Paul has worked in the insurance industry (Non-Life and Life) for over 17 years in various roles in global insurance companies as well as a Lloyd’s syndicate and most recently at AIG. Paul’s experience has spanned tax, data and financial forecasting, producing statistical information & analytical models, data extraction and analysis, maintaining data quality indices, management reporting and risk & pricing analyst.

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Prior to joining a Lloyd’s Managing Agency, Paul focused on all types of insurance portfolios, their historical performance & projections of future trends. He contributed to the development of IT systems (in-house and at third party administrators) to ensure the necessary information was generated and processes met. This also involved assisting in the auditing of existing & prospective TPA’s premium & claims administration systems.

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For 5 years at Lloyd’s, Paul was responsible for supporting Senior Management to effectively monitor and manage the Syndicate’s underwriting operations. This included:

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• the development & methodology of pricing models, quote rates for prospective clients, developing & enhancing underwriting methodology & data modelling techniques.
• the review of business performance & assessing the underwriting implications of proposed changes
• completion and submission of Syndicate regulatory reporting to Lloyd’s of London e.g. PMD, RDS, Contract Certainty returns
• inputting to the delivery of Syndicate plans and year end reporting, liaising with Finance, Actuarial, Claims and Underwriting departments
• Reviewing and signing off the quarterly reinsurance statements

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At AIG, Paul worked closely with underwriting senior management on developing strategies to improve risk segmentation & selection, underwriting profitability and risk adjusted profitability. This included:

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• Production of profitability studies on portfolios including trending & analysis of claims for effective decision with MGAs
• Ownership of full data spectrum for Commercial Package & SME products written in UK and Ireland.
• P&L quarterly detailed commentary
• Review Catastrophe Management and modelling
• Implement Portfolio Management Plans for UK/Ireland
• Interact with claims department to understand drivers of loss development and identify potential new loss trends
• Segmentation and analysis of the portfolios to identify key areas for growth, maintaining profitability and producing recommendations for improving unprofitable segments.

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More latterly, Paul gained additional responsibilities across Actuarial tasks on AIG’s Commercial Property:

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• Profitability studies for European countries split by occupancy
• Production and selection of development factors by European countries in RESQ (used in profit studies)
• Rate monitoring automation onto Rstudio. New process requiring construction of programming script.

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