ACTURIAL & INSURANCE ADVISORY SERVICES
Provide corporate services in Actuarial and Insurance Solutions, Corporate Pension Business Consulting, as well as Digital insurance services
Empact Insurance Advisory service combines acute market awareness and breadth of capability to provide Insurance consulting services which helps clients to achieve improved operational efficiency, grown profits and turned disruption into transformation.
Actuarial & Insurance Solutions
- Appointed actuary services
- IFRS 17 implementation and advisory support
- Insurance portfolio valuations
- Preparation of regulatory reports and financial condition reports
- Claims reserve estimation and adequacy assessment
- Product development and repricing existing products using predictive analytics/data science
- Reinsurance appropriateness and sufficiency assessment
- New Insurer establishment / portfolio transfer
- Technical peer review
- Model review and evaluation
- Claims experience analysis
- Scenario and stress testing
- Actuarial Internal audit support & Capital Modelling
- Own Risk and Solvency Assessment Report for Insurance sector
- Smart reports and dashboard systems
- Actuarial valuations for assessing funding level
Corporate Pension Business Consulting
- Scheme design & review
- Cost impact of introducing new plans and benefits
- Benchmark Defined Benefit (DB) plans with the general market
- Scheme design and alteration from Defined Benefit to Defined Contribution conversion
- Cost – Benefit analysis
- Derive contribution rates of funded plans for adequacy and better financial management and financial planning
- Advice cost implications of changes in policy from an HR & compliance perspective
- Compliance Reporting
- Certified reports per IAS 19 (Revised 2011) & USGAAP (ASC 715)
- Liability assessment for merger, acquisitions and takeover
- Contractual Service Margin calculation engine
- Integrated Health Insurance Management System
- Live Insurance Management & Risk Application ERP System
- PUBLIC SECTOR ADVISORY
- OPERATIONS & PERFORMANCE IMPROVEMENT
- STRATEGY & PLANNING ADVISORY
- AUDIT & TAXATION ADVISORY SERVICES
- DIGITAL TRANSFORMATION SERVICES
- MARKET & INDUSTRY RESEARCH
- Feasibility Assessment & Business Plan Creation
- FINANCIAL ADVISORY, INVESTMENT SUPPORT & BUSINESS APPRAISALS
- HR ADVISORY
- ESG SERVICES
- GRC SERVICES
- INSURANCE ADVISORY SERVICES
