Insurance consulting

Our insurance consulting services

The insurance industry is undergoing rapid transformation, driven by regulatory changes, emerging risks, and the rise of advanced technologies. By integrating the latest in data management, advanced analytics, finance transformation, and risk and capital strategies, we deliver tailored solutions that streamline operations and enhance decision-making.

Our key offerings include:

• Pension risk transfer solutions: We specialise in structuring and pricing transactions to offer comprehensive services, from data preparation and cashflow modelling to pricing and residual risk analysis. Our solutions facilitate the seamless transition of pension responsibilities to insurance platforms and financial systems.
• Data & analytics: ​​​​​​We develop advanced analytics and AI solutions by leveraging our technical and technology domain expertise. These solutions unlock new insights, elevate decision-making, and drive operational efficiencies. Our XPS Data Pool and Analytics capabilities deliver comprehensive insights into member and policyholder behaviour, allowing precise assumption setting and customer engagement models. Additionally, our NextGen analytics solutions equip insurers to proactively manage their business metrics, including earnings, capital, investments, liquidity, and workforce management.
• Finance modernisation: We focus on transforming and optimising financial operations for efficiency and growth. We work with insurers to optimise target operating models, deliver technology-led solutions, drive workflow efficiencies, and embed new ways of working to enhance operations. Through comprehensive change management strategies, we guide organisations through every phase of transformation, ensuring sustainable success and modern, robust financial operations.​​​​​​
• Regulatory change: We help clients navigate regulatory and accounting changes such as Solvency UK and IFRS 17, providing expert guidance through applications and approvals processes, including Internal Model applications, Major Model Changes, and Matching Adjustment applications. By staying ahead of regulatory changes, we empower our clients to maintain compliance and optimise operational strategies in a dynamic environment.
• Balance sheet & risk management: We support insurers in optimising their financial health and mitigating risk. Our capital optimisation services include matching adjustment portfolio reviews, reinsurance structuring, and hedging solutions tailored to insurers' needs. We develop sophisticated ERM strategies focusing on risk measurement, management, climate modelling, and stress and scenario testing, ensuring a resilient risk management framework.
• Governance excellence: We empower organisations to strengthen governance structures and practices, ensuring effective leadership and oversight. Our board education programs enhance the understanding and performance of board members, preparing them for strategic decision-making. We ensure policies adhere to best practices and regulatory requirements and conduct control assessments and assurance programs to evaluate internal controls' reliability.

Why choose XPS?

We stand out by providing tailored, results-driven solutions that are both technology-led and cost-effective. Our unique service model emphasises assembling the right team at the right time to address the specific needs of each client. With deep expertise spanning Insurance, ALM/Investments, and Technology/Transformation, we boast a proven track record in developing award-winning technology that delivers fresh insights and enhances operational efficiencies for our clients. Transparency, independence, and client-centric service are at the heart of our approach, ensuring your success is our top priority. At XPS, every project is executed with precision, creativity, and a steadfast focus on achieving measurable outcomes.