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Expert actuarial consultants and services across Asia. Actomate offers tailored actuarial consulting solutions in insurance, pensions, and risk management. IFRS 17 Effective Implementation Services & Technology Solutions Click here for more information 尼克精算方案公司 新颖 前沿 风险管理 我们开发与实施企业风险管理解决方案。 私募股权 我们为保险科技生态系统中的精选高潜力初创公司提供投资与咨询。 企业并购 我们提供一站式解决方案，以促进有利并购交易 财务建模 我们开发财务模式以支持业务规划、财务预测以及企业估值。 员工福利 我们为员工福利计划提供财务报告、精算估值和独立审查。 风险管理 我们开发与实施企业风险管理解决方案。 私募股权 我们为保险科技生态系统中的精选高潜力初创公司提供投资与咨询。 企业并购 我们提供一站式解决方案，以促进有利并购交易 财务建模 我们开发财务模式以支持业务规划、财务预测以及企业估值。 员工福利 我们为员工福利计划提供财务报告、精算估值和独立审查。 Solutions 关于 Actomate 是 Nicholas Actuarial Solutions Sdn Bhd 的注册商标，代表着一个企业集团，旗下包括：Nicholas Actuarial Solutions Sdn Bhd 、Two Actuarial Solutions Pte Ltd 、PT Tiga Solusi Pilihan 以及 Cambodian Actuarial Solutions Co., Ltd 。自2015年以来，Actomate始终是亚洲精算服务领域的领导品牌。 我们是第一家也是唯一一家被马来西亚政府授予 MD Digital Malaysia 地位的精算公司，这是世界一流服务和成就的标志。2019 年，我们被《亚洲自保评论》评为亚洲顶级精算公司，2020 年，我们获得了英国精算师协会和学院的质量保证计划认证。2023 年，我们获得了马来西亚中小企业协会 (SAMENTA) 颁发的 SME100 奖。Actomate 是一个多元化、公平和包容 (DEI) 的工作场所。作为马来西亚数字气候行动承诺的签署方，我们还做出了气候承诺。2024年，我们获得了SIRIM QAS International 颁发的 ISO 9001质量管理体系认证，这体现了我们对高标准的不懈追求。 我们的客户群包括人寿保险公司、一般保险公司、自保保险公司、提供长期员工福利的雇主以及其他公司，包括跨国企业、本地中小企业、政府机构以及非政府和非营利组织。我们提供咨询、外包、资源、培训和技术解决方案。我们在马来西亚、新加坡、印度尼西亚和柬埔寨的子公司为亚洲及其他地区的客户提供服务。 我们拥有一支非常强大且经验丰富的团队，他们在保险的各个职能领域都担任过高级职位，包括总体管理、营销、风险、财务、精算、员工福利、产品和战略。 我们的愿景：通过精算工作做出重大贡献 我们的使命：帮助客户取得更大成功 我们的价值观：进取、敢做、开放沟通、专业精神 about actomate team 团队 Nicholas Yeo FIA FASM FSA FSAS AIIA 创办人兼精算师 Wong Kim Teck 顾问 (Captive Insurance) Goh Yue Shen AIA 准精算师 Lim Jone Keat 技术开发主管 Nadia Suharto ASA 印度尼西亚区域主管 Raymond Goh ASA 准精算师 Ng Pei Sim AIA 准精算师 Ng Shao Weng 精算分析师 Lim Shu Yi 合伙人 Woon Kun Khim FIA 精算师 Kok Ming Wei AIA 准精算师 Ng Eng Kheng 建模主管 Samsome Chong 新加坡区域主管 Raymond Lai FSA FASM CFP NLP CBE 人工智能与风险管理专家 Teoh Wei Wei FSA 精算师 Debbie Ooi (Min Jyeh) 分析主管 Jessie Leong 估值主管 Ryan Lim Wen Yang 业务发展分析师 Yong Zhien Choong ASA 准精算师 Chu Wei Jie AIA 准精算师 Tan Min Li AIA 准精算师 Jacy Chin Jia Xin AIA 准精算师 Lee Yan Chin 精算分析师 Rehana Godrei 业务发展主管 Gai Min-Qi 精算分析师 Selwin Chrisany 精算分析师 Celine Chew Kah Yan 精算分析师 Vincent Tanuwidjaja 精算分析师 Jasmine Lau 精算分析师 Clement Tan 精算分析师 Chang Cun Yi 精算分析师 Jane Nicholas Jong 精算分析师 Teo Yi Xuan 精算分析师 Lee Tiong Gee 精算分析师 Joey Leong 精算分析师 Desmond Lean 精算分析师 Chong Zi Feng 精算分析师 Cheng Yuk Fook 精算分析师 Brandon Lee Jin Yu 精算分析师 Our Clients 合作 Work 作品 白皮书 权威白皮书与行业前瞻报告 文章 已发表文章合集 演示文稿 公开会议上演讲 活动 公共场合活动 新闻通稿 新闻稿合集 联系 马来西亚 吉隆坡 Unit 32-01, Level 32, Tower B Vertical Corporate Towers , No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, MALAYSIA E: enquiry@actomate.ai 槟城 3A-1-13, Straits Quay Jalan Seri Tanjung Pinang Tanjung Tokong, 10470 Penang MALAYSIA E: penang@actomate.ai 纳闽 Unit No. 3A-2, Level 3A, Office Lot Labuan Times Square Jalan Merdeka, 87000 W.P Labuan E: labuan@actomate.ai 印度尼西亚 印度尼西亚 The Prominence Office Tower, Level 28, Unit C, Jl. Jalur Sutera Barat No. 15 RT.003/RW.006, Kel. Panunggan gan Timur, Kec. Pinang, Kota Tangerang, Banten 15143 E: indonesia@actomate.ai 新加坡 新加坡 600 North Bridge Road #12-02/03 Parkview Square SINGAPORE 188778 E: singapore@actomate.ai 柬埔寨 金边 5A Floor 3F Morgan Tower Sopheak Mongkol RD, Koh Pich, Tonle Bassac, Phnom Penh CAMBODIA E: cambodia@actomate.ai 巴淡岛 Jln. Raden Patah Komplek Nagoya Gateway Blok B No. 1-2 , Kampung Pelita, Lubuk Baja, Kota Batam Kepulauan Riau, Batam, Riau, Indonesia 29444 E: indone sia@actomate.ai T: +62 8965 367 9469 BANGLADESH Dhaka Delowar Bhavan, 3rd Floor, 104 Agrabad Commercial Area, Chattogram, Bangladesh. E: bangladesh@actomate.ai What does an actuary do? Actuaries are problem solvers and strategic thinkers who use their skills to help measure the probability and risk of future events. Businesses and industries increasingly depend on the skills of actuaries and analysts to help them model and plan for the future. As the world changes at an increasingly rapid pace, risk management expertise can help businesses navigate this evolving landscape. How does actuarial consulting benefit my business? Actuarial consulting helps businesses make smarter decisions by assessing financial risks and uncertainties. Using historical data and statistical models, actuaries analyse outcomes, refine strategies, and support long-term financial stability. Their expertise is key in insurance, pensions, investments, and business planning, improving profitability and reducing risks. I’m not sure if you can help me with the business problem, what should I do? You can share the details of your issue by filling out the form on our Contact Us page or reaching out to us via WhatsApp. From there, we’ll gladly arrange a call to discuss further. contact E: enquiry@actomate.ai 吉隆坡 T: +6012 502 3566 新加坡 T: +65 9358 6606 印度尼西亚 T: +62 8965 367 9469 发送

