Risk services

RISK SERVICES

We support insurance clients with all aspects of risk management and risk and capital reporting.

Overview of Risk Services

We help regulated insurance firms manage all aspects of their operational risk, ensuring that they are operating in line with all relevant guidance from the relevant regulators.

What We Do

We support clients with the development and maintenance of risk frameworks including policies, appetites, key risk indicators and risk registers. We can assist you with annual planning, ORSA delivery, Stress and scenario testing, control effectiveness testing and risk analysis. ICSR has considerable practical experience in, and can assist with, various risk management matters such as:

  • Developing Risk management Target Operating Models
  • Risk management framework development and review (Solvency II compliant where necessary)
  • Risk policies and processes development and review
  • Risk appetite thresholds and tolerances
  • Risk reporting frameworks
  • Risk Culture, Conduct Risk and Cyber Risk assessments and implementation of recommendations
  • Development and implementation of KRIs, Emerging Risks and Loss Events frameworks
  • Programme/Project and M&A Risk Management
  • Risk and control registers, development and review
  • Annual risk management activity plan
  • Control effectiveness testing/monitoring
  • Stress and scenario development and testing
  • ORSA frameworks (policy, process, report) preparation and review
  • Solvency II System of Governance reviews
  • Risk management outsourcing full/partial
  • Reviews, audits and health checks on all aspects of a Risk function including resourcing, frameworks and all other activities such as reporting processes
  • Selection and implementation of GRC applications
  • Provision of Risk Management training to Control Owners, Risk Owners, C-Suite and NEDs

Key Contacts:

If you would like to know more about the way we could help your firm, please speak with one of our Risk specialists.

Latest Risk Case Studies

Assisting Client With Integration Of Governance, Risk And Compliance Frameworks

Assisting Client With Integration Of Governance, Risk And Compliance Frameworks

Assisting Client With The Parameterisation Of Its Operational Risk Processes And The Redevelopment Of Its ORSA Process And Templates

Assisting Client With The Parameterisation Of Its Operational Risk Processes And The Redevelopment Of Its ORSA Process And Templates

Assisting European insurer with Application for UK Authorisation

Assisting European insurer with Application for UK Authorisation

Undertaking Financial Crime Risk Assessment For Client

Undertaking Financial Crime Risk Assessment For Client

Monitoring Appointed Representatives Compliance Adherence for Principal

Monitoring Appointed Representatives Compliance Adherence for Principal

Support Developing Operational Resilience Control Framework

Support Developing Operational Resilience Control Framework

Development of ORSAs and related ERM work

Development of ORSAs and related ERM work

Development of Climate Change and ESG Frameworks

Development of Climate Change and ESG Frameworks

Provision of Temporary Compliance & Risk Support

Provision of Temporary Compliance & Risk Support

Advising International Firm on the Application of the Temporary Permissions Regime to Its Business

Advising International Firm on the Application of the Temporary Permissions Regime to Its Business

Advising International Firm On Options For UK Structure Post-Temporary Permissions Regime

Advising International Firm On Options For UK Structure Post-Temporary Permissions Regime

Assisting Client With Project Delivering PRA and FCA Operational Resilience Requirements

Assisting Client With Project Delivering PRA and FCA Operational Resilience Requirements

Support Preparing For Introduction of Operational Resilience and Business Continuity Planning

Support Preparing For Introduction of Operational Resilience and Business Continuity Planning

Support with Brexit Planning for European Reinsurer

Support with Brexit Planning for European Reinsurer

Support With The Post-Acquisition Integration of London Market & Lloyd’s Brokers

Support With The Post-Acquisition Integration of London Market & Lloyd’s Brokers

Recovery and Resolution Planning

Recovery and Resolution Planning

Review client’s governance, control and risk frameworks to ensure that the operating model remained fit for purpose

Review client’s governance, control and risk frameworks to ensure that the operating model remained fit for purpose

Assisting Client’s Management Prepare for Lloyd’s Governance, Compliance and Culture Review

Assisting Client’s Management Prepare for Lloyd’s Governance, Compliance and Culture Review

Assist with changes to governance, capital model, risk, compliance, operations, claims functions and frameworks

Assist with changes to governance, capital model, risk, compliance, operations, claims functions and frameworks

Supporting client with Due Diligence Work for Private Equity Backed M&A Activity

Supporting client with Due Diligence Work for Private Equity Backed M&A Activity

Assistance with implementation of control framework in merger of multinational client with London Market Insurer

Assistance with implementation of control framework in merger of multinational client with London Market Insurer

Review of US-owned firm’s UK Conduct Risk Framework

Review of US-owned firm’s UK Conduct Risk Framework

Temporary Permissions Regime for Brexit And Outsourced Compliance and Risk Resources

Temporary Permissions Regime for Brexit And Outsourced Compliance and Risk Resources

Merger & Acquisition: Control Framework Implementation

Merger & Acquisition: Control Framework Implementation

Product Governance and Compliance Monitoring Rebuild

Product Governance and Compliance Monitoring Rebuild

Latest Risk Articles

Advisory | Resourcing | Training

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