CRENCA & ASSOCIATI, ACTUARIAL AND RISK MANAGEMENT CONSULTING OFFICE, WAS BORN FROM THE PROFESSIONAL EXPERIENCE GAINED SINCE 1991 BY PROFESSOR GIAMPAOLO CRENCA IN THE INSURANCE, SOCIAL SECURITY, BANKING, FINANCE AND CORPORATE BUSINESS MARKETS.
Crenca & Associati is actively consulting in all areas of the Pension Funds (Pre-existing, Negotiation, Open and Individual Pension Plans), as well as with matters concerning the basics of the Social Security system.
Our firm has specific experience within the field of Pension Funds, with particular expertise in the administrative, financial and annuities management fields. Crenca & Associati assumes the role as Advisor to Pension Funds and the Finance Function.
The firm is composed of an association within a group of actuaries striving to maintain independence and obtain innovative projects and with the mission of achieving the highest standards in terms of quality, efficiency and communication.
Crenca & Associati has always been very active within the Life Insurance market. Among its various activities the “Appointed Actuary” and “Auditor Actuary’’. Crenca & Associati performs many activities in the field of General Insurance (or Non-Life Insurance), ranging from traditional areas of interest in the actuarial profession (“Appointed Actuary in Motor Third Party Liability (MTPL) ” and “Auditor Actuary’’) to the most innovative new methodologies for assessing reserves or product innovation.
Over the last few years Crenca & Associati has developed extensive experience consulting in the new solvency regime, known as Solvency II, which is causing a significant change in the insurance market in terms of risk measurement and valuation, with obvious implications for the competitiveness of the market and the shareholders’ returns.
Crenca & Associati has worked for a long time in the field of evaluating Employee Benefits and possible implications at an international level (IAS19/TFR), Provisions for Performance Bonuses and Customer Indemnity Allowances for Agents (IAS37), the Stock Options (IFRS2), the valuation of financial instruments (IAS39).
Crenca & Associati has played a constant role in providing support to business strategies related to corporate risk management, with particular reference to quantitative methods aimed at measuring risks. The process of analysis, after identifying the variety of business risks and having maintained its quantification with suitable specific models, provides that the choice of optimizing strategies is through the application of statistical-financial and actuarial models.