Collection of white papers, publications and conference presentations by Actomate. WORK WHIte PAPERS Our succinct white papers & thought leadership July 2021 Actuarial Solutions for the Healthcare Industry April 2020 Healthcare Costs in the Long-Term January 2020 Cambodian Insured-Lives and Annuitant Mortality Tables September 2019 Takaful Operational Framework October 2018 Cambodia Insurance Industry Report September 2017 Role of Actuary in Transfer Pricing August 2017 Actuarial Reserves in Labuan IBFC May 2017 The Liberalisation of Motor Insurance in Malaysia May 2017 Usage Based Motor Insurance April 2017 Insurance as a Social Enterprise articles A collection of our published articles August 2020 Defined Benefit (DB) plans An Empirical Analysis of Defined Benefit Plans in Malaysia December 2019 Actuarial Innovation & Technology Literature Review: Artificial Intelligence and Its Use in Actuarial Work November 2017 Innovators & Entrepreneurs, Society of Actuaries Actuarial Profession in the Age of Artificial Intelligence and Process Automation September 2017 SAS Quarterly, Singapore Actuarial Society Expert Insights: Actuarial Profession in the Age of Artificial Intelligence and Process Automation August 2017 Innovators & Entrepreneurs, Society of Actuaries Insurance as a Social Enterprise February 2017 Innovators & Entrepreneurs, Society of Actuaries Interview with Nicholas Yeo December 2015 The Malaysian Actuary, Actuarial Society of Malaysia Up Close and Personal 2012 Actuarial Research Clearing House, Society of Actuaries Communicating Takaful presentations Our presentations at public conferences July 2022 PAI-SOA Joint Webinar - Digital Transformation & Artificial Intelligence Developing Actuarial Applications Using R Shiny June 2022 SOA webcast The Explorers - Stories of Actuary Entrepreneurs May 2022 The Actuary - Challenges in valuing and managing post-retirement employee benefits in South East Asia Post-retirement pension benefits March 2021 IFoA - Exploring the Change Exploring the change podcast series April 2020 Healthcare Costs in the Long-Term Using Data Science Techniques in Actuarial Work October 2019 Asia Captive Summit 2019 The Captive Life Cycle: Formation, Expansion & Transformation September 2019 ASEAN Data Analytics eXchange (ADAX) Artificial Intelligence in Insurance Case Studies June 2019 Actuarial Society of Malaysia - General Insurance and Takaful Actuarial Seminar Supplementing Reserving Work with Artificial Super Intelligence (ASI) November 2017 Actuarial Society of Malaysia Annual Dinner & Talks - Who Wants to be a Data Scientist? Data Analytics Case Studies August 2017 Joint Regional Seminar - Divergent - The Devil is in the Detail An Actuarial Journey in Insurtech July 2017 Actuarial Society of Malaysia - General Insurance and Takaful Actuarial Seminar IBNR Robot July 2017 South Asian Actuarial Conference IBNR Robot July 2017 Society of Actuaries Asia Pacific Symposium IBNR Robot November 2015 Asian Actuarial Conference: Innovation - Creating Sustainable Value Research Prototype: Lapse Analysis of Life Insurance Policies in Malaysia with Generalised Linear Models September 2015 Singapore Actuarial Society Enterprise Risk Management Conference 2015 - Creating Value in an Evolving Landscape in Asia Capital Allocation for Effective Business Steering Events Our events held in public June 2023 The Asia Pacific PAI-SOA Joint Symposium in Indonesia. Professionalism August 2022 The Asian Captive Conference 2022 - Embracing Change & Accelerating Growth The way Forward for Self-Insurance June 2022 SOA Asia-Pacific Annual Symposium Developing Actuarial Application using R Shiny October 2019 Indonesia Actuarial Conference 2019 IFRS 17 and Industry Revolution 4.0 September 2019 Artificial Intelligence (AI) Revolution 2019 Artificial Intelligence in Insurance September 2018 Vietnam Actuarial Seminar 2018 Embrace Changes in Insurance August 2018 Asian Captive Review Award 2018 Transparency and Digital Disruption July 2018 The ERM and ORSA framework at Bangkok, Thailand. Meltdown challenge. MELTDOWN Party June 2018 8th General Insurance & Takaful Actuarial Seminar Riding The Wave of Change 31st International Congress of Actuaries (ICA) Berlin Congress Program 2018 IBNR Robot - An Actuarial Application of Artificial Intelligence UTAR Actuarial Science Society - Actuary Today - The leader of Risk Management Risk Management - MELTDOWN May 2018 Malaysian Insurance Institute (MII) 4th Breakfast Talk - Life Framework - Are You Ready? Life Framework A collection of our press release November 2024 Actomate Achieves ISO9001 Quality Management System Certification, awarded by SIRIM QAS International and internationally recognised by IQNET, UKAS and Malaysia Standards. September 2024 Asian Captive Conference 2024 "Asian Anchors: Leading the Way in Captive Innovation" June 2024 The SOA Asia-Pacific Annual Symposium 2024 "Embracing the New Norm - Beyond Actuarial Frontier" December 2023 Nicholas Actuarial solutions receives the SME 100 Awards 2023 under the category of Fast-Moving Companies. November 2023 The ASM-SOA Joint Seminar 2023, Nicholas presented topics regarding applying new technology to actuarial work. September 2023 The Institute and Faculty of Actuaries (IFoA) Asia Conference 2023, Nicholas Actuarial Solutions is the Gold Sponsor for the event. September 2023 The Insurance Capital Adequacy Framework Conference, Our Founder & Actuary Nicholas Yeo is one the panelist for the panel discussions regarding the ICAF topical issues June 2023 The Asia Pacific PAI-SOA Joint Symposium in Indonesia, our Founder and Actuary Nicholas Yeo delivered a presentation on Professionalism May 2023 PT Tiga Solusi Pilihan, An Affiliate of Nicholas Actuarial Solutions in Indonesia March 2023 Kok Ming Wei, an Associate Actuary of Nicholas Actuarial Solutions delivered a presentation on Environmental, Social and Governance strategies (ESG) at ASM conference 2023 August 2022 Nicholas Actuarial Solutions