PRT Actuarial Training Program

Objective

A leading U.S. actuarial advisory firm engaged Graeme Group to deliver a specialized PRT training program to strengthen its internal PRT pricing and modeling capabilities across U.S. and U.K. markets. The initiative was designed to build internal capability for the client’s actuarial team to price and model PRT globally. This included educating the client’s staff on the PRT market and providing them with the building blocks needed to perform PRT quotations.

Project Scope

The scope of services comprised specialized training in:

• PRT fundamentals
• Best practice pricing and valuation techniques
• Model validation techniques
• Automation of actuarial workflows
• Reporting efficiency
• Practical applications

Services Provided

Expert-Led Instruction: Graeme Group provided a specialist training team led by the firm’s PRT actuary – a widely respected expert with significant market-facing PRT expertise and over a decade of PRT technical experience. This team managed all training content and ongoing Q&A.

Structured Live Curriculum: Training sessions were organized into a sequenced curriculum spanning actuarial fundamentals of PRT, best practice pricing principles, reserving and capital management, process efficiencies, reporting automation, and practical applications of PRT. The training was provided over an 8-week period.

Technical Deliverables: Graeme Group produced nine session-specific slide decks, accompanied by practical examples, reference reading, training manuals, and mock-up examples. All instructional materials were structured to enable knowledge retention after the training sessions were complete. All sessions were recorded for internal reuse and provided to the client.

Ongoing Support: Graeme Group provided continuous support throughout the training engagement, including Q&A access, follow-up clarifications, and guidance on applying the materials to live client scenarios.

All work was conducted in accordance with the Actuarial Standards Board, industry best practices, and Graeme Group professionalism standards.

Outcome

• Strategic Support: Trained the client to execute on their PRT mandates.
• Knowledge Retention: Developed a reusable curriculum for future use.
• Talent Development: Enhanced staff technical depth and market credibility.
• Institutional Memory: Delivered lasting assets including recordings, templates, and manuals.

The client’s primary objective was to build a scalable, globally aligned capability that enhances commercial readiness in the PRT space. By equipping the client with expert-led education materials and live training sessions, Graeme Group helped them confidently pursue this mandate.