ACTOMATE
INDEPENDENT ACTUARIAL REVIEW SERVICES (SINGAPORE)
Singapore insurers are required to maintain robust governance, valuation and capital management frameworks under the Monetary Authority of Singapore's regulatory requirements.
Actomate provides independent actuarial review services to help insurers demonstrate compliance, strengthen governance processes and provide assurance to Boards, management and regulators.
Our experienced actuarial team performs objective and independent assessments across valuation, participating business governance and capital adequacy frameworks.
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MA portfolio review
Independent review of Matching Adjustment (MA) portfolios eligibility and ongoing monitoring. Our review covers:
Eligibility of assets and liabilities within the MA portfolio
Review of portfolio monitoring, rebalancing, and ongoing compliance processes
MA methodology review
Independent review of Matching Adjustment (MA) calculations and supporting actuarial methodologies to assess the accuracy, appropriateness and regulatory compliance of the MA framework. Our review includes:
Accuracy and appropriateness of Matching Adjustment calculations
Cashflow matching methodologies and assumptions
Asset-liability management and portfolio governance controls
Review of actuarial methodologies and assumptions
Compliance with Monetary Authority of Singapore (MAS) requirements and approval conditions
Independent verification of MA methodologies, models, and documentation
ORSA framework review
Independent review of Own Risk and Solvency Assessment (ORSA) frameworks and solvency management processes. Our review covers:
ORSA governance and oversight arrangements
Risk assessment and capital adequacy methodologies
Stress testing and scenario analysis frameworks
Assumptions and assessment approaches
Capital planning and solvency monitoring processes
Regulatory compliance assessments
Independent validation of ORSA frameworks and supporting documentation
WHY CHOOSE US
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Actomate is a leading actuarial and technology firm in Asia since 2015. Our value proposition is to make our clients more successful by delivering high quality work in the areas of analytics, modelling, pricing, reporting and strategy.
We provide consulting, outsourcing, resourcing, training and technology solutions to our clients in a professioanl, practical and cost effective manner.
Actomate is the only actuarial firm in Asia with both the Quality Assurance Scheme (QAS) accreditation from the Institute and Faculty of Actuaries (IFoA) UK and ISO 9001 Quality Management Systems accreditation, a strong testimony to our high-quality work and commitment to high standards.
Actomate has received many awards and accreditations, including Top Actuarial Firm in Asia and SME100 Awards from Small and Medium Enterprises Association of Malaysia (SAMENTA).
We have very strong and competent team of actuarial consultants, with experience across all functions in insurance including general management, marketing, risk management, internal audit, internal controls and governance, corporate finance, actuarial, employee benefits, product pricing and strategy.
Speak to Our Specialists
Whether you require an independent MA portfolio review or ORSA framework review, our actuarial specialists can help you meet regulatory expectations and strengthen governance practices. Contact us to discuss your requirements.
RESOURCES
Our reviews are aligned with key Singapore regulatory requirements, including:
Notice 133 – Notice on Valuation and Capital Framework for Insurers
Notice 126 ENTERPRISE RISK MANAGEMENT (“ERM”) FOR INSURERS)
PRACTICE LEADER
Jessie Leong
AIA C. Act
Reporting Lead
Jessie is an Associate Actuary and she is the Reporting Lead at Actomate. Jessie has over 5 years of experience in actuarial work, and has led various actuarial valuation projects across Malaysia, Cambodia, Laos, and Papua New Guinea.
Jessie is well-versed in local regulatory requirements and oversees all internal regular statutory and financial reporting, ensuring compliance with regulations and adherence to submission deadlines. Jessie is also heavily involved in IFRS 17 implementation projects for general and captive insurance companies. Apart from that, Jessie has contributed to the review and development of in-house IFRS 17 software, the PAA Robot. Jessie is proficient in Excel and Data3Sixty.
Jessie has worked with a diverse range of clients, including family takaful, general insurance, general takaful, captive insurance, reinsurance, and funeral service companies. Her expertise covers actuarial valuation, financial reporting, reinsurance optimization, capital modeling, and product pricing. Jessie also has experience assisting audit firms with actuarial-related audit work.
Jessie graduated with First-Class Honours in BSc (Hons) Actuarial Science from Heriot-Watt University, Malaysia. Jessie is currently studying towards attaining Fellowship of the Institute and Faculty of Actuaries (UK). Jessie is keen on exploring and applying her actuarial knowledge in both traditional and non-traditional areas of actuarial work.