Profitable growth will only succeed with effective risk management, and JPWALL seamlessly connects both aspects in all our consulting. The depth and breadth of our experience and expertise is a result of our exceptional systems and processes, enabling us to be extremely efficient, whilst providing results of the highest technical quality. The innovative methods and techniques we apply in both our work and the presentation of our results enables our clients to fully understand and implement our findings.
Our risk management practice complements our profitable growth practice in the following areas:
JPWALL is the largest provider of actuarial reserving certifications across Asia Pacific. We work closely with our clients to ensure our reserving estimates are fully understood at all levels and incorporated into our client's pricing and business planning processes. As the level of reserves has a direct impact on the profitability of the business it is crucial for the IBNR component to be estimated correctly if an accurate assessment of profitability is to be achieved.
With Risk Based Capital regulations introduced in most Asia Pacific insurance markets, a true understanding of risk and its relationship to capital is crucial. In order to understand this relationship it is necessary to perform sophisticated capital modelling techniques to determine the optimal level of capital required, taking into account local regulations and management preferences. This results in an important trade-off:
JPWALL has built sophisticated DFA and Stress Testing models across Asia with the following benefits:
JPWALL advises an extensive list of leading insurers on ERM frameworks, analysing and reviewing risk management frameworks to ensure capital adequacy, by:
As part of the Appointed Actuary requirements in many countries, we provide critical insights into the developments of an insurer’s risk profile and the options available to mitigate identified threats to the insurer’s financial condition through the Financial Condition Report (FCR).
The FCR generally covers the following areas of assessment:
In preparing the FCR, we will also present to the Board recommendations for action that the insurer should consider undertaking in the following year, to address certain threats or concerns to the insurer’s financial position that have been identified. We will also review and discuss with the Board actual action steps that have been taken or implemented by the insurer in the past year following from the FCR recommendations made in the previous year-end’s Financial Condition Report.