ACTOMATE
ITSR SOLUTION
Integrated Transaction Statistics Reporting (ITSR) is Bank Negara Malaysia’s enhanced regulatory reporting framework introduced in 2025 to improve the granularity, consistency, and timeliness of industry reporting for insurers and takaful operators. ITSR supports stronger regulatory oversight, improved industry analytics, and alignment with MFRS 17 requirements, replacing the legacy ICSS/TOSS/ROSS reporting framework previously used under MFRS 4.
As insurers and takaful operators transition to ITSR, many finance, actuarial, and reporting teams face increasing challenges around data mapping, reconciliation, governance, validation, and tight submission timelines. The requirement for highly granular reporting across products, transactions, balances, and movements has significantly increased operational complexity and reliance on manual spreadsheet processes.
Actomate’s ITSR Solution is designed to help insurers and takaful operators automate and streamline the preparation of ITSR Main and Parameter submission files in BNM-required formats. The solution supports end-to-end data preparation, mapping, transformation, validation, and automated file generation through standardised reporting logic and built-in validation checks. This reduces manual Excel and VBA dependency while improving reporting accuracy, consistency, auditability, and operational efficiency.
With ongoing support for regulatory updates and system enhancements, Actomate’s ITSR Solution enables finance, actuarial, and reporting teams to manage BNM ITSR submissions faster, more accurately, and with greater confidence.
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BNM ITSR reporting support
Supports automated preparation of ITSR Main and Parameter submission files in BNM-required formats
Designed specifically for insurers and takaful operators subject to ITSR reporting requirements
Helps manage granular transaction, movement, and balance reporting more efficiently and consistently
stronger validation & governance
applies standardised reporting logic and built-in validation checks
reduces submission errors, reconciliation issues, and manual rework
produces review-ready outputs, validation reports, and stronger audit trails
faster submission preparation
streamlines data preparation, mapping, transformation, and file generation
reduces reliance on complex spreadsheets and VBA template maintenance
enables finance, actuarial, and reporting teams to complete submission cycles more efficiently
PRACTICE LEADER
Kok Ming Wei
FIA C. Act
Actuary
Ming Wei is an Actuary at Actomate. She has over 5 years of experience in a variety of actuarial functions, including actuarial reserving, financial reporting, capital modelling, pricing reviews, risk assessments and financial projections in reinsurance, general insurance, life insurance, captive insurance, and takaful fields. Ming Wei has a deep understanding of local regulatory requirements, having led numerous actuarial valuation projects for insurance companies in Malaysia, Singapore, Hong Kong and Myanmar.
Ming Wei has extensive experience in general insurance risk assessments, pricing reviews, and capital management, including portfolio analysis, market research, competitive pricing strategies, stress testing and Internal Target Capital Level (ITCL) assessments. Her experience has been further enriched by secondment with several insurance and takaful companies, where she worked directly within the client teams to meet client-specific needs. Her expertise extends to IFRS 17 implementation for insurance and takaful companies, where she has handled impact assessments, transition planning, financial projections, and provided client training. Additionally, Ming Wei is involved in IFRS 17 software development and is proficient in Excel, Visual Basic for Applications (VBA), R, Prophet, Data Conversion System (DCS), and Statistical Analysis System (SAS).
Ming Wei graduated from Heriot-Watt University Malaysia with a BSc (Hons) in Actuarial Science. Ming Wei has attained Fellowship from the Institute and Faculty of Actuaries (UK). Beyond her actuarial expertise, Ming Wei has also contributed to strategic initiatives at Actomate, particularly in funding activities and investor relations. As a Key Client Lead, Ming Wei has played a central role in managing relationships with key clients and ensuring the timely delivery of high-quality project outcomes. With her broad skill set, strong leadership abilities, and client-focused approach, Ming Wei consistently delivers significant value to clients and ensures that actuarial challenges are met with innovative solutions.