What if inflation surges through every claim?

A buy-in price, member by member

Price, BEL and 1-in-200 longevity BEL for a scheme, every member valued on every path.

Year-end BEL and SCR, every member simulated

BEL, the one-year SCR and the coverage ratio, every member revalued in every stress.

Capital by full nested simulation

A year of real-world risk, the whole book revalued on its own risk-neutral paths at its end: the 1-in-200 capital with no proxy.

A migration, reconciled member by member

Legacy and Hensel valuations side by side for every member, and where they part.

The whole book, every member projected

BEL and the guarantee's cost on real-world paths, every member valued on every path.

Internal model SCR on the full book

The 99.5% one-year loss with rates, equities and longevity together, before and after the bonus potential.

Hedging the guarantees against the full book

The 1-in-100 guarantee loss with and without receiver swaptions, and what they cost.

Motor renewal: expected cost, policy by policy

The baseline: each policy's expected claims given the year's frequency and inflation, no claims drawn. Scenario risk only.

Motor renewal: claims simulated, policy by policy

Every policy's claims drawn in every year, beside the expected-cost baseline on the same years: how much of the 1-in-100 is claim randomness.

Motor renewal: a premium for every policy

Each policy's indicated premium, its capped rate change and renewal premium, and who the caps leave under- or over-priced.

Windstorm losses, location by location

Each year's largest windstorm over every insured location: AAL, 1-in-200 and the 1-in-250 PML.

Reserves from every open claim

Best estimate, 75th percentile and the 99.5% tail excess of the ultimate cost, every open claim developed on every path by shared shocks.

Reserve risk, claim by claim: ultimate and one-year

Every open claim with its own development and settlement time, on the ultimate view and as a one-year claims development result.

A marine account, risk by risk

Attritional and port-accumulation losses on every bound risk, gross and net of a quota share and a per-risk excess of loss.

VM-20: indexed universal life, nested

An IUL block's net premium, deterministic and stochastic reserves, its index hedges priced by inner simulation at every future year.

VM-21: variable annuities under a hedging strategy, nested

A GMWB block hedged by its delta, the delta read every year on every scenario by inner simulation.

VM-21 hedging: Greeks and a lookahead hedge, nested three deep

A GMWB block hedged on its Greeks, read by inner simulation at every node, each year's hedge chosen on its own lookahead paths: CTE 70 hedged, delta-only and unhedged.

VM-22: fixed indexed annuities, nested

An FIA block's stochastic reserve, its hedge options priced by inner simulation at every future year, and the exclusion tests on the NAIC's 16 prescribed scenarios.

Policyholder behaviour: experience, dynamic lapse and the reserve

Actual over expected lapses by how far the guarantee is in the money, and what the assumed dynamic lapse does to the VA reserve.

Asset adequacy and C-3 Phase I: fixed deferred annuities

One cash-flow model of a deferred annuity block and its bonds: asset adequacy on the New York 7 and stochastic scenarios, and the C-3 Phase I interest rate capital.

Validating the scenarios and the book, record by record

Three independent checks: the martingale test, two halves of the paths against each other, and every member against a recomputation.