Our Services
Actuarial Modeling
We offer comprehensive support in constructing and advancing actuarial models for both assets and liabilities. Our expertise extends to various actuarial software, including Prophet Professional, Prophet Enterprise, DCS, Aon Tyche and more. Our services encompass model accuracy and efficiency reviews, as well as Prophet training. Furthermore, we bring years of experience in Prophet migration, covering models, data, and systems.
Model Review & Enhancements
We possess substantial expertise in reviewing and enhancing actuarial models, enabling us to assist clients in enhancing model efficiency and accuracy to meet audit and regulatory requirements. Our successful track record includes numerous model enhancement projects that have resulted in significant savings for our clients in terms of hardware costs and reporting time.
IFRS 17 Implementation
We have actively engaged in IFRS 17 implementation projects across various Asia Pacific countries. Our extensive experience can assist clients in cost savings and offer optimal solutions. Additionally, we are proficient in helping clients define accounting methodologies, modeling approaches, and establish automated data processes integrated with sub-ledger systems.
ICS 2.0 & ALM
We have developed K-ICS models for both liabilities and assets and successfully implemented K-ICS systems for Korean life insurance companies. Additionally, we provide support in defining and implementing the Internal Model for ORSA. Our model’s performance, in both deterministic and stochastic scenarios, is optimized even with limited hardware resources, thanks to an efficient model design. We can generate calculation results, even when applying various shocks, within a very short model run time. Furthermore, we have assisted numerous clients in the development of ALM models and systems.
US GAAP & LDTI
We assisted a U.S. insurance company in developing the Prophet model for LDTI and provided support for determining the requirements and methodologies. Our extensive experience enables our clients to implement LDTI requirements with a cost-effective approach and within a short timeframe. This expedites our clients’ ability to analyze and report results quickly and efficiently.
Model Control & Governance
We have the capability to assist our clients in optimizing model efficiency and ensuring compliance with audit and control requirements. Furthermore, we can aid our clients in establishing valuation processes, model governance guidelines, and model control procedures to mitigate model-related risks.
Training
For over 20 years, we have been proficient in Prophet modeling and utilization. We offer Prophet training to our clients, sharing the latest Prophet features and functionalities, along with best practices in modeling and model maintenance.
Product Development
We collaborate with companies to design competitive and appealing products aligned with their business strategies and market trends. Our international experience provides clients with valuable benchmarks and advanced pricing practices.
Experience Studies
We help companies establish systems and tools for conducting various experience studies, encompassing expenses, mortality, morbidity, claims, and lapses. Additionally, we offer services for reviewing companies’ assumptions.
Prophet Installation & Migration
Utilizing our expertise in Prophet, we offer guidance and support to clients for the installation, implementation, or migration of Prophet solutions, such as DCS, Prophet Professional, Prophet Enterprise, and more. Our approach is cost-effective and aims to maximize the functionality of Prophet.
Recruitment
Our database of actuarial professionals enables us to connect clients with the most suitable candidates for vacancies within life insurance, general life insurance, reinsurance companies, and actuarial consulting firms. Additionally, we assist actuarial professionals in finding improved global job opportunities.
Career Counseling
For those looking to enter the actuarial field, it’s essential to have a clear understanding of what an ‘actuary’ entails. We are delighted to share our experiences with you. If you have any inquiries regarding job responsibilities, career advancement, actuarial exams, or any related topics, please don’t hesitate to reach out. We would be more than happy to share our knowledge with you.
“Why not let us management the actuarial model for your company
and your actuaries can concentrate on reporting and analysis?”
VINCENT CHEN