Our expert team of actuaries and IT professionals can provide support for implementing the new standard. IFRS 17 is a principle based standard involving various choices to be made during implementation. We help you in making these choices by analysing the impact of different alternatives.
Calculation tools - software to generate IFRS 17 cash flows
Our IFRSguru software can help you in generating cash flows. If you already have the capabilities to generate cash flows, we can help you in reviewing them by cross checking with the numbers generated by our tool.
Training modules - different for technical and non technical people
Since financials are undergoing a major transformation impacting everyone in the company, it's important for everyone to understand the impact of new standard on them. We developed training modules for technical and non technical people separately so that they can understand what is relevant for them.
Our software can be used for statutory valuation and reporting (both statutory and shareholder's), MIS etc.
MODELLING AND REVIEW
We can set up models for you and review your existing models. Our senior actuarial team has hands on experience with various actuarial softwares.
Peer Review of Actuarial work of an Insurance Company covering areas around statutory reporting, shareholder reporting, experience analysis, Reinsurance, product design and IFRS 17 review and audit to support internal audit function
WITH PROFIT COMMITTEE
Participating policyholders need to be treated fairly in terms of bonus distribution. Being an Independent actuary, we will contribute towards:
Independent Actuary of a With Profit Committee
Review of Asset share methodology and bonus philosophy