Complete the disposal Exercise of Minority Shareholding in Deartime Berhad July 2022 Nicholas Actuarial Solutions Completion of the First Phase of Its Disposal Exercise for Its Minority Shareholding in Deartime Berhad June 2022 "The Explorers – Stories of Actuary Entrepreneurs" June Webcast Nicholas Yeo, Founder & Actuary of Nicholas Actuarial Solutions, and Debbie Ooi, Actuarial Analyst Present About Developing Actuarial Applications Using R Shiny November 2021 Nicholas Yeo, Founder & Actuary of Nicholas Actuarial Solutions in Promoting Your Business Townhall Networking Event Launching of a Fully Automated PET Robot by Nicholas Actuarial Solutions March 2021 IFoA - Exploring the Change podcast series May 2020 Nicholas Actuarial Solutions Receives QAS Quality Accreditation April 2020 Leading Insurance and Takaful Industry Expert Azlin Joins Nicholas Actuarial Solutions Nicholas Actuarial Solutions in Collaboration Partnership with DD Consulting February 2020 Insurance Industry Leader Wong Kim Teck Joins Nicholas Actuarial Solutions January 2020 Senior Actuary Patrick Cheah Joins Nicholas Actuarial Solutions October 2019 Nicholas Actuarial Solutions Speaks at Indonesia Actuarial Conference Nicholas Actuarial Solutions Wins Top Actuarial Firm in Asia Award 2019 Navigating Risk in the Digital Era June 2019 Leading Asian Actuarial Firm Establish Branch Operations in Labuan May 2019 Nicholas Actuarial Solutions Shortlisted for Risk Management Award January 2019 Nicholas Actuarial Solutions Sets Up Japan Desk March 2018 Nicholas Actuarial Solutions Inked Strategic Partnership with Businessbuysell.my to Provide Analytics and Due Diligence Services to the Marketplace November 2015 Malaysian Startup Nicholas Actuarial Solutions Trailblazing the ASEAN Predictive Analytics Scene PRESS RELEASEs

Actomate fosters a positive culture and working environment proactively promotion of Diversity, Equity & Inclusion (DEI). DIVERSITY, EQUITY & INCLUSION STRATEGY Actomate's Diversity, Equity & Inclusion (DEI) strategy comprise our actions to promote a positive working environment. Diversity We hire inclusively We work closely together with clients from different regions, culture and industries Our team members have diverse education, background, working experience, market knowledge, technical skills, language abilities and personal experiences The Institute and Faculty of Actuaries' Quality Assurance Scheme As a Quality Assurance Scheme (QAS) accredited organisation, we are committed to fostering a positive culture and working environment. This includes the p roactive promotion of Diversity, Equity and Inclusion (DEI), through: An appreciation and understanding of how DEI will impact experience at work; A respectful working environment where all team members are valued; All colleagues are valued; and An environment where all team members feel able to raise DEI matters without fear of retaliation. CONTACT US

Actuarial firm specialising in technology, education, analytics and offshore insurance, in addition to traditional actuarial services. We are the insurtech specialist, the innovative actuarial consultant. Nicholas Actuarial Solutions is the first and only actuarial firm awarded MSC Malaysia status. ACTOMATE TECHNOLOGY & INNOVATION PRACTICE We develop technology and artificial intelligence in the field of actuarial science. Our solutions are state-of-the-art and world leading, serving like-minded clients in the forefront of technology and innovation. IBNR ROBOT IBNR Robot estimates the optimum level of expected claims liabilities and its range. The underlying artificial intelligence combines commonly used loss reserving methods, statistical optimisation techniques and pragmatic solutions. It is independent, robust and instant. It is commonly used in general insurance pricing and valuation. For more information, visit IBNR Robot. technology & process automation reinsurance administration risk management systems life insurance point of sale systems medical underwriting systems customised calculators enterprise data warehouse blockchain solutions innovation workshop Innovation is crucial to enterprise success. Our innovation workshop guides participants through real-life business challenges, using a variety of stimulating tools and activities. With our experience in the insurance sector, we have developed an insurance industry focused workshop specifically to benefit insurance companies. Practice Leader PRACTICE LEADER Nicholas Yeo FIA FASM FSA FSAS CIA Founder & Actuary Nicholas leads the Technology and Innovation Practice at Nicholas Actuarial Solutions. Nicholas founded Nicholas Actuarial Solutions 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 strategic, operational and risk management aspects of the business. Nicholas has developed various technology and software application including IBNR Robot, ReACC Robot, PET Robot, LRC Robot, LIC Robot, and PAA Robot. Nicholas also has significant experience in captive insurance, offshore insurance, robotic process automation, artificial intelligence and data analytics. Nicholas has 18 years experience in actuarial work including life insurance, family takaful, general insurance, general takaful, employee benefits, pension, medical insurance, reinsurance and insurtech startups. Nicholas held appointed actuary and signing actuary roles in various jurisdiction 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 an Associate Member of the Institute of Internal Auditors Malaysia and holds a Certificate in Finance and Investment (CFI) from the Institute and Faculty of Actuaries (UK). CONTACT US

