Insurance Practice

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.