Call us: (647) 960-2894 or Email: mike.lombardi@mlbcconsulting.com
Business Strategy
Insurers are constantly seeking ways to grow their business, increase revenues, and improve profitability. However, growth also introduces risk. The key challenge is to maximize profit while finding the right balance between risk and reward.
How We Help
MLBC helps clients evaluate risk and manage costs by applying diverse actuarial, operational, and market experience. We provide personalized support and innovative solutions to help you answer critical questions, such as:
- Does our business and marketing strategy make sense?
- Are the forecasts and assumptions in our business plan realistic?
- Have we properly understood and captured the forces underlying our business environment?
- What are the reasons our business plan is failing, and what can we do about it?
- How can we maximize our company’s risk-adjusted return while staying within our risk appetite?
- How can we price our products to ensure each risk is appropriately charged for its use of economic or regulatory capital?
Reinsurance
Reinsurance provides coverage against insured events while avoiding the expense of excess coverage. From a broader financial perspective, reinsurance should be viewed as a form of capital that creates value by substituting for more expensive sources like corporate debt or equity. The primary goal is to increase shareholder returns while reducing earnings volatility.
Expert Guidance
MLBC guides clients in selecting and optimizing their reinsurance programs, ensuring that the solution aligns with their business strategy, projected growth, target returns, and capital requirements. He can work with you to:
- Review and select appropriate levels of reinsurance.
- Redesign the reinsurance structure to achieve optimal value.
- Analyze the financial impact of various alternatives.
Actuarial Advice
Insurers rely on expert actuarial services to meet corporate and regulatory requirements. Mike Lombardi is a recognized industry leader who has advised some of the largest insurance companies. He has been at the forefront of advancing the work of the appointed actuary throughout his career, performing this role or acting as a peer reviewer for dozens of companies. He has provided regulatory sign-off for:
- Valuation of liabilities (Appointed Actuary)
- Determination of regulatory capital (MCCSR and LICAT)
- Peer review of appointed actuary work (E-15)
- Stress testing (including DCAT and FCT)
- Dividend policy
- Independent actuary
Protecting Your Future
We provide guidance on emerging issues and their potential impact on future financial results. Mike Lombardi is a frequent author and speaker, presenting to boards of directors, company management, and at industry conferences on specific actuarial topics.