Insurance insights
Experts in GAD have advised HM Revenue and Customs
(HMRC) on the workings and decision-making of insurance
companies both generically and on a confidential basis,
on specific cases. We help HMRC analyse
insurance-related cases and better understand the
reasons why certain decisions may have been made, for
example for capital-related reasons.
GAD’s advice also includes looking at factors that
influence how insurance companies make investment
decisions and explaining how they use financial
modelling to decide their best strategies.
Collaborative working
This most recent round of advice about investments and
assets, was the fourth in a series of presentations to
HMRC. GAD actuary Nick Clitheroe delivered these online
by video and said: “These live, interactive workshops
provided an ideal opportunity for us to deliver
integrated, in depth knowledge sessions which help
clients on an ongoing basis.”
At a joint GAD and HMRC event, before the advent of the
coronavirus pandemic restrictions, we provided detailed
analysis on both generic and specific cases, to help
the department with its strategy. In assessing the
impact of GAD’s expertise at the event, attendees from
HMRC said it had been very useful, saying there was a
good debate generated on general and specific issues.
Online advice
During the ongoing coronavirus pandemic, GAD continues
to use video conferencing and other online resources to
provide advice and guidance about the insurance
industry to other parts of government.
