ACTOMATE
INDEPENDENT ACTUARIAL REVIEW SERVICES (HONG KONG)
Hong Kong insurers are required to maintain robust governance, valuation and capital management frameworks under the Insurance Authority'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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valuation review
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Independent review of the valuation of insurance liabilities and supporting actuarial methodologies.
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Our review covers:
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Valuation methodology and assumptions
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Data quality and governance controls
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Accuracy and completeness of liability calculations
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Compliance with applicable regulatory requirements
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Independent verification of valuation approaches
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Review of actuarial models and documentation
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participating fund review
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Independent assessment of participating fund governance and management arrangements.
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Our review includes:
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Identification of assets and liabilities attributable to each participating fund
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Assessment of opening fund balances
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Review of expense allocation methodologies
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Review of surplus and profit distribution policies
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Independent verification of calculation approaches
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Assessment of governance and oversight arrangements
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participating business committee support
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Independent actuarial advice to support fair treatment of policyholders and sound governance practices. We assist
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Boards and Participating Business Committees by:
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Providing objective actuarial assessments
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Supporting decision-making on participating business matters
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Reviewing surplus distribution proposals
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Evaluating policyholder and shareholder interests
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Assessing compliance with applicable governance requirements
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capital adequacy review
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Independent review of capital calculations and solvency management processes.
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Our review covers:
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Prescribed Capital Amount (PCA) calculations
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Capital modelling methodologies
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Assumptions and calculation approaches
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Capital adequacy monitoring processes
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Regulatory compliance assessments
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Independent validation of capital frameworks
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Speak to Our Specialists
Whether you require an independent valuation review, participating fund review or capital adequacy assessment, our actuarial specialists can help you meet regulatory expectations and strengthen governance practices.
Contact us to discuss your requirements.
WHY CHOOSE US
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UNDERSTAND YOUR REQUIREMENTS
DATA & ASSUMPTIONS REVIEW
VALUATION & MODELLING
VALIDATION & GOVERNANCE
SUBMISSION SUPPORT
Align with local regulatory frameworks and client-specific needs
Ensure completeness, accuracy, and appropriateness
Perform actuarial calculations using robust methodologies
Independent checks and documentation
Assist with regulator queries and audit reviews
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.