One of BWCI’s insurance actuaries, Michael Jones, has recently joined the Institute & Faculty of Actuaries’ Asbestos Working Party.
This specialist group investigates asbestos-related claims emerging in the UK insurance market to identify trends emerging in market data. The results of their research contributes back to the wider actuarial community.
Michael, who qualified as an actuary in 2018, is a manager in BWCI’s insurance actuarial team. BWCI uses the output from the Asbestos Working Party to support some of our captive insurance clients that insure the historical asbestos exposures of their parent companies.
Michael explained to Channel Eye: “This is a fantastic opportunity to give something back to the actuarial world and contribute to ongoing, high quality research coming out of the actuarial community.
“We have used previous models and reports from the working party to support our clients and I’m excited to be able to contribute to future outputs which will help UK insurers manage and prepare for these claims.”
