Insurance Risk Management is the assessment and quantification of the likelihood and financial impact of events that may occur in the customer's world that require settlement by the insurer; and the ability to spread the risk of these events occurring across other insurance underwriter's in the market. Risk Management work typically involves the application of mathematical and statistical modelling to determine appropriate premium cover and the value of insurance risk to 'hold' vs 'distribute'.
Create the right risk strategies to achieve the enterprises strategic aims and implements the optimum frameworks to ensure risk is appropriately managed.
Put in place an enhanced risk framework following an acquisition.
Putting words into action – delivering risk performance within agreed tolerances at the sharp end – day after day.
Assisted in the development of an enhanced Risk Appetite process for a general insurer.
Create the optimum organisational solutions and equips the enterprise with the right skills and capabilities to manage risk to achieve strategic aims.
Deployment of an experienced PwC Partner to act an interim CRO for the Wealth Business of a 'Big 4 Bank'.
© 2017 - Fri Mar 05 05:29:55 UTC 2021 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. Liability limited by a scheme approved under Professional Standards Legislation.