Free Download! IFRS 17. Liability for Incurred Claims. Liability for Remaining Coverage. General Measurement Model. Premium Allocation Approach. PAI IFRS 17 WEBINAR 2021 Presentation materials are available for download below Session 1 - Liability for Incurred Claims Presentation Slides Policy Sample Class Sample with formula: Policy Sample Class Sample Session 2 - General Measurement Model Presentation Slides Policy Sample Class Sample with formula: Policy Sample Class Sample Session 3 - Premium Allocation Approach Presentation Slides Policy Sample Class Sample PAA Eligibility with formula: Policy Sample Class Sample PAA Eligibility

Discover key actuarial pricing strategies for insurance products with Actomate. Learn how to optimise pricing models for profitability & risk management. ACTOMATE ACTUARIAL PRODUCT PRICING STRATEGY 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. 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 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 financial projection 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 Practice Leader 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 What does an actuary do? Actuaries are problem solvers and strategic thinkers who use their skills to help measure the probability and risk of future events. Businesses and industries increasingly depend on the skills of actuaries and analysts to help them model and plan for the future. As the world changes at an increasingly rapid pace, risk management expertise can help businesses navigate this evolving landscape. How does actuarial consulting benefit my business? Actuarial consulting helps businesses make smarter decisions by assessing financial risks and uncertainties. Using historical data and statistical models, actuaries analyse outcomes, refine strategies, and support long-term financial stability. Their expertise is key in insurance, pensions, investments, and business planning, improving profitability and reducing risks. I’m not sure if you can help me with the business problem, what should I do? You can share the details of your issue by filling out the form on our Contact Us page or reaching out to us via WhatsApp. From there, we’ll gladly arrange a call to discuss further. CONTACT US

Explore IFRS 17, the international standard for financial reporting in the insurance industry. Actomate offers solutions to simplify adoption & compliance. ACTOMATE International Financial Reporting Standard (IFRS 17) We specialise in implementing the International Financial Reporting Standard (IFRS 17) to comply with accounting requirements in accordance with International Accounting Standards Board (IASB). Download Flyer for more information Objective The objective of this Standard is to establish principles for the recognition, measurement, presentation and disclosure of insurance contracts within the scope of IFRS 17. The practices and processes for establishing contracts with customers vary across legal jurisdictions, industries and entities. The Standard requires an entity to: Provide relevant information that faithfully represents the Insurance Contracts. This information gives a basis for users of financial statements to assess the effect that insurance contracts have on the entity’s financial position, financial performance and cash flows. Consider its substantive rights and obligations, whether they arise from a contract, law or regulation, when applying IFRS 17. A contract is an agreement between two or more parties that creates enforceable rights and obligations. Enforceability of the rights and obligations in a contract is a matter of law. Contracts can be written, oral or implied by an entity’s customary business practices. Disregard terms that have no commercial substance as contractual terms include all terms in a contract, explicit or implied (eg no discernible effect on the economics of the contract). Implied terms in a contract include those imposed by law or regulation. Scope An entity shall apply IFRS 17 to: Insurance contracts, including reinsurance contracts, it issues; Reinsurance contracts it holds; and Investment contracts with discretionary participation features it issues, provided the entity also issues insurance contracts; and Insurance contracts acquired by the entity in a transfer of insurance contracts or a business combination other than reinsurance contracts held. An entity shall not apply IFRS 17 to: Warranties provided by a manufacturer, dealer or retailer in connection with the sale of its goods or services to a customer (see IFRS 15 Revenue from Contracts with Customers). Employers’ assets and liabilities from employee benefit plans (see IAS 19 Employee Benefits and IFRS 2 Share-based Payment ) and retirement benefit obligations reported by defined benefit retirement plans (see IAS 26 Accounting and Reporting by Retirement Benefit Plans). Contractual rights or contractual obligations contingent on the future use of, or the right to use, a non-financial item (for example, some licence fees, royalties, variable and other contingent lease payments and similar items: see IFRS 15, IAS 38 Intangible Assets