The Problem
You're spending weeks reverse-engineering regulatory expectations, rebuilding models from outdated templates, and second-guessing whether your capital adequacy assessments will hold up under audit. The stress of missing a critical control or failing a validation review is constant. This playbook eliminates that uncertainty by giving you a complete, field-tested system used by top-tier insurers to pass actuarial audits and strengthen risk modelling practices.
What You Get
A 12-module course that builds mastery systematically:
- Foundations of Actuarial Audit and Regulatory Expectations
- Principles of Risk Modelling in Insurance Capital Frameworks
- ORSA and Economic Capital Model Validation
- ICAAP and ILAAP Compliance for Internal Models
- Stress Testing and Scenario Design for Capital Adequacy
- Audit Execution: Testing Models, Assumptions, and Governance
- Managing Model Risk Across the Lifecycle
- Reporting to Board and Regulators on Capital Position
✅ Actuarial Risk Exposure Matrix with Severity Scoring
✅ Capital Adequacy Gap Analysis Template (Aligned to Solvency II / NAIC)
✅ Internal Audit Checklist for Valuation and Reserving Models
✅ Model Validation Decision Framework (Including Exemptions and Escalations)
✅ ORSA Implementation Roadmap with Milestones and Owner Assignments
✅ Actuarial Function Maturity Assessment (5-Level Scoring)
✅ Stakeholder Map for Model Risk Governance (Including Actuarial, Risk, Finance, Audit)
✅ Process Runbook for Quarterly Capital Reporting
✅ KPI Dashboard for Model Performance Monitoring
✅ Reference Registry of Regulatory Guidelines (E.g., SS6, MMoF, SR 11-7)
✅ Audit Evidence Tracker with Version and Approval Logs
✅ Model Inventory Template with Risk Ratings and Review Cycles
How It Is Organized
Start with the course to build a structured, audit-ready understanding of risk and capital modelling requirements. Once you've completed the relevant modules, move directly into the toolkit to apply what you've learned using real-world templates. The 10 practitioner journey folders guide you from scoping to sustainment: Getting Started gives you onboarding checklists and priority assessments; Assessment & Planning includes maturity models and gap analyses; Models & Frameworks houses validation criteria and decision trees; Processes & Handoffs defines ownership and escalation paths; Operations & Execution contains runbooks and reporting calendars; Performance & KPIs tracks model accuracy and audit findings; Quality & Compliance ensures adherence to internal and regulatory standards; Sustainment & Support provides version control and training logs; Advanced Topics covers proxy models and machine learning considerations; and Reference keeps all regulatory citations and internal policies in one place.
This Is For You If
- You have been asked to build a risk and capital modelling audit program from scratch and need to show a credible plan by next quarter
- Your last audit flagged weaknesses in model documentation or assumption governance and you need to fix them before the next review
- You're leading an ICAAP implementation and don't have time to recreate templates that should already exist
- You're onboarding a new actuarial team member and need them up to speed on audit expectations quickly
- You're preparing for a regulatory inspection and need to demonstrate a consistent, repeatable audit trail for all key models
What Makes This Different
The course gives you the structured knowledge, the toolkit gives you the implementation files. Together, they cover the full journey from learning to doing, so you're never left searching for the next step. This isn't a collection of isolated templates or abstract theory, it's a unified system designed to move you from understanding to execution without gaps.
Every template is ready to fill in today, not theoretical. The Pro Tips sections contain hard-won lessons from real implementations, like how to handle auditor pushback on proxy models or when to escalate a material deviation in loss trend assumptions. These are the details that don't appear in regulatory guidance but make or break an audit outcome.
Built by a team with 25 years in this exact domain, actuarial audit, capital modelling, and internal validation at global insurers, you get the complete system, not fragments you have to piece together. This is the playbook we wish we had during our first ICAAP cycle and every audit since.
Get Started Today
This playbook gives you a complete, proven system: structured learning that builds audit-ready expertise, and implementation files you can adapt and use immediately. Skip months of drafting from scratch, reconciling inconsistent templates, or guessing what auditors really want. Focus on execution, confidence, and delivering a robust capital and risk modelling program that stands up to scrutiny.
