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 and supporting actuarial methodologies. Our review covers:
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Eligibility of assets and liabilities within the MA portfolio
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Cashflow matching methodologies and assumptions
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Asset-liability management and portfolio governance controls
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Accuracy and appropriateness of Matching Adjustment calculations
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Compliance with Monetary Authority of Singapore (MAS) requirements and approval conditions
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Independent verification of MA methodologies, models, and documentation
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Review of portfolio monitoring, rebalancing, and ongoing compliance processes
ORSA framework review
Independent review of Own Risk and Solvency Assessment (ORSA) frameworks and solvency management processes. Our review covers:
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ORSA governance and oversight arrangements
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Risk assessment and capital adequacy methodologies
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Stress testing and scenario analysis frameworks
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Assumptions and assessment approaches
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Capital planning and solvency monitoring processes
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Regulatory compliance assessments
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Independent validation of ORSA frameworks and supporting documentation
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.
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PRACTICE LEADER
Jessie Leong
アクチュアリー・アナリスト
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.