Hymans Robertson wins this award for the consultancy's commitment to innovation, excellence in delivery, and contribution to the wider actuarial sector.
For example, to address the evolving needs of re/insurance clients, Hymans Robertson has provided investment tools like its asset allocation algorithm for liability cashflow matching, and a portfolio analysis tool for BPA projects.
Customers trust Hymans Robertson for its technical expertise and high standards, with 96% of client survey respondents rating its service highly for quality. This year, the firm has played key roles in regulatory reviews, Part VII transfers, and supporting new entrants in the BPA market.
It has also provided experienced secondees for leadership roles, including setting up a risk functions for a new insurer.
The firm's research and thought leadership have shaped industry discussions too. Its With-Profits Market Developments report is based on a survey of 1,000 consumers and highlighted opportunities for insurers to better meet consumer needs through guarantees, long-term growth potential, and smoothed returns.
Meanwhile, the firm's matching adjustment benchmarking survey, now in its eighth year, this survey engaged 12 UK matching adjustment firms, including all insurers active in the pension risk transfer market. This year the survey was enhanced with digital tools and data visualisation, and provided insights into asset strategies, funded reinsurance, and Solvency UK reforms.
Hymans Robertson also has convening power. Its 10th annual life and financial services conference for example, as well as its chief actuary and longevity industry roundtables have brought professionals together to discuss market trends, ESG strategies, and innovation.
Hymans Robertson's achievements in 2024 have reinforced its reputation as a leader in actuarial consulting, driving innovation and supporting the industry through expertise and collaboration.