and IFRS 16 Leases). Residual value guarantees provided by a manufacturer, dealer or retailer and a lessee’s residual value guarantees when they are embedded in a lease (see IFRS 15 and IFRS 16). Financial guarantee contracts, unless the issuer has previously asserted explicitly that it regards such contracts as insurance contracts and has used accounting applicable to insurance contracts. The issuer shall choose to apply either IFRS 17 or IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures and IFRS 9 Financial Instruments to such financial guarantee contracts. The issuer may make that choice contract by contract, but the choice for each contract is irrevocable. Contingent consideration payable or receivable in a business combination (see IFRS 3 Business Combinations). Insurance contracts in which the entity is the policyholder, unless those contracts are reinsurance contracts held. Credit card contracts, or similar contracts that provide credit or payment arrangements, that meet the definition of an insurance contract if, and only if, the entity does not reflect an assessment of the insurance risk associated with an individual customer in setting the price of the contract with that customer (see IFRS 9 and other applicable IFRS Standards). However, if, and only if, IFRS 9 requires an entity to separate an insurance coverage component that is embedded in such a contract, the entity shall apply IFRS 17 to that component. Some contracts meet the definition of an insurance contract but have as their primary purpose the provision of services for a fixed fee. An entity may choose to apply IFRS 15 instead of IFRS 17 to such contracts that it issues if, and only if, specified conditions are met. The entity may make that choice contract by contract, but the choice for each contract is irrevocable. The conditions are: The entity does not reflect an assessment of the risk associated with an individual customer in setting the price of the contract with that customer; The contract compensates the customer by providing services, rather than by making cash payments to the customer; and The insurance risk transferred by the contract arises primarily from the customer’s use of services rather than from uncertainty over the cost of those services. Some contracts meet the definition of an insurance contract but limit the compensation for insured events to the amount otherwise required to settle the policyholder’s obligation created by the contract (for example, loans with death waivers). An entity shall choose to apply either IFRS 17 or IFRS 9 to such contracts that it issues unless such contracts are excluded from the scope of “An entity shall not apply IFRS 17 to”. The entity shall make that choice for each portfolio of insurance contracts, and the choice for each portfolio is irrevocable. What does an actuary do? Actuaries are problem solvers and strategic thinkers who use their skills to help measure the probability and risk of future events. Businesses and industries increasingly depend on the skills of actuaries and analysts to help them model and plan for the future. As the world changes at an increasingly rapid pace, risk management expertise can help businesses navigate this evolving landscape. How does actuarial consulting benefit my business? Actuarial consulting helps businesses make smarter decisions by assessing financial risks and uncertainties. Using historical data and statistical models, actuaries analyse outcomes, refine strategies, and support long-term financial stability. Their expertise is key in insurance, pensions, investments, and business planning, improving profitability and reducing risks. I’m not sure if you can help me with the business problem, what should I do? You can share the details of your issue by filling out the form on our Contact Us page or reaching out to us via WhatsApp. From there, we’ll gladly arrange a call to discuss further. CONTACT US

Actuarial firm specialising in technology, education, analytics and offshore insurance, in addition to traditional actuarial services. We are the insurtech specialist, the innovative actuarial consultant. Nicholas Actuarial Solutions is the first and only actuarial firm awarded MSC Malaysia status. ACTOMATE RISK MANAGEMENT PRACTICE We provide a comprehensive range of risk management solutions, ranging from enterprise risk management implementation, providing risk management resources as well as independent risk management review. risk management implementation enterprise risk management (ERM) risk awareness development risk culture development market risk management credit risk management financial risk management compliance risk management strategic risk management operational risk management external risk reporting risk planning & risk evaluation key risk assessment policy audits & compliance risk analytics & risk model risk management resources We provide resources to support our clients' risk management practices. Our team has experience in risk management across life insurance, general insurance, reinsurance, takaful as well as enterprise risk management. In addition to providing resources and support, we assist our client to improve and automate risk management processes leading to long term efficiencies. risk management review enterprise risk management (ERM) key risk assessment compliance review reinsurance optimisation