Aon Benfield has always taken an innovative approach to finding answers to clients’ needs. We were the first reinsurance intermediary to employ actuaries nearly 20 years ago. Today, combining high caliber professional skills with a thorough understanding of the market, our experienced and accredited actuaries provide astute advice and develop innovative risk solutions to resolve clients’ most complex challenges.
Highly regarded throughout the industry, Aon Benfield actuaries are engaged in projects that span property and casualty lines and all classes of traditional and non-traditional reinsurance and capital market transactions. The team’s expertise is far-reaching and includes: capital adequacy, capital allocation, risk/return trade offs, reinsurance optimization, risk modeling, rate monitoring, new product pricing, best practices, and other actuarial research.
Our actuarial professionals are also a fundamental element of Aon Benfield’s research and development initiatives and collaborate closely with our reinsurance account teams to perform traditional exposure and experience analyses, including:
- Volatility measurement, expected outcomes, and the impact of adverse events.
- Development of exposure and experience reinsurance rate indications based on a client's policy profiles, premium, and loss experience.
- Evaluation of loss development patterns, loss distribution curves, trend factors (including frequency and severity observations), historical and projected ultimate loss ratios and rate changes.
Moreover, the insight and expertise we provide leads to a better understanding of your portfolio as well as better reinsurance design, price, and placement. Our actuarial professionals advocate on your behalf, working closely with reinsurers in what can be complex negotiations, to help ensure that the proposed reinsurance transaction is well positioned.
Our strong reputation has also triggered demand from many of the world’s leading insurers, reinsurers, underwriting pools, and government entities for consultancy services and independent technical analysis of reinsurance and risk mitigation strategies.