About Perrenial: general insurance actuarial consultancy
Who we are
Perrenial is a general insurance (P&C, or non-life) actuarial consultancy based in London. We specialise in pricing, reserving, (re)insurance programme design optimisation and binder portfolio management for Lloyd's syndicates and London Market insurers, Managing General Agents (MGAs), Lloyd's coverholders and captive insurers.
Perrenial is the trading name of Apache Risk Consulting Ltd, registered in England and Wales under company number 11644634, with its office at International House, 36-38 Cornhill, in the City of London. Since its establishment, Perrenial has grown both organically and by acquisition.
How we work
Our consultancy draws on years of experience and extensive expertise to deliver bespoke solutions, so that risks are managed in a cost-efficient manner. Our actuaries use modern mathematical and stochastic modelling techniques to bring insight to complex business problems and to support management decision-making. We aim to deliver results that make a difference, with the utmost professionalism.
Clients often tell us they value advice in plain language as much as the analysis itself. In the words of one: Perrenial is “an actuarial adviser that goes beyond just crunching the numbers.”
Who our services are for
Lloyd's syndicates and insurers. Claims activity can be significant across all lines of business, and making sure there are sufficient reserves and cash flows to meet claims is essential to a company's reputation and profitability. We provide second-line peer reviews of reserves for CROs and reserving managers, and technical pricing for large accounts.
MGAs and Lloyd's coverholders. Capacity providers are putting more emphasis on data and analytics. We help MGAs and Lloyd's coverholders level the playing field by determining forecast gross ultimate loss ratios through binder and coverholder portfolio analysis, and by developing robust rating models so that risks are priced appropriately.
Captive insurers, mutuals and risk retention groups (RRGs). Captives may need to show stakeholders that their (re)insurance spend is justified, or want to explore higher retentions as their risk appetite grows. We provide captive feasibility studies and actuarial support, (re)insurance programme design optimisation and Loss Reserving Opinions for regulatory purposes.
Our team
Asad Khalil FIA, Managing Director and founder
Asad founded Perrenial and leads its client work. He has significant experience across the full suite of general insurance actuarial services, including technical pricing, reserving and risk financing. Asad is a Fellow of the Institute and Faculty of Actuaries (FIA). He writes on captive data, risk measures and coverholder data in our insights.
Asif John, Senior Consultant
Asif is an actuary and AI and data science specialist with more than 20 years' experience in the insurance and reinsurance sector, gained across a number of insurance companies. He brings strong pricing and reserving discipline to the business. Asif is Chairman of the IFoA Data Science Community and part of the IFoA Data Science Steering Committee.
Muhammad Babar, Senior Analyst
Muhammad has a strong background in actuarial analysis, reserving and pricing. He worked for more than five years as a Senior Actuarial Analyst and Assistant Manager at SIR Consultants. He has extensive experience with business intelligence and analytics tools, including Alteryx, QlikView, Qlik Sense, RStudio and VBA, which he uses to support pricing, forecasting and reporting.