughts on Part VII Transfers

 

Get in touch

Contact us to learn more about what we can do for you.

Contact us

Part VII Transfers