Yoke Hon Hue

Yoke has over 10 years of risk and capital modelling experience within the non-life insurance sector. Prior to Milliman, he was a Capital Actuary at AXA XL/XL Catlin for 8.5 years.

Relevant experiences:

• Reviewed and provided opinion on the members FAL calculation for an ongoing dispute between two corporate members at Lloyd’s.
• Led the reparameterisation workstream on operational risk dependency structure for a client’s internal model
• Supported the production of a climate change underwriting portfolio risk assessment tool for ClimateWise to support the net-zero underwriting transition for the insurance industry
• Involved in the modelling workstream of a business plan expansion application for an Irish entity that are using Standard Formula
• Helped with the production of a best practice risk management and governance framework for a UK based communications regulator
• Supporting the quarterly valuation exercise for an ILS fund manager
• Been a key member in successfully developing several Solvency II Internal Capital Models in previous role; Catlin, Lloyd’s Syndicate 2088 (China Re), XL Catlin and AXA XL, including the end to end management of the China Re capital model.
• Assisted in various capital-related regulatory submissions for regulators such as Lloyd’s, BMA and FINMA.
• The module/risk owner of insurance, credit, market and operational risk within the capital model. This included building the methodology to model such risks along with calibration of the parameters.
• Model Validation – validating the outputs of the capital model and incorporating automated checks in line with the Model Validation Guidance from different regulators such as Lloyd’s, PRA, BMA and FINMA.
• Technical Committee – capital and risk representative for the committee overseeing the internal model for Catlin Re Switzerland and XLIS (legal entities within AXA XL).
• Reinsurance Purchase – using the capital model outputs to facilitate the purchase of outwards reinsurance programmes to be aligned with the company’s risk profile and risk appetite.
• Portfolio optimisation – using the capital model outputs to monitor performance for individual lines of business, by setting target loss ratios for the business.
• Own Risk Self-Assessment (ORSA) – providing risk outputs from the capital model into the ORSA report and helping with the reverse stress testing scenarios.
• Risk appetite – assisted in the quarterly review of the risk appetite statements by looking at automatic triggers within the capital model.
• Risk budget and planning – helping with the yearly risk strategy and planning process.