We provide actuarial, analytics and risk advice to life and health insurers and funeral plan providers of all sizes, helping Boards and management make well‑informed decisions and meet regulatory expectations. Our work spans Chief Actuary and With‑Profits roles, regulatory reporting, audit support, risk and capital modelling, product development and strategic advice, with clear, practical insight throughout.
Client-focused actuarial, analytics and risk advice for the life and health insurance sector
Technical Depth, Commercial Clarity
Broadstone supports insurers as they navigate regulatory change, reserving and pricing uncertainty and capital demands. Our work is led by experienced specialists who bring both technical rigour and a clear understanding of commercial realities.
We work closely with clients to support their most important judgements, ensuring technical outputs are robust, proportionate and clearly linked to business decisions.
This includes:
- Deep actuarial capability across reserving, pricing, capital, reinsurance and regulatory reporting
- Advanced analytics and repeatable modelling that reduce reporting burden and improve speed of decision-making
- Robust risk and governance support, including ORSA, stress testing and board-ready reporting
- Strategic insight that connects technical analysis to underwriting, capital and strategic decisions
Actuarial Support for Life and Health Insurers
Our team supports life and health insurers to strengthen oversight, maintain capital resilience and make confident decisions in a demanding regulatory landscape. We provide independent challenge alongside practical delivery, aligned to each client’s scale and complexity.
Actuarial Function and Outsourced Support
Independent review, sign-off support or fully outsourced Chief Actuary and With-Profits Actuary, designed to reinforce governance and reporting resilience.
- Actuarial Function Holder / Chief Actuary support (where appropriate)
- With-Profits governance oversight
- Peer review and sign-off
- Embedded BAU reporting support
- Operating model and resourcing advice
Pricing and Underwriting Strategy
Disciplined pricing and insights from our collective experience and research that supports sustainable performance.
- Technical pricing support
- Premium adequacy monitoring
- Performance and experience analysis
- Product development and capital strategy support
Risk Management and Regulatory Support
Governance and risk frameworks that enhance resilience under scrutiny.
- Risk framework design and governance
- Stress and scenario testing programmes
- Regulatory support
- Operational resilience and emerging risk reviews
- Outsourced Chief Risk Officer and Risk Function support
- New insurer and authorisation support, including PRA/FCA engagement, regulatory submissions and governance set‑up.
Capital, ORSA and Model Risk
Defensible capital frameworks that support both regulatory compliance and strategic decision‑making.
- Standard formula and internal model support
- Model validation and documentation
- ORSA development and scenario testing
- Risk appetite metrics and limits
Acquisition and Transaction Support
Senior‑led actuarial support for insurance acquisitions, portfolio transfers and strategic transactions.
- Actuarial due diligence across reserves, pricing, capital and risk
- Chief Actuary and Actuarial Function support during transactions including backfill
- Review and challenge of assumptions and methodologies
- Capital and solvency impact assessment
- Support with Part VII and Part VIII transfers and post‑acquisition integration
Data Analytics and Automation
Efficient, repeatable reporting powered by actuarial and analytics expertise.
- Automated data pipelines and validation
- Dashboards and reporting tools (Python / R / SQL / Power BI)
- Claims analysis
- Upskilling and knowledge transfer
Who We Work With
Health Insurance
Providers
Specialist actuarial insight that enables health insurers to make confident decisions by drawing on technical expertise, advanced analytics and a clear understanding of the sector.
Funeral Plan Consulting Services
Actuarial and investment advice for funeral plan providers navigating valuation, authorisation and ongoing FCA regulation – delivered in a proportionate and practical way.
The
Mutual Sector
Actuarial and governance support for the mutual sector aligned to member-first principles, financial inclusion and long-term sustainability, delivered in close partnership with the Association of Financial Mutuals.
Life Insurance
Providers
We support life insurance providers with clear, confident and commercially focused actuarial advice shaped by rising customer expectations and strong regulatory oversight.
“As a senior member of the actuarial team at Broadstone I feel very fortunate to lead a talented and supportive group of colleagues. I work with life, non-life and health insurers and hold practicing certificates as Chief Actuary and With Profits Actuary.
What matters most to me is using my experience to support both clients and colleagues and to help them feel confident in their decisions. After more than twenty five years in the industry I still get a real sense of purpose from the relationships I build and the trust clients place in me.”
Cara Spinks
Senior Actuarial Director (Head of Life & Health)
Actuarial Post’s Life and Health Actuary of the Year
Why Broadstone
Senior-Led Delivery
Experienced actuaries remain directly involved throughout every engagement, providing continuity and trusted judgement.
Measured Independence
We deliver independent, constructive challenge that strengthens governance and supports regulatory confidence.
Actuarial Depth and Modern Analytics
Our life and health expertise, combined with modern analytics, delivers robust modelling and reliable insight.
Proportionate Solutions
Methods and governance aligned to your organisation’s scale and decision priorities.
Flexible Engagement Models
We provide project support, embedded teams or fully outsourced statutory roles to suit your needs.
Clear Communication
We deliver board-ready clarity alongside the technical detail required for implementation and regulatory sign-off.
What Our Clients Say
In fulfilling the role of Chief Actuary, Broadstone provide a proactive, reliable and consistently high-level service, all delivered with a friendly, personable approach.
Broadstone are part of our team, and no ask is ever too great!
Health Shield Friendly Society
Broadstone have been a real asset to us in helping us navigate the increasing complex landscape of new regulatory requirements. They have taken the time to really understand our requirements and have been able to tailor the level of support needed to fit our business and complement our in house expertise. The service provided has been excellent and they are always on hand to assist with any queries we may have.
RAC Insurance
After working with Broadstone for a number of years now, we know that we can rely on Broadstone to complete the underlying actuarial work to a high standard but where we see real added value to our business is through their ongoing communication. They’re able to understand how the complex work they complete affects our niche business and effectively communicate this to our Board to ensure that there is a strong level of understanding, focussing on the key issues.
Sheffield Mutual Friendly Society
We have worked with Broadstone for over 10 years and appreciate the professional way in which they fulfil the Chief Actuary role and provide other consulting services including the development of profit testing models. We value highly the availability of the team and the accurate and timely provision of deliverables.
Last but not least, we also enjoy their friendly, relaxed and understandable communication style and support in a complicated and crucial part of our organisation.
Monarch Assurance
Broadstone have been a highly valued support partner of the Co-op for a number of years. They have always been clear and accurate in their work while also meeting challenging timescales and coming in within budget. They are a pleasure to deal with.
Co-op FuneralCare
Latest Regulatory Headlines
FCA interim report on the Pure Protection Market Study
The FCA has released its interim findings on the Pure Protection Market Study, noting good overall outcomes but highlighting a significant protection gap and areas where improvements are needed across product distribution, incentives and claims experience.
PRA 2026 Insurance supervision priorities
The PRA has set out its insurance supervision priorities for 2026, highlighting pressures in the bulk purchase annuity market, a softening underwriting cycle and the need for continued investment in operational resilience.
Mutuals landscape report
The PRA and FCA have issued their Mutuals Landscape Report, highlighting the continued importance of mutuals in supporting financial resilience and community needs.
Mills Review assessment of how AI could reshape financial services
The FCA has launched the Mills Review, a forward looking assessment of how advanced AI could reshape retail financial services.