The life insurers have been continuously striving to keep pace with the industry dynamics due to several changes on the economic, social, regulatory, legal and political fronts. The volatile capital markets, increased longevity, unhealthy sales practices, changes in the distribution channel, lower persistency, compliance with the regulatory guidelines, varying socio-economic & demographic trends, apprehensive movement of the macro-economic factors are some of the many areas concerning the life insurers across the world. The insurers are coping up with these augmentative challenges by diversifying their portfolio and offering new innovative & competitive products focusing essentially on customer centricity & protection, transparency, improved sales practices, good quality services, better claim ratios & long-term focus regarding stability in terms of guarantees as well as sufficient upside potential. Having a detailed understanding of the various issues, our actuaries can provide comprehensive services in assisting and advising the insurers on product design and pricing, product feasibility and profitability, underwriting practices, mergers and acquisitions, statutory reserving, asset liability modelling, embedded value calculation, capital modelling and solvency position.
Our actuarial services specialise in providing business solutions and optimising strategies to create value for various stakeholders and enable the management to take well informed decisions. With the support of our actuaries possessing more than 25 years of experience and technical expertise, our team is well established to cater to clients in different geographical locations.
Our expertise is further augmented by our expertise in using actuarial software "Prophet" for performing actuarial valuations. Prophet enables cashflow projections for business planning, reserving and asset liability modelling.
We perform statutory valuations and reporting for internal purpose/regulatory requirements along with necessary certifications. Depending on the jurisdiction/ geographical area of practice, each insurer is required to comply with the standards as stipulated by the respective supervisory authorities.