Michael Carter's Contact Details

Michael Carter's Company Details

Carter Project Consulting Ltd

Bristol, England, United Kingdom • 2 Employees
Management Consulting

The cost of reporting is increased under Solvency II. Each risk type be it · Financial, · Market, · Underwriting, · Operational, requires data to be accurate, appropriate and complete for use in the capital/risk model. Data gathering and its subsequent use in modelling is a time consuming and expensive task. The modelling itself tend s to be an iterative process, the number of iterations being subject to sensitivities within the business which are met by either deterministic or stochastic modelling techniques. The demands of these techniques themselves dictate the frequency with which models are run and run-times themselves become an issue as goal seeking and curve fitting algorithms need to process large numbers of observations to fit risk functions to distributions. The costs and expenses of this activity is offset against the reduction in Capital reserved for against losses by an undertaking when assessing its aggregate probable maximum loss at the 1 in 200 percentile. The number of man days expended in producing these financial balance sheets is high when compared to other industries that have a more determinate set of outcomes to quantify. Your business is complex.... thinking about data and providing more solutions..... email info@carterprojectconsultingltd.co.uk