This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Life Assurance

AIS are currently the statutory actuaries to a number of South African life insurers and have assisted in the actuarial audit of several other insurers. We also have a number of actuarial appointments across Africa. We provide a complete actuarial support in respect of valuation, product development, strategic advice and other support services for our offices with no internal resources. A more limited role consisting of review and independent sign off of the statutory valuations and returns can be performed where the company has strong actuarial resources. We also have a number of large clients for whom we provide services such as embedded value reviews, merger and acquisition advice, process reviews and risk reviews.
 
In particular we assist with the following:

  • Ensuring that new business development is compliant, financially sound and appropriate for the target market;
  • Ensuring that internal business planning considers appropriate use of financial modelling including stochastic analysis and scenario testing where appropriate;
  • Ensuring that solvency is adequately measured and managed
  • Ensuring that suitable levels of skill are maintained
  • Drawing up of investment mandates and monitoring of their compliance.

We are often highly involved with the risk management processes of the insurers for whom we work and include a section on risk within our valuation.

Our services offered include:

  • Statutory valuation and appointed actuary services
  • Product development
  • Reserving for guarantees
  • Capital management and modelling
  • Experience analyses
  • Profit reporting
  • Embedded and appraisal values
  • Risk analyses
  • Stochastic projections
  • Fair value accounting
  • Executive training
  • Country assessments
Stay connected:

 

Material on this website is © 2014 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Get connected
Share your comments

 

 

More on Deloitte
Learn about our site

  


Recently blogged