Our Industry Offerings
Overview of Insurance Practice Services
Litigation Consulting and Expert Testimony
Actuarial Consulting Services
Solvency II Consulting Services
The FTI Consulting global insurance services group includes consulting actuaries who help solve the many complex and challenging problems facing a diverse base of insurance industry clients, including insurers, reinsurers, captives, risk retention groups, brokers, banks, regulators, investors and corporations. Credentialed professionals deliver the specialized expertise, experience, and technical and leadership skills to help resolve disputes, measure and manage risk, improve financial performance, optimize opportunities and increase shareholder value.
Claims Consulting
In an increasingly interdependent marketplace — with catastrophes, integrated supply chains, product recalls and business interruption — class actions and myriad stakeholder issues have driven claims to new levels of complexity and uncertainty. In such an unpredictable environment, insurers, reinsurers and their counsel rely on the FTI Consulting global insurance services group to help analyze loss potential and reserves, assess and improve claims operations, and provide expert testimony and other litigation and dispute resolution support services.
Enterprise Performance
As the global marketplace becomes more dynamic and competitive, substandard performance can expose and magnify risk and diminish or eliminate opportunities. Insurers and reinsurers look to operational and financial performance to gain a competitive edge. They rely on the FTI Consulting global insurance services group to help analyze the marketplace and develop appropriate strategies for optimizing operations and financial functions for long-term success.
Enterprise Risk Solutions & Technology
Insurers and reinsurers worldwide are recognizing the value of enterprise risk management (ERM) as a fundamental strategy for achieving enhanced corporate performance and sustainability. The FTI Consulting global insurance services group helps clients realize the benefits of ERM through specialized services and information technology. We help facilitate ERM migration and optimization, addressing critical issues such as data and process synchronization, information quality and integration, technology optimization and organizational alignment.
ESI Readiness
Electronic discovery amendments to the Federal Rules of Civil Procedure, along with ongoing court interpretations, have made electronically stored information a significant feature of complex litigation and regulatory investigations. Our insurance industry experts support insurers, reinsurers, brokers and their counsel with our award-winning e-discovery technology. We offer a full range of e-discovery readiness, management and compliance services designed to satisfy the courts and protect and enhance value for all stakeholders.
Information Quality Improvement
As global competition, risk exposure and public image issues increase, corporate executives, directors and other stakeholders are focusing more attention on the quality of business intelligence — accuracy, completeness, timeliness and relevance of information. The FTI Consulting global insurance services group is a recognized leader in solving information quality issues. We help clients uncover isolated data, improve data quality, integrate data into business processes across the enterprise and transform data into meaningful information for critical decision making.
Intellectual Property
In a highly competitive and challenging global economy, intellectual capital is on a par with financial capital as a critical success factor for insurers and reinsurers. Effectively creating, protecting and extracting value from insurance intellectual property are inherently difficult processes, requiring broad and deep experience and expertise across multiple disciplines. FTI Consulting continues to lead in these challenges, delivering a premier team of experts to help insurers and reinsurers deal with the complexities of intellectual property management.
Litigation Consulting
Insurers and reinsurers compete in an increasingly complex and risky international market. The FTI Consulting global insurance services group has been at the forefront in supporting clients’ litigation needs. Our advisors have deep experience in case-specific complex issues critical to litigation success. We have a proven record of success in providing litigation consulting and expert testimony that meet the demanding expectations of industry clients and their counsel, from investigation and discovery to expert analysis and effective communication.
Solvency II
Insurers and reinsurers and their subsidiaries continue preparation and implementation of Solvency II, focusing on ensuring that strategies sustain and optimize global competitive capabilities and that implementation within subsidiaries is and remains in harmony with those strategies. The FTI Consulting global insurance services group helps clients address these imperatives by assessing critical Solvency II “post-gap-analysis” strategies and implementation initiatives, including project management, governance changes, risk and controls environment, capital management, functional processes and controls, data quality and controls, data collection, modeling and analysis, and compliance and reporting.
Transaction Advisory Services
Insurance industry executives seek strategic advisory, M&A and capital-raising services to address growth, globalization, and intense competitive and regulatory pressures. To succeed in today’s complex global capital market and regulatory environments, executives require advisors with a deep understanding of strategy, opportunity and financial operations. Our senior-level insurance industry experts are thoroughly versed in unique transaction structures and execution and can provide innovative ideas and strong implementation. Our solutions are creative, cost-effective and marketable.
Strategic Communications
The strategic communications insurance industry team within Strategic Communications consists of sector experts who have represented a broad range of organizations and companies, from start-ups to multinationals. Because of this specialization, our professionals can focus exclusively on a client’s specific industry. They have a broad network of relationships with key influencers and provide communications counsel based on in-depth industry knowledge and expertise. Our comprehensive suite of integrated communications services includes: