ACTOMATE
ACTUARIAL RESERVE REVIEW
Our actuarial reserve review solution is designed to provide insurance companies with independent, robust, and objective assessment of their insurance liabilities and reserving practices.
We provide experienced actuarial resources to support companies in reviewing reserving assumptions, methodologies, models, and calculations to identify gaps, weaknesses, and opportunities for enhancement.
Our independent reviews provide boards, management, auditors, and regulators with greater confidence in the accuracy, adequacy, and governance of technical provisions and financial reporting.
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data, assumptions & governance
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review and reconcile actuarial data
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assess data quality and integrity
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validate actuarial assumptions
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review mortality and morbidity assumptions
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assess lapse and persistency assumptions
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review expense assumptions and allocation methodology
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evaluate economic assumptions
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benchmark assumptions against market and industry practices
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review reserving governance framework
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assess assumption setting methodology and controls
reserving models & liability assessment
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perform independent actuarial reserve review
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review life insurance reserves
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review general insurance reserves
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validate reserving methodologies and calculations
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assess liability adequacy and fulfilment cash flows
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review best estimate liabilities and technical provisions
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analyse claims development and run-off patterns
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validate actuarial model
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assess reserve adequacy and reserve movements
review insights, controls & reporting
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identify reserving risks and weaknesses
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provide reserve review recommendations
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support auditor and regulatory discussions
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review reserving process and controls
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identify operational and governance gaps
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support management and board understanding of reserve position
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facilitate independent peer review and second opinion
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enhance reserving governance and documentation
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support implementation of reserving process improvements