insurance risk management operational risk management financial risk management economic capital modelling (ECM) statutory capital modelling risk based capital (RBC) own risk solvency assessment (ORSA) internal capital model (ICM) Practice Leader PRACTICE LEADER Raymond Lai FSA FASM CFP NLP CBE Risk Management & AI Expert Raymond is a Fellow of the Society of Actuaries (US) and has over 30 years of actuarial, financial and risk management experience in the insurance industry. Raymond previously held appointed actuary, chief actuary and chief risk officer (CRO) roles and is currently the appointed actuary to life insurance, general insurance, family takaful and reinsurance companies. Raymond has experience across many markets in Asia including Bahrain, Myanmar, Vietnam, Malaysia, Labuan and Indonesia. He is proficient in many actuarial areas including product development and pricing, actuarial valuation, financial reporting, financial projection and enterprise risk management. Raymond has significant expertise in developing risk and capital management frameworks, developing growth strategies, performing risk analysis, developing compensation models and performing client value analysis. Raymond is a pioneer of new product ideas and systems and is recognised as a leading innovator in the market. He has coached and mentored many younger and successful actuaries. Raymond is a Certified Financial Planner and a Certified Neuro-Linguistic Programming (NLP) Practitioner for Appraisal and Performance Management. Raymond also has specialized knowledge in internet marketing, social media marketing and blockchain technology. CONTACT US

We provide actuarial valuation services for employee benefits including pension, gratuity, annuity, long service benefits, post-retirement medical benefits and flexible benefits in Singapore, Malaysia, Cambodia and other parts of Asia. ACTOMATE 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 benefit s ) , 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. benefit design & planning gratuity benefits end of service benefits pension benefits retirement benefits annuity long service benefits death & disability benefits withdrawal benefits ill-health early retirement benefits post retirement medical benefits flexible benefits salary planning scheme eligibility design sustainability analysis actuarial valuation & financial reporting accounting valuation funding valuation IAS 19 Employee Benefits SFRS(I) 1-19 Employee Benefits SFRS for SE 28 Employee Benefits MFRS 119 Employee Benefits MPERS 28 Employee Benefits MPSAS 25 Employee Benefits sensitivity testing dynamic financial analysis enterprise data warehouse employee stock options financial derivatives modelling Black-Scholes Model Monte Carlo Simulation binomial lattice trinomial lattice finite differences geometric brownian motion economic scenario generator stochastic modelling Practice Leader PRACTICE LEADER Shu Yi joined Actomate in 2017, she has more than 7 years of professional actuarial experience in life insurance and general insurance. She currently leads the employee benefits practice. Shu Yi plays a key role in developing business and managing clients in Asia such as Bangladesh, Cambodia, Dubai, Indonesia, Kuwait, Myanmar, Malaysia, Singapore and etc. She is eager to expand the firm’s offering to emerging countries. With Shu Yi’s current role in employee benefits, she has supported her clients of various background from non-governmental organizations to multinational and local companies and insurers. Shu Yi is familiar with International Financial Reporting Standards (IFRS) for employee benefits including IAS 19, MFRS 119, MPERS 28, MPSAS 25, SFRS (I) 1-19, SFRS for SE 28, IPSAS 39, NZ IAS 19. For Share-Based Payments IFRS 2, MFRS 2. In addition to the US GAAP ACS 715, ACS 718 and the UK GAAP FRS 102. Shu Yi is actively involved in the design and planning of employee benefits including retirement benefits, gratuity benefits, pensions benefits, post-retirement medical benefit, leave encashment benefits and Employee Stock Option Scheme (ESOS). She started her actuarial career in multinational life insurance company, responsible for the pricing of employee benefits. In 2023, Shu Yi received the BMI AFFINGEM Woman Entrepreneur Award. In a short period of just over 5 years, Shu Yi steered the company to grow by more than 10 times in revenue and profit. Shu Yi was the Secretary of Actuarial Society of Malaysia (ASM) for years 2020 - 2021. She graduated from Sunway University in Malaysia holding a BSc in Actuarial Studies. Lim Shu Yi 伙伴 RESOURCES International Practice International Accounting Standards 19 (IAS 19 Employee Benefits ) Singapore Singapore Financial Reporting Standards (International) (SFRS-(I) 1-19 Employee Benefits ) Singapore Financial Reporting Standards for Small Entities ( SFRS for SE 28 Employee Benefits ) Malaysia Malaysian Financial Reporting Standards 119 (MFRS 119 Employee Benefits ) Malaysian Private Entities Reporting Standards 28 (MPERS 28 Employee Benefits ) Malaysian Public Sector Accounting Standards 25 (MPSAS 25 Employee Benefits ) An Empirical Analysis of Defined Benefit Plans in Malaysia (Defined Benefit (DB) Plans ) Cambodia Prakas 443 on Seniority Indemnity (Prakas No. 443 ) India Accounting Valuation IND AS 19 (Ind AS 19 ) Accounting Valuation IND AS 2: Share-Based payments (Ind AS 102 ) Malaysia Singapore ACTUARIAL VALUATION OF EMPLOYEE BENEFITS We specialise in actuarial valuation for employee benefits to comply with accounting requirements according to local and international financial reporting standards. 