There is no
typical Redmayne Consulting project
These give a flavour of
the work undertaken by Redmayne Consulting.
THE CHALLENGE
- To be the actuary in the first stage of an innovative
new protection business
THE TASK
- Produce the actuarial element of the preliminary launch
plan
- Do the initial detailed plan of the resourcing and budget
for the actuarial function
- Contribute to the company proposition and differentiating
elements
- Develop first pass pricing strategy
- including determining expense and other pricing assumptions
- Produce a pro-forma reassurance strategy and start discussions
with reassurers
- Contribute to the systems identification and selection
process
- with particular attention to quotation and underwriting
systems
THE RESULT
- The successful development of the actuarial aspects of
the new business
- The expectation of a subsequent successful company launch
|
top
Reassurance company
THE CHALLENGE
- To provide an external perspective at a reassurer’s
strategy day
THE TASK
- Give an independent review of the UK and Irish reassurance
markets
- Present incisive analysis of current trends
- Propose future scenarios for further consideration
THE RESULT
- Innovative input and thinking
- A fresh view to the internal workshops
|
top
Railway Friendly
Society
THE CHALLENGE
- To provide actuarial input into an income protection
development
THE TASK
- Provide design options for an income protection product
tailored to the railway industry
- Price selected choices
- Produce a pricing report for sign off by the Appropriate
Actuary
- Write a quotation program
THE RESULT
- The successful launch of a new income protection product
- The ability to provide ongoing support
|
top
THE CHALLENGE
- Redmayne Consulting was asked in early 2002 to identify
a protection vision for Britannic Assurance
THE TASK
- Project broken down into three streams
- market and end customer requirements and constraints
- distributor requirements
- internal opportunities and issues
- Market and end customer requirements were provided by
Redmayne
- Distributor requirements were captured in a series of
workshops with key distributors
- A series of interviews by Nigel Bradshaw and associate
Susie Cour-Palais filled in the internal position, and provided
ongoing feedback
THE RESULT
- Development of a protection vision, incorporating a long-term
position as well as a series of short-term wins
- Several short-term wins are currently being implemented
- with particular attention to quotation and underwriting
systems
|
top
THE CHALLENGE
- To develop a new protection proposition for an existing
company
THE TASK
- Project broken into three streams
- develop context, including successful axes of competitive
and branding
- review current propositions in development
- produce new propositions
- This work was done as part of a multi-disciplined team
THE RESULT
- The context work identified the importance of distribution
and brand, with product innovation as the “hook”
on which these could be positioned
- The most attractive proposition was a development of
a current proposal that the company was already looking
at. This was significantly enhanced, technical issues overcome
and initial pricing produced.
- The company has now implemented the proposition.
|
top
THE CHALLENGE
- To develop a new co-branded life product
THE TASK
- Specify the product and proposition for insurers
- Identify and source insurance providers
- Identify and specify system and other process changes
THE RESULT
- Two products are being developed for implementation
|
top
Click for
an overview of the Redmayne Consulting
approach or an introduction to the people.
To find out more please e-mail: Consultancy@RedmayneConsulting.co.uk
|
