Case Study
PRT Actuarial Training
An eight-week pricing and modeling program for US and UK work
Engagement at a glance
- Situation
- An actuarial advisory firm wanted to strengthen pension risk transfer pricing and modeling capability.
- Work
- Graeme Group delivered an eight-week training program with live instruction, examples and ongoing questions and answers.
- Result
- The client retained nine session-specific decks, recordings, templates and manuals for continued internal use.
Objective
A US actuarial advisory firm engaged Graeme Group to train its team in pension risk transfer pricing and modeling for US and UK work. The program covered the market, actuarial methods and practical preparation of PRT quotations.
Project Scope
The training covered:
- PRT fundamentals
- Pricing and valuation methods
- Model validation techniques
- Automation of actuarial workflows
- Preparing and reviewing reports
- Worked examples
Services Provided
Experienced Instructors: The training team was led by a PRT actuary with more than a decade of technical experience. The team prepared the materials, taught the sessions and answered questions.
Eight-Week Program: Live sessions covered PRT fundamentals, pricing, reserving, capital management, automation and worked examples.
Reusable Materials: The client received nine session-specific slide decks, examples, reference reading and manuals. Sessions were recorded for internal reuse.
Questions and Follow-Up: The team answered questions throughout the program and helped participants apply the materials to their work.
Outcome
- Pricing and Modeling Skills: The program helped the team develop its PRT pricing and modeling skills for US and UK assignments.
- Materials for Continued Use: The client retained the recordings, templates and manuals for reference and future training.