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We specialise in actuarial valuation for employee benefits to comply with accounting requirements according to local and international financial reporting standards including IFRS 2. IFRS 2 Share-Based Payment We specialise in actuarial valuation for employee benefits to comply with accounting requirements according to local and international financial reporting standards including IFRS 2. Download Flyer for more information Objective The objective of this Standard is to specify the financial reporting by an entity when it undertakes a share-based payment transaction. In particular, it requires an entity to reflect in its profit or loss and financial position the effects of share-based payment transactions, including expenses associated with transactions in which share options are granted to employees. Scope 1. An entity shall apply this IFRS in accounting for all share‑based payment transactions, whether or not the entity can identify specifically some or all of the goods or services received, including: (a) equity‑settled share‑based payment transactions; (b) cash-settled share-based payment transactions; and (c) transactions in which the entity receives or acquires goods or services and the terms of the arrangement provide either the entity or the supplier of those goods or services with a choice of whether the entity settles the transaction in cash (or other assets) or by issuing equity instruments, except as noted in paragraphs 2⁠–⁠5 below. In the absence of specifically identifiable goods or services, other circumstances may indicate that goods or services have been (or will be) received, in which case this IFRS applies. 2. A share‑based payment transaction may be settled by another group entity (or a shareholder of any group entity) on behalf of the entity receiving or acquiring the goods or services. Paragraph 1 also applies to an entity that (a) receives goods or services when another entity in the same group (or a shareholder of any group entity) has the obligation to settle the share‑based payment transaction, or (b) has an obligation to settle a share‑based payment transaction when another entity in the same group receives the goods or services unless the transaction is clearly for a purpose other than payment for goods or services supplied to the entity receiving them. 3. For the purposes of this IFRS, a transaction with an employee (or other party) in his/her capacity as a holder of equity instruments of the entity is not a share‑based payment transaction. For example, if an entity grants all holders of a particular class of its equity instruments the right to acquire additional equity instruments of the entity at a price that is less than the fair value of those equity instruments, and an employee receives such a right because he/she is a holder of equity instruments of that particular class, the granting or exercise of that right is not subject to the requirements of this IFRS. 4. As noted in paragraph 1, this IFRS applies to share‑based payment transactions in which an entity acquires or receives goods or services. Goods include inventories, consumables, property, plant and equipment, intangible assets and other non‑financial assets. However, an entity shall not apply this IFRS to transactions in which the entity acquires goods as part of the net assets acquired in a business combination as defined by IFRS 3 Business Combinations (as revised in 2008), in a combination of entities or businesses under common control as described in paragraphs B1⁠–⁠B4 of IFRS 3, or the contribution of a business on the formation of a joint venture as defined by IFRS 11 Joint Arrangements. Hence, equity instruments issued in a business combination in exchange for control of the acquiree are not within the scope of this IFRS. However, equity instruments granted to employees of the acquiree in their capacity as employees (e.g., in return for continued service) are within the scope of this IFRS. Similarly, the cancellation, replacement, or other modification of share‑based payment arrangements because of a business combination or other equity restructuring shall be accounted for in accordance with this IFRS. IFRS 3 provides guidance on determining whether equity instruments issued in a business combination are part of the consideration transferred in exchange for control of the acquiree (and therefore within the scope of IFRS 3) or are in return for continued service to be recognised in the post‑combination period (and therefore within the scope of this IFRS). 5. This IFRS does not apply to share‑based payment transactions in which the entity receives or acquires goods or services under a contract within the scope of paragraphs 8⁠–⁠10 of IAS 32 Financial Instruments: Presentation (as revised in 2003)1 or paragraphs 2.4⁠–⁠2.7 of IFRS 9 Financial Instruments. 5A. This IFRS uses the term ‘fair value’ in a way that differs in some respects from the definition of fair value in IFRS 13 Fair Value Measurement. Therefore, when applying IFRS 2 an entity measures fair value in accordance with this IFRS, not IFRS 13.

