Name - Nigel De Silva
I've been an actuary with Thomas Miller since 2003 and my role is to provide actuarial services to Thomas Miller's insurance clients. This generally involves using statistics and economics to estimate future claims costs and assist the various boards and management teams to make decisions on reporting, pricing, reinsurance strategy, capital management, etc.
It's difficult to describe my typical day as they can be so varied, but they will generally involve liaising with management teams, working with the rest of my team to solve problems, analyse complex data and communicate the results of this work to management, boards, auditors and regulators.
A particularly difficult issue facing the insurance industry at present is the introduction of a new solvency regime, Solvency 2, across Europe. Whilst this poses significant challenges for actuaries, it presents a great opportunity to apply my knowledge to new and exciting areas. The work is challenging and can be highly pressured at times, but it's always varied and I'm supported by a great team.