United Kingdom

Model Validation 

Michael Rallings KPMG LLP (UK)

Michael's perspective on Model Validation

"Model validation is at the heart of every business. For investors in particular, a validated internal model ensures a reliable snapshot of the business at a given point in time, and provides a platform for understanding future risks and opportunities. In addition, the vision for bringing risk and capital frameworks to life also becomes clearer and more attainable with a clearer link between capital and business reality.

KPMG can bring a team of multi-skilled individuals together, offering integrated support across every aspect of your business. In constructing and validating the internal model, we bring together the Actuarial, Risk, and Finance teams bridging the inevitable gaps between the various silos of a business and its Board.

Our client-centric approach means we work in partnership with our clients; drilling down to extract maximum value from the internal model. We bring clarity to the whole process - maximising cost-efficiency and effectiveness in the key areas of model validation."

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Your KPMG expert

Name: 

Michael Rallings

Role: 

Director, KPMG Insurance

Email: 

 michael.rallings@kpmg.co.uk

Phone: 

 +44 20 7311 6061

Michael is a Director in KPMG’s Life Actuarial Practice, having joined the business in 2009. He has a broad range of experience which includes: working with European and UK insurers to improve their capital position under local regulatory frameworks and latterly under Solvency II; identifying, and developing recommendations to manage the strategic and business implications of Solvency II, leading the Solvency II Pillar 2 workstream for a large UK insurer; management of with-profits fund issues; financial reporting; and transactions.

 

Michael joined KPMG from McKinsey where he worked on strategy projects across various industries including retail and commercial banking, telecoms, property development, and life insurance.  Michael’s previous actuarial experience was gained at Aviva and subsequently at Ernst & Young where he worked with top UK life insurers across a number of areas.

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