ACTOMATE
EMPLOYEE BENEFITS PRACTICE
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We provide employee benefits accounting under the International Financial Reporting Standards (IFRS).
We assist with actuarial valuations for accounting purposes of retirement and other long-term benefit plans including pension, gratuity (end of service benefits), annuity, long service benefits, post-retirement medical benefits and flexible benefits in Asia.
Our most notable clients are from Singapore, Malaysia and Cambodia, hence, we are familiar with local reporting regulations and requirements of respective countries. Valuation performed using the Projected Unit Credit (PUC) method as required by the IAS 19 Employee Benefits.
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We are also familiar with the seniority payment calculation required by the Prakas 443 on Senior Indemnity in Cambodia.
EMPLOYEE BENEFITS PRACTICE
​
We provide employee benefits accounting under the International Financial Reporting Standards (IFRS).
We assist with actuarial valuations for accounting purposes of retirement and other long-term benefit plans including pension, gratuity (end of service benefits), annuity, long service benefits, post-retirement medical benefits and flexible benefits in Asia.
Our most notable clients are from Singapore, Malaysia and Cambodia, hence, we are familiar with local reporting regulations and requirements of respective countries. Valuation performed using the Projected Unit Credit (PUC) method as required by the IAS 19 Employee Benefits.
​
We are also familiar with the seniority payment calculation required by the Prakas 443 on Senior Indemnity in Cambodia.
45 min
2 Dolar AS
PRACTICE LEADER
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.
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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.
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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.​