Services

Our Insurance Practice supports our clients in the following areas:

IFRS 17 Implementation: Data gathering, Impact assessment, Methodology approach, Systems and process design, Systems build, End user testing, Implementation of systems and processes, Transition approach, Parallel run, Trainings and Stakeholders awareness of results.

Product Reviews and Development: Review of existing products and premium rates to determine if they are fit for purpose in the current business environment, Product Pricing and Profitability tests, Development of new products in collaboration with the management and the marketing team.

Actuarial Valuation: Perform monthly and annual reserves calculation in line with the regulatory requirement, Asset Liability Management, Experience investigations and monitoring (covering mortality, expense, persistency, longevity), Assumptions settings, Embedded value reporting, Statutory actuarial function, Assumptions calibration, Capital Management, Model developments and validations, Liability Adequacy Test, Risk management and Reinsurance structuring and arrangements.

Modelling, Calibration, Testing and Data Management: Asset Liability Management (ALM), Reinsurance strategy optimisation; Analysis of solvency position and capital requirements; Review of the base case assumptions and stress testing the Balance Sheet; Perform sensitivities to test the resiliency of the company to economic shocks and calculate the economic capital required.

M&A Support, Planning and Training: Planning and budgeting, KPI analysis, benchmarking, management reporting, financial due diligence, evaluation of business.

Our Employee Benefits Practice supports our clients in the following areas:

Actuarial Valuation: Perform annual actuarial valuation of employee benefits; Valuation of long-term service awards; Assess the liability obligations of gratuity schemes; Preparation of disclosures; Funding options and alternatives; Service costs, Valuation assumptions setting.

Employee Benefits Design and Scheme reviews: Benefit design and analysis from administrative, actuarial, accounting perspective; Consulting on classification and stock options; Cost optimisation of employee benefits to boost employees retention; Valuation of fair value of the plans, P&L charge and disclosures.

Our Risk Advisory covers the following areas of expertise:

• Enterprise Risk Management, Risk Framework development and calibration
• Economic Capital Modelling, Credit Risk Modelling, Operational Risk Modelling
• Capital and Stress Testing;
• Advise on ways to enhance the understanding of risk and capital and how they can be best managed to meet current and future business needs;
• Risk identification and analysis;
• Review of existing risk control measures and offering advise;

Data Analytics

Our expertise in this area covers:

• Data Mining and Management
• Data transformation
• Using advance techniques for Predictive Analytics
• Performing Behavioural Simulation
• Carrying out Statistical Analysis
• Statistical inference and decision making
• Advise on ways to optimise cash flows when appropriate
• Advise on ways to improve forecasting and budgeting
• Identifying opportunities to improve the profitability of products or new business
• Advise on ways of reducing capital requirements down to economic capital levels
• Investigate the impact of different operations strategies and identifying opportunities for offloading risk to third parties or the financial market.

Mergers & Acquisitions

Our expertise covers the following areas:

• Assist with actuarial aspects of acquisitions and disposals
• Perform Actuarial due diligence in terms of assessing the adequacy of reserves, capital requirements, embedded value, and cash flows.
• Support transaction initiatives and assess the structure and profitability of products and assists with deal structuring, playing a key role in identifying targets and supporting post-merger integration.
• Advise on the structuring and financing of the transactions.
• Advise on optimal capital structure.
• Advise on appropriate transaction and funding structure when required.
• Preparation of a bankable Information Memorandum that will be used for the “fund raising” where applicable.
• Raising finance and structuring a financial package through selected third-party financiers such as institutional investors, banks, and venture capital organisations.
• Transaction structuring including tax planning, accounting, treasury and financial restructuring.

Research and Training

We assist our clients in the following areas:

• Assist in data gathering and collation - taking into account any ethical and legislative considerations
• Assist in organising and conducting field surveys for the clients.
• Analysing data using statistical techniques and drawing inferences on the results of the surveys.
• Assist in preparing detailed reports on findings of the surveys and results.
• Equity and Securities/Fixed Income Research: Analysis and interpretation of the forces of demand and supply of specific securities.
• Economic Research: Analysis and interpretation of macro-economic factors that impact business decisions.
• Technical Research: Customise research on request by specific clients or business lines.

We carry our training in the following areas:

• Training on financial modelling
• Training on use of excel for modelling
• Training on use of VBA in excel
• Actuarial training for insurance companies' Actuarial team
• Any client specific training needs