ACTOMATE
PRODUCT DEVELOPMENT & ACTUARIAL PRICING SOLUTION
Our solution is designed to help businesses develop competitive products and optimize pricing strategies that drive higher sales and business growth.
We provide experienced actuarial resources to support companies in launching new products, refining existing offerings, and ensuring pricing sustainability. We can provide all or most actuarial work for companies without adequate resources to support the product and pricing initiative.
Our approach combines actuarial expertise and a dedicated product committee, 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.
actuarial pricing
experience analysis and review
develop key pricing assumptions
determine premium or contribution rating factors
develop and propose premium or contribution rates
profit testing iterations with cash flow model
sensitivity testing and analysis
product documentation for internal approval and regulatory filing
develop or review actuarial related contents in sales illustration, marketing brochure, policy contract, and product disclosure sheet
product risk management
identify product’s key inherent risks
develop risk mitigation and management measures
develop or update existing pricing policy
develop, review, and audit pricing processes
user acceptance test for system implementation
product development
develop or review product design and benefits
research and identification of target market
customer suitability assessment
prepare or review product specification
project management
plan and oversee entire product initiative
project planning
progress monitoring
status reporting
competitor benchmarking and analysis
financial projections
business planning
business plan projection
financial projection
financial impact analysis
assess capital adequacy
analysis of capital required
embedded value calculation
measure of return to policyholders and shareholders
