TOPICS
AND VALUES
Embedded Files
Every enterprise is unique in its governance, employees, clients, business model, goals, andt ambitions.
A customized approach is essential for effectively resolving issues. This is especially true when it comes to such a rich, versatile and diverse activity as studying data.
TASC advocates that data-driven consulting should never adopt a one-size-fits-all model. Solutions must be tailored to the specific inquiries and the context of the enterprise. In short, they should be tailor-made.
ACTUARIAL TOPICS
ACTUARIAL TOPICS
The actuarial role is central to an insurer’s operations, as it encompasses calculations related to premiums, reserves, and solvency. Most actuarial techniques are grounded in general statistical models, making statistical expertise highly applicable to actuarial functions.
INSURANCE SUPERVISION
Insurance activities are subject to regulation, and practitioners must remain mindful of supervisory requirements.
TASC provides consulting services to (re-)insurers on regulatory aspects, particularly under Solvency II, the Delegated Acts, and relevant EIOPA documentation.
Examples include:
Calculating technical reserves or solvency capital
Conducting qualitative and quantitative risk assessments
Evaluating the adequacy of assumptions, statistical/actuarial models
Verifying internally produced figures
CLIMATE CHANGE
A growing challenge for the insurance industry is sustainability, particularly the broad spectrum of risks arising from climate change.
The European regulator now mandates that climate change risks be integrated into overall risk assessment.
Insurers may begin with qualitative arguments, but over the years they must demonstrate increasing efforts to quantify risks within a scenario-based framework.
TASC can assist (re-)insurers in meeting regulatory requirements and understanding the business impacts of climate change.
INSURANCE PRICING
Insurance pricing is not subject to regulatory oversight. Insurers have the freedom to apply any methodology, from traditional statistical/actuarial methods to modern data science techniques.
TASC can support pricing of (re-)insurance contracts across life, non-life, and health sectors, including developing new pricing models or revising existing ones.
STATISTICAL ANALYSIS
STATISTICAL ANALYSIS
Statistical studies are essential for a wide range of activities where data is collected. While there can be no statistics without data, data without statistical analysis lacks meaning.
From agriculture and economics to medicine, tourism, and transportation, statistical analysis is crucial for understanding real-world phenomena, assessing the effects of interventions, making predictions, and shaping policies.
TASC helps enterprises, government institutions, and non-profit organizations transform collected data into knowledge. Its mission is to provide state-of the-art statistical consulting, ensuring transparency in methods and procedures so that clients can assess and trust the quality of the work themselves.
SUSTAINABILITY FOR ENTREPRISES
SUSTAINABILITY FOR ENTREPRISES
Sustainability has become a concern for all enterprises, not just insurers.
How will future carbon pricing impact a company’s operations?
How might rising temperatures affect the supply of certain goods and, consequently, production?
These are just some of the questions addressed through scenario analysis, which is tailored to a company’s specific parameters, such as data and risk mitigation strategies. Scenario analysis can incorporate various statistical techniques, including modeling, estimation, simulation, and bootstrapping.
TASC is dedicated to exploring both the qualitative and quantitative aspects of these challenges, providing deeper insights into the potential business impacts.
CORE
CORE
VALUES
VALUES
IN
IN
CONSULTING
CONSULTING
TASC’s values are grounded in the principles of professionalism and integrity in consulting. These include independence, impartiality, objectivity, and prudence, which are particularly crucial in the context of insurance consulting.
In addition, TASC prioritizes the application of expertise, creativity, curiosity, and proactivity throughout the consulting and research process to ensure the delivery of high-quality outcomes.
Moreover, the services provided—such as reports, software, training materials, and documentation—are designed to be self-sufficient and independent of their creators. This ensures that clients have all the necessary tools to utilize the services effectively and to further develop them if desired. Therefore transparency in consulting methods, comprehensive documentation, and effective knowledge transfer are central to TASC’s approach, fostering trust and collaboration with clients.
Page updated
Google Sites
Report abuse