ACTOMATE
IFRS 18
IFRS 18 introduces significant changes to the presentation and disclosure of financial statements, requiring insurers to reassess their reporting processes and financial statement formats. Leveraging our extensive experience in IFRS 17 implementation and insurance financial reporting, we help insurers transition to IFRS 18 efficiently while ensuring compliance with the latest accounting requirements.
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Our multidisciplinary team combines accounting, actuarial, and regulatory expertise to deliver practical solutions that integrate seamlessly with existing reporting processes.
Our services include:
Gap assessment
Regular Reporting
Training
One-off implementation
PRACTICE LEADER
Ng Pei Sim
FIA C. Act
Actuary
Pei Sim is an Actuary at Actomate with over three years of experience in actuarial valuation, financial reporting, and risk assessment across general insurance, life insurance, and reinsurance. She was a pricing intern in a life insurance company.
Pei Sim has worked on employee benefits, including gratuity benefit schemes and post-retirement medical benefit schemes. She has extensive experience in actuarial valuation for general insurance, life insurance, and reinsurance companies in Cambodia and Labuan. Additionally, she has led Internal Target Capital Level (ITCL) assessments for Labuan clients, ensuring regulatory compliance and financial stability. She has also contributed to business projections for a general insurer and played a key role in updating business plan documents, providing strategic insights to support decision-making. Furthermore, she was involved in Bank Negara Malaysia’s (BNM) ITSR project for a Takaful insurer, strengthening regulatory compliance initiatives. Her technical expertise includes proficiency in Excel, Visual Basic for Applications (VBA), R, Prophet, Data Conversion System (DCS), and Robotic Process Automation (RPA). She had also undergone IFRS17 secondments with several insurance and takaful companies.
Pei Sim holds a BSc (Hons) in Actuarial Studies from Sunway University Malaysia and is actively pursuing her Fellowship with the Institute and Faculty of Actuaries (UK) (IFoA). She is passionate about leveraging actuarial techniques to enhance business performance and drive innovation within the insurance industry.