Life Insurance

We offer a full range of actuarial and risk management consultancy services to life insurers - ranging from pricing, valuation, solvency and support arrangements.

We work with the full range of life insurers, ranging from small to global insurance companies. We listen and tailor our approach to reflect the size and complexity of our clients and to ensure our solutions are suitable for the risks and issues they face.

Specific expertise in our actuarial practice

Pricing & Product Development

We go beyond number crunching to offer insights into each of your plans. By understanding your needs we advise on appropriate courses of action, warn of potential surprises, and help you prepare for emerging issues that can arise from evolving demographic & economic trends affecting long-term costs.

Our services include : Product design and pricing of Life Policies, Annuities, Variable Annuities, Long Term Care, ULIPs and Combinations of two or more product types; Stochastic and market consistent pricing for new products; Switching to new requirements (e.g. risk based approach).

Reserving & Statutory Valuations

We blend advanced analytics with deep institutional knowledge to solve practical business problems, applying the latest techniques and solutions to help clients create a competitive advantage.

Our services include : Creation of Reserving and Valuation models; Model Validation and Model Testing; Calculation of Statutory and Realistic reserves; Peer review; Financial examination & Auditing of reserve methodology and assumptions.

Bonus Estimation for ‘participating’ portfolio

Bonus declaration is a critical component of Participating products. In determining the Bonus, we ensure that risk principles are adhered to whilst working on longevity assumptions & analytics. We support with detailed analytics directly contributing to your strategic decisions.

Our services include : Determination of the ‘Asset Value’; Determination of ‘Bonus’ to be credited to participating portfolio; Factor all the important long term considerations; meet & exceed ‘Policyholders Reasonable Expectations’.

Experience Analysis

An experience study is to measure actual results against expected results and further assess the sufficiency of premiums & reserves.Experience Studies act as early warning systems to highlight business segments that are mis-priced or mis-reserved. Our expertise lies in finding a balance between actual experience data and managing future expectations.

Our services include: Comparison of Actual vs. Expected; Analysis of various parameters; Expense study ; Projections of mortality and morbidity rates.

Investments

Investment issues are increasingly important to insurer's profitability and risk management. The current regulation requires firms to identify, measure, monitor, manage, control and report their investment risks. We provide the required investment expertise to have appropriate governance and reporting frameworks in place.

Our services include : Actuarial models for Pricing, Reserving, Cash flow Management & Asset-Liability Management; Developing and / or Managing Large Investment Models including Derivatives.

Others

We provide a wide-range of services including : Regulatory Reporting & Certification; Business planning & financial projection; Economic Capital models/MCEV models; Stochastic Models; Business Strategic Planning.