Our skill sets from past activities enable us to work on many different tasks within the financial sector. We have undertaken numerous exercises over the past 18 years for lenders and insurers, such as:

predicting the life of mortgages for securitisation purposes predicting (for two large MIG insurers in 1989) that £5 billion of financial sector losses could arise from the housing downturn which had started the provision of “worst case” default data for an insurer of mortgage securitisations assessing the losses for a very large insurer which would arise from its MIG book, used in the presentation of its 1990 annual accounts forecasting, in 1992, the likely MIG losses of another principal MIG insurer until 1997 continuing risk work for insurers including Lloyds forecasting default and the effect on the value of a “for sale” mortgage book bringing an econometric dimension to a reserving process led by the actuaries of a large MIG insurer assisting a large lender in the pricing of a non-performing loan book which was for sale, assessing the probability of default of mortgages in arrears and the probability of recovery forecasting, for a credit score provider, how the “bad rate” might change to take into account macroeconomic factors within credit score models for secured loan, unsecured loan, credit card and mortgage books

An outline of one of our past assignments is provided here.

Whilst focused upon our Basel 11 products, we expect in 2006 to assist a new provider of equity release/reverse mortgage products in their model development. We have agreed to provide a major insurer of securitisations with portfolio valuations for any future projects, as a check on the valuations specified. We are discussing with a regional house builder the provision of detailed customised residential property price data.