Actuarial Modelling Centre

Actuarial Models Development

• We specialize in developing and enhancing actuarial models, tailoring them to unique specifications and requirements.
• Our teams partner closely to understand your unique needs, incorporating new features and improving existing functionalities to meet evolving business demands.

Specific areas of expertise

• Cashflow Models
• IFRS 17 End-to-End Implementation
• Solvency II and Capital Modelling
• Asset-Liability Management (ALM)
• Stochastic Solutions
• IBNR Models
• Periodic Payment Option (a.k.a. MTPL Annuity) Models
• Pension System Solutions
• IAS 19 Implementation

Prophet Models Optimization

• We optimize existing models by reducing calculation time, improving usability, and standardizing processes.
• We enhance actuarial models, ensuring they are up-to-date and optimized for performance.
• We incorporate innovations utilizing sophisticated actuarial methods and tools.
• We align the models with current regulatory frameworks to maintain compliance and reduce regulatory risks.

Outsourcing and Offshore Modelling Services

• Our team offers comprehensive outsourcing solutions, taking on the full responsibility of actuarial model development and maintenance.
• Through our offshore services, we provide cost-effective and scalable solutions.
• We ensure seamless integration with your existing processes and systems.
• We provide you with access to a team of seasoned professionals specializing in delivering high-quality modelling solutions.

Automation of Results Production Process

• We automate actuarial results production process to streamline various aspects of actuarial work, including model setup, assumption management, end-to-end Solvency II and IFRS 17 reporting calculation, and data conversion.
• We simplify manual operations and mitigate operational risk.

Our comprehensive services cover every stage of the modelling lifecycle, from data preparation and model development to optimization and the production of compliant results and documentation.

Proven Expertise: We have a proven track record of supporting large international insurance groups with comprehensive model development and maintenance services.

Collaborative Approach: We begin by engaging with clients to thoroughly understand their specific requirements and objectives. This involves detailed consultations and workshops to gather all necessary information.

Comprehensive Delivery Framework: We have been refining our modelling delivery framework for many years to ensure our approach is smart and efficient. It provides extensive guidance for modelling projects with clearly defined implementation steps.

Global Talent Pool: We leverage a diverse and skilled global workforce to provide you with access to top actuarial talents. Our team comprises experts in market-leading modelling platforms, including Prophet, AXIS, PathWise, and MoSes software.

Optimization Techniques: We analyze models using the Prophet Optimizer to identify potential bottlenecks and optimization opportunities. Our team summarize findings and recommend priorities for changes, and implement model enhancements in the planned sequence. [Link to Prophet Optimizer sub-site]

Advanced Tools: We utilize sophisticated actuarial methods and tools to develop robust models that incorporate the latest industry practices and innovations. With help of our team, you can partially or fully automate results production process.
 

Our automation tools:

• Model Setup Automation

Streamline and automate actuarial model setup to reduce manual effort and minimize the risk of errors.

• Assumption Table Management

Automate the processes of data conversion, creation, and maintenance of assumption tables used in actuarial platforms, ensuring compliance and auditability.

• Data Conversion

Convert policy and asset data to a format required by actuarial tools. Group and optimize the data for time consuming calculations.

• Solvency II and IFRS 17 Reporting

Automate the end-to-end actuarial process, including model parametrization, assumption preparation, run calculation setup, sensitivity analysis, and final Solvency II margin computation.

Empower your business to achieve its full potential with our tailored and innovative solutions. We provide robust actuarial models that drive growth and operational excellence.

Enhanced Efficiency and Accuracy

• We automate routine tasks and optimize model development to significantly reduce the time and effort required to produce accurate results.
• With automation and rigorous validation processes we minimize the risk of errors, ensuring that models produce reliable and precise outcomes.

Cost and Time Savings

• We achieve a significant reduction in runtime without the need for additional hardware resources.
• We decrease costs of cloud computing services thanks to our sophisticated optimization techniques.

Compliance and Risk Management

• We reduce manual operations and enhance model accuracy to help you mitigate operational and compliance risks.

Innovation and Growth

• We continuously integrate new features and improvements into models, keeping them at the forefront of industry advancements.
• We help you achieve a market advantage by leveraging advanced analytics to quickly adapt to market changes and emerging trends.

Expertise and Support

• Our team of experienced actuaries brings deep industry knowledge and technical expertise to every project, ensuring high-quality results.
• We provide continuous support and maintenance for your actuarial models, ensuring they remain effective and up-to-date.