Review of systems and processes, checking for transparency, accuracy and statistical reliability, providing an insight into corporate risk. Where appropriate developing new procedures and controls to mitigate risks found. For example, checking policy records and claims details.
Project example
A third party insurance administrator, handling personal lines schemes
We carried out an integrity audit of Sirius data to establish premium completeness from policy inception or mid-term adjustment through to cash collection and profit reconciliation. The project involved integration of external data into a central data warehouse. The resulting table and charts provide, on demand, a view of premium completeness.