ACTOMATE
LIC ROBOT
LIC Robot is an IFRS 17 robot that helps insurers analyse data and generate reports for Liability for Incurred Claims (LIC), in line with IFRS 17 requirements. It streamlines LIC financial reporting by automating the workflow from input upload and actuarial analysis to LIC account, journal posting, trial balance, chart of accounts, and underwriting statement outputs. Users can upload the required CSV input files, select key setup fields such as company name, tranche type, and reporting currency, run calculations, and download results in structured formats. The app organises LIC reporting outputs by portfolio, class, and subclass, with views in both the functional and reporting currencies. By reducing manual spreadsheet work and showing the calculation flow in a controlled interface, the robot helps actuarial, finance, and reporting teams improve accuracy, consistency, and reviewability. LIC Robot streamlines IFRS 17 reporting processes and helps insurers meet tight reporting timelines more efficiently.
For more information on the LIC Robot App, click HERE
desain & perencanaan imbalan
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manfaat gratuity
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imbalan akhir masa kerja
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manfaat pensiun
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manfaat hari tua
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anuitas
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manfaat masa kerja panjang
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manfaat kematian & disabilitas
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manfaat penarikan dana
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pensiun dini karena sakit
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manfaat medis pasca-pensiun
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manfaat fleksibel
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perencanaan struktur gaji
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desain kelayakan skema
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analisis keberlanjutan
valuasi aktuaria & pelaporan keuangan
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accounting valuation
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funding valuation
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PSAK 219 (sebelumnya PSAK 24) Imbalan Kerja
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uji sensitivitas
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analisis keuangan dinamis
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data warehouse perusahaan
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pengembangan langkah mitigasi dan manajemen risiko
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pengembangan atau pembaruan kebijakan pricing yang ada
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pengembangan, peninjauan, dan audit proses pricing
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uji penerimaan pengguna (User Acceptance Test) untuk implementasi sistem
opsi saham karyawan
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permodelan derivative keuangan (financial derivatives modelling)
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Black-Scholes Model
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Monte Carlo Simulation
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binomial lattice
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trinomial lattice
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finite differences
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geometric brownian motion
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economic scenario generator
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permodelan stokastik (stochastic modelling)
Who Can Use It
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manfaat gratuity
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imbalan akhir masa kerja
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manfaat pensiun
-
manfaat hari tua
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anuitas
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manfaat masa kerja panjang
-
manfaat kematian & disabilitas
-
manfaat penarikan dana
-
pensiun dini karena sakit
-
manfaat medis pasca-pensiun
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manfaat fleksibel
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perencanaan struktur gaji
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desain kelayakan skema
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analisis keberlanjutan
PRACTICE LEADER
Nicholas founded Actomate in 2015, a leading actuarial firm in Asia. He is an actuary with exceptional business acumen and a global perspective. His clients and his organization benefit from his strong grasp of the strategic, operational, governance, and risk management aspects of the business.
Nicholas has developed various technologies and software applications, including IBNR Robot, ReACC Robot, PET Robot, LRC Robot, LIC Robot, PAA Robot, and Sallesillus Robot. Nicholas also has significant experience in captive insurance, offshore insurance, robotic process automation, artificial intelligence, and data analytics.
Nicholas has 20 years of experience in actuarial work, including life insurance, family takaful, general insurance, general takaful, employee benefits, pensions, social security, medical insurance, reinsurance, and Insurtech startups. Nicholas held appointed actuary and signing actuary roles in various jurisdictions across Asia.
Nicholas is a Fellow of the Institute and Faculty of Actuaries (UK) and a Fellow of the Society of Actuaries (US). He is a past Council Member of the Society of Actuaries’ Entrepreneurial & Innovation Section. He is also a past Chairperson of the Professional Development Committee and Events Committee of the Actuarial Society of Malaysia. Nicholas graduated from Bayes Business School with First Class Honours in BSc Actuarial Science. He is also a Certified Internal Auditor from The Institute of Internal Auditors.