LCP wins three awards at the InsuranceERM Awards 2023
Insurance Business value from Solvency UK Technology Risk
Today, LCP has been recognised at this year’s InsuranceERM Awards for the firm’s insurance expertise, talent, and technology for the fourth consecutive year.
LCP scooped Analytics Solution of the Year for InsurSight and Actuarial Team of the Year. LCP Consultant Lara Palmer was also named Young Actuarial and Risk Professional of the Year.
These awards are a testament to the continuous innovations and milestones across LCP’s Insurance team. The team combines cutting-edge technology with subject matter expertise to advise our clients on the industry’s more complex problems. This includes the multi-award-winning analytics and automated trend identification platform, LCP InsurSight, which is being used to analyse over £100bn of reserves. InsurSight also significantly cuts the time for actuaries to review their business from two weeks to under two days.
Commenting on the wins, Tom Durkin, LCP’s Head of Insurance Consulting, said:
“We are delighted to be recognised for our actuarial contributions and technological developments in the insurance space. Providing insurers with the right data and insights through our tool InsurSight will help them tackle complex questions like where and how inflation can impact their claims experience and make reserving quicker and more efficient.
Lara Palmer has also been deservedly recognised for her outstanding work with clients and on wider industry projects.”