Services
Probability specializes in the following topics in the insurance domain:
Risk Management
We offer Risk in Managed Service. We can supply temporary staff in financial and non-financial risk management roles. We are also experienced with risk controls, developing a risk management framework for a client, writing risk policies and processes or financial risk analysis.
Risk Culture & Behavior
With our Risk Type Compass, we can help improve team- and group development and executive boards. By assessing each member’s risk type and attitude, imbalances or potential conflicts can be identified and mitigated to ensure a balance of behavior across the organization.
Audit Support
We can take care of the implementation and performance of the internal audit function in areas such as risk management, actuarial practices, IT, operational, and compliance. We also provide audit masterclasses and CAE coaching. Our work is in accordance with the IPPF standards of the IIA.
ESG
Our ESG offering includes setting ESG objectives, advice on embedding ESG in the investment process, monitoring goals by risk management, measuring ESG performance, and reporting within the regulations about the ESG goals.
Model Validation & Development
Our Model Validation Service Line performs validations on a broad range of models, for example, ALM models, valuation models, and credit risk models. We also help clients by model development in these areas. We can also rebuild an existing Excel model landscape into a stable and maintainable production environment in for example R of Phyton.
AI & ML
We have long-standing operational expertise in building and deploying AI/ML models and performing full-stack validations for banks and FinTechs. For IP-sensitive validations, we have experience with executing validations without the full model documentation or source code.
The above topics are highlights in our expertise. For other topics, please feel free to contact our sector lead directly.
Publications
Publications
Sector Lead Insurance
Amba Zeggen has studied mathematics and actuarial science and has more than 20 years of work experience in the financial sector. Amba supports organizations in connecting business strategy, risk management, and capital, by providing insight into the functioning of strong risk management tools such as the ORSA/ERB process, model governance, and the need for healthy risk culture.
In September 2015, Amba was chosen for the Actuary of the Year by peers and an independent jury. Amba has strong communication skills and is able to explain complex subjects in a clear and understandable way.