ACTOMATE
PRICING
Our pricing solution is designed to help businesses develop sustainable and competitive pricing strategies that drive higher sales and business growth.
We provide experienced actuarial resources to support companies in pricing new products, repricing existing products, and ensuring alignment with business objectives and market conditions. We can provide all or most actuarial work for companies without adequate resources to support its pricing initiatives.
Our approach combines actuarial expertise with a flexible working model where we can perform our work using a combination of our proprietary pricing model and existing infrastructure of your company.
pricing assumptions
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experience analysis and review
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develop key pricing assumptions
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perform ratemaking
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assumption benchmarking and justification
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develop assumption setting framework
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analyse claim drivers
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trend analysis
pricing and product documentation
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develop and propose premium or contribution rates
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profit testing iterations with cash flow model
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sensitivity testing and analysis
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product risk management
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identify product’s key inherent risks
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prepare product documentation for internal approval and regulatory filing
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develop or review actuarial-related contents in sales illustration, marketing brochure, policy contract, and product disclosure sheet
pricing review
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review and audit pricing processes
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identify pain points and propose pricing process improvements
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review and audit pricing model
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enhance pricing model
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pricing model validation and independent peer review
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pricing governance framework assessment
PRACTICE LEADER
Nadia is an Associate Actuary and she is the Country Lead for Indonesia at Actomate. Nadia has over 4 years of experience in product development, product pricing and financial projections in life insurance, family takaful (Syariah life insurance), medical insurance, life reinsurance, health reinsurance, group employee benefits as well as for insurtech startups.
Nadia has led pricing projects in Malaysia, Indonesia, Cambodia and Myanmar, for multinational and local insurers. She is familiar with local regulatory requirements and internal requirements of large multinational insurers, including IFRS 17, market consistent embedded value (MCEV), traditional embedded value, Risk-based Capital (RBC) and many others. Nadia is proficient in Excel, Visual Basic for Applications (VBA), Prophet, Data Conversion System (DCS) as well as R. Outside of product pricing, Nadia also has experience in actuarial modelling and actuarial valuation of employee benefit schemes, life insurance and general insurance.
Nadia is also proficient in robotic process automation (RPA). She has developed an automated life insurance valuation routine using Automation Anywhere, applying the latest technology and innovation.
Nadia graduated from UCSI University in Malaysia with First Class Honours in BSc Actuarial Science. She is an Associate of the Society of Actuaries (US) and studying towards attaining Fellowship of the SOA. She is a fast learner and is always keen to learn new things. Her organizational experiences have developed her strong communication, time management and problem-solving skills.
Nadia Suharto
ASA
Country Lead, Indonesia