Implementation Reviews

Enterprise Risk Management

We work with clients to evolve their risk management capability. We re-align practices that have become ‘siloed’ and implement effective governance. Everything we do is underpinned by advanced risk architecture and analytics, enabling us to provide a comprehensive and fully integrated view of enterprise-wide risk.

We have significant experience of developing methodologies and models to measure a broad range of risks faced by financial institutions. We also create strategies to optimise balance sheets and capital structures, helping clients to fulfil their business plans.

• Model Governance
• Pricing & Reserving
• ICAAP Review?
• Capital Requirement Modelling

Insurance

With a range of challenges from increased regulation, a need to diversify earnings and increased competition, the Insurance Sector is certainly facing it’s own unique issues.

The actual cost and complexity of the Solvency II implementation and the introduction of the IFRS contracts is only now becoming clear for the majority of firms, which in turn has resulted in an evaluation of operational strategies and a re-evaluation of investment plans.

Consequently, there has arguably never been a greater need for an enterprise wide data structure combined with scalable technology. Those who will do more favourably will implement straight through processing while whilst also focusing on capital and solvency requirements.

Essential Consulting help clients to respond quickly to emerging market opportunities and the demands of regulators and rating agencies. With sector experts who have spent many years in senior roles across life and pensions, property and casualty, speciality, and reinsurance. They advise on all aspects of risk-based pricing, dynamic asset and liability management, and the adoption of enterprise risk management (ERM).

Asset & Wealth Management

As evidenced almost daily in the financial press, debt and currency issues remain at the forefront of the headlines. Changing market conditions, such as directives like AIFMD, which are forcing asset managers to adapt their investment behaviour and ultimately their business models. To maintain trust, it is vital for asset managers to prove they can control risks.

Essential Consulting has successfully implemented risk and regulatory transformations across a diverse client base, and is advising market leaders on how to shape their platforms for future profitability.

With an in-depth understanding of prudential measurement, Essential Consulting has extensive experience developing methodologies and models to measure risks. Our strong relationships with regulatory bodies ensures that our advice is at the forefront of emerging policy and financial thinking, helping asset managers to increase competiveness and strengthen their market positions.

Contact Essential Consulting today