Products

Our expert team provides support and input across a full range of actuarial and risk management consultancy services.

Why Hymans?

Our product and pricing specialists work across the full spectrum of the product development lifecycle, so our clients can focus on delivering good customer outcomes.

How we can help

People need products: our clients’ priorities are to make their products both attractive and fair for their customers. We know how to make new products work in a tough regulatory environment and love working with our clients to conceive, develop and launch new retirement, savings and protection products.

Customer needs, and the insurance landscape, are ever-changing – what looks like the right thing today isn’t always the right thing for tomorrow. It’s also important to make products capital efficient to meet long-term profitability, sometimes through appropriate reinsurance arrangements.

We also work with clients to keep existing products appropriate in an evolving regulatory environment, with expertise across protection, unit-linked, with-profits and at retirement business.

Our services include:

market research and product strategy
product design and pricing support
consumer duty-related reviews
back book reviews, including the wider conduct risk agenda
reviewing new business illustrations
remediation calculations
sustainability disclosure requirements and greenwashing assessments

We really value Hymans Robertson’s depth of experience across both retail and workplace. We’re a global firm so it’s really important they can support us outside the UK through their affiliate group – that reach is vital to us.

Andrew Marker Vanguard Asset Services

Meet our team

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Rebecca Macdonald

Head of Products and Insurance Transfers

Ross Bagley

Consultant

Andrew Valentine

Head of Insurance Strategy

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With-profits market developments - a consumer perspective

Our latest consumer research found that when asked to select the top three product features they value, participants most commonly chose guarantees, potential for long-term growth and smoothed returns.

Could we see a resurgence in with-profits product features and what opportunities are there for insurers to apply these in new ways?