ACTOMATE
ACTUARIAL RESERVE REVIEW
Our actuarial reserve review solution is designed to provide insurance companies with independent, robust, and objective assessment of their insurance liabilities and reserving practices.
We provide experienced actuarial resources to support companies in reviewing reserving assumptions, methodologies, models, and calculations to identify gaps, weaknesses, and opportunities for enhancement.
Our independent reviews provide boards, management, auditors, and regulators with greater confidence in the accuracy, adequacy, and governance of technical provisions and financial reporting.
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data, assumptions & governance
review and reconcile actuarial data
assess data quality and integrity
validate actuarial assumptions
review mortality and morbidity assumptions
assess lapse and persistency assumptions
review expense assumptions and allocation methodology
evaluate economic assumptions
benchmark assumptions against market and industry practices
review reserving governance framework
assess assumption setting methodology and controls
reserving models & liability assessment
perform independent actuarial reserve review
review life insurance reserves
review general insurance reserves
validate reserving methodologies and calculations
assess liability adequacy and fulfilment cash flows
review best estimate liabilities and technical provisions
analyse claims development and run-off patterns
validate actuarial model
assess reserve adequacy and reserve movements
review insights, controls & reporting
identify reserving risks and weaknesses
provide reserve review recommendations
support auditor and regulatory discussions
review reserving process and controls
identify operational and governance gaps
support management and board understanding of reserve position
facilitate independent peer review and second opinion
enhance reserving governance and documentation
support implementation of reserving process improvements
PRACTICE LEADER
Nicholas Yeo
FIA C. Act FASM FSA FSAS CIA FASHK
Founder & Actuary
Nicholas founded Actomate in 2015, a leading actuarial firm in Asia. He is an actuary with exceptional business acumen and a global perspective. His clients and his organization benefit from his strong grasp of the strategic, operational, governance, and risk management aspects of the business.
Nicholas has developed various technologies and software applications, including IBNR Robot, ReACC Robot, PET Robot, LRC Robot, LIC Robot, PAA Robot, and Sallesillus Robot. Nicholas also has significant experience in captive insurance, offshore insurance, robotic process automation, artificial intelligence, and data analytics.
Nicholas has 20 years of experience in actuarial work, including life insurance, family takaful, general insurance, general takaful, employee benefits, pensions, social security, medical insurance, reinsurance, and Insurtech startups. Nicholas held appointed actuary and signing actuary roles in various jurisdictions across Asia.
Nicholas is a Fellow of the Institute and Faculty of Actuaries (UK) and a Fellow of the Society of Actuaries (US). He is a past Council Member of the Society of Actuaries’ Entrepreneurial & Innovation Section. He is also a past Chairperson of the Professional Development Committee and Events Committee of the Actuarial Society of Malaysia. Nicholas graduated from Bayes Business School with First Class Honours in BSc Actuarial Science. He is also a Certified Internal Auditor from The Institute of Internal Auditors.