Model Identification Assessment
We establish what counts as a model across decision-making, management information and regulatory reporting, and build the process that maintains that judgement.
Insurance Model Risk
Management
The framework around the whole model estate: what counts as a model, who owns it, how it is validated and what the board sees.
Model Risk Management Deliverables
Model Inventory Management Tool
A single auditable record of every model you run, with role-specific workflow covering governance controls, documentation, dependencies, findings and monitoring results.
Independent Model Validation
We independently validate any model against its performance, its intended use and supervisory expectations.
Model Risk Framework Design
We write the standards for how models are built, validated, approved and owned across the firm.
Model Risk Reporting
We design and build the reporting that shows model risk across the lifecycle: development, the live estate, monitoring breaches and validations overdue.
Generative AI Model Risk Frameworks
We extend your model risk framework to cover generative AI, setting out how these systems are identified, tiered, tested, approved and monitored.
Frequently Asked Questions
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Model risk frameworks written for banking models fit actuarial ones badly, because much of the actuarial estate is spreadsheets and judgement rather than fitted models. At Gini we define what counts as a model across your actuarial, ALM, pricing and capital populations, write the standards for how each is built, validated, approved and owned, and build the inventory and reporting that keep the picture current.
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Yes. Independent validation means the validator holds no stake in the model passing, so where Gini validates, it does not develop. We test each model against its performance, its intended use and supervisory expectations, and write findings your committee can act on, each with its severity and the work it needs named.
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By assessing them on materiality and use rather than dismissing them as tooling. A spreadsheet that sets a reported figure is a model with poor controls, and it belongs in the inventory at the tier its use implies. At Gini we identify them, tier them, and rebuild the material ones as tested code where that is the cheaper way to control the risk.
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If a system informs a decision, a reported figure or a regulatory return, then yes, whatever technology sits behind it. Gini extends the framework to set out how such systems are identified, tiered, tested, approved and monitored, and we test live systems adversarially so the tier reflects what the system can actually be induced to do.