Case Study: Deloitte improves insurance risk analysis with Lumivero @RISK

Deloitte Uses @RISK to Advise Clients on Risk-Heavy Insurance Partnerships

The global consultancy firm Deloitte needed to help its cell captive insurance clients assess the significant financial risks involved in forming new insurance partnerships. To provide this crucial advice, Deloitte's team, led by an actuarial analyst in South Africa, required a powerful tool to model complex, high-stress scenarios and determine the necessary capital reserves. They turned to Lumivero's @RISK software to perform this sophisticated risk analysis.

Lumivero's @RISK solution enabled Deloitte to build stochastic models using Monte Carlo simulations, which were run 100,000 times to forecast potential losses in extreme, one-in-200-year events. The software's specialized features, such as the Compound function and correlation tools, simplified complex calculations and saved significant time. This allowed Deloitte to provide clients with clear, data-driven assessments of risk exposure and the required capital, ultimately helping them make informed decisions on partnerships and mitigate potential losses to acceptable levels.

Deloitte

ALiran Blasbalg

Actuarial Analyst