Actomate has a team of highly motivated people making our clients more successful. OUR TEAM Team TEAM Nicholas Nicholas Yeo FIA FASM FSA FSAS FSAT 创办人兼精算师 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 strategic, operational and risk management aspects of the business. Nicholas has developed various technology and software application including IBNR Robot, ReACC Robot, PET Robot, LRC Robot, LIC Robot, and PAA Robot. Nicholas also has significant experience in captive insurance, offshore insurance, robotic process automation, artificial intelligence and data analytics. Nicholas has 18 years experience in actuarial work including life insurance, family takaful, general insurance, general takaful, employee benefits, pension, medical insurance, reinsurance and insurtech startups. Nicholas held appointed actuary and signing actuary roles in various jurisdiction 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. Shu Yi Shu Yi joined Actomate in 2017, she has more than 7 years of professional actuarial experience in life insurance and general insurance. She currently leads the employee benefits practice. Shu Yi plays a key role in developing business and managing clients in Asia such as Bangladesh, Cambodia, Dubai, Indonesia, Kuwait, Myanmar, Malaysia, Singapore and etc. She is eager to expand the firm’s offering to emerging countries. With Shu Yi’s current role in employee benefits, she has supported her clients of various background from non-governmental organizations to multinational and local companies and insurers. Shu Yi is familiar with International Financial Reporting Standards (IFRS) for employee benefits including IAS 19, MFRS 119, MPERS 28, MPSAS 25, SFRS (I) 1-19, SFRS for SE 28, IPSAS 39, NZ IAS 19. For Share-Based Payments IFRS 2, MFRS 2. In addition to the US GAAP ACS 715, ACS 718 and the UK GAAP FRS 102. Shu Yi is actively involved in the design and planning of employee benefits including retirement benefits, gratuity benefits, pensions benefits, post-retirement medical benefit, leave encashment benefits and Employee Stock Option Scheme (ESOS). She started her actuarial career in multinational life insurance company, responsible for the pricing of employee benefits. In 2023, Shu Yi received the BMI AFFINGEM Woman Entrepreneur Award. In a short period of just over 5 years, Shu Yi steered the company to grow by more than 10 times in revenue and profit. Shu Yi was the Secretary of Actuarial Society of Malaysia (ASM) for years 2020 - 2021. She graduated from Sunway University in Malaysia holding a BSc in Actuarial Studies. Lim Shu Yi 伙伴 Raymond Raymond Lai FSA FASM CFP NLP CBE 人工智能与风险管理专家 Raymond is a Fellow of the Society of Actuaries (US) and has over 30 years of actuarial, financial and risk management experience in the insurance industry. Raymond previously held appointed actuary, chief actuary and chief risk officer (CRO) roles and is currently the appointed actuary to life insurance, general insurance, family takaful and reinsurance companies. Raymond has experience across many markets in Asia including Bahrain, Myanmar, Vietnam, Malaysia, Labuan and Indonesia. He is proficient in many actuarial areas including product development and pricing, actuarial valuation, financial reporting, financial projection and enterprise risk management. Raymond has significant expertise in developing risk and capital management frameworks, developing growth strategies, performing risk analysis, developing compensation models and performing client value analysis. Raymond is a pioneer of new product ideas and systems and is recognised as a leading innovator in the market. He has coached and mentored many younger and successful actuaries. Raymond is a Certified Financial Planner and a Certified Neuro-Linguistic Programming (NLP) Practitioner for Appraisal and Performance Management. Raymond also has specialized knowledge in internet marketing, social media marketing and blockchain technology. Wong Wong joined Actomate as an Advisor for Captive Insurance in 2020. He brings significant expertise, experience and dynamism to the team. He is well known as a leader in the captive insurance industry. Wong has helped to firm and manage many captives in Asia achieving superior risk management and cost savings for the parent companies. Wong has over 30 years of experience in the general insurance industry. In his past capacity as a chief executive officer (CEO) and managing director of insurance companies, Wong led major transformation initiatives and turnaround programs in the companies he helmed. He also took an active role in the Malaysian general insurance industry by serving the General Insurance Association of Malaysia (PIAM) in 2009 as a Deputy Chairman and was elected as Chairman in 2012. Wong is also a Principal Director in Labuan Insurance Management Services Limited and a Chartered Insurance Practitioner. He is also admitted to the Malaysian Bar as an advocate and solicitor of the High Court of Malaya. Wong Kim Teck 顾问 (Captive Insurance) Kun Khim Woon Kun Khim FIA 精算师 Kun Khim oversees all the actuarial works in Actomate. He has over 10 years of experience in actuarial work covering life insurance, general insurance, family takaful, general takaful, captive insurance and reinsurance. Kun Khim is currently serving as the appointed actuary or external actuary in these verticals. His area of expertise includes actuarial valuation, actuarial modelling, financial reporting, product pricing, business planning, strategic planning, shareholder reporting and risk management. He has led several IFRS 17 implementation projects for life insurance, general insurance and family takaful companies. Kun Khim is proficient in Prophet, Excel and Visual Basic for Applications (VBA). Kun Khim has worked with clients in Malaysia, Singapore, Cambodia, Myanmar, Mauritius and Laos. In his previous role, he was the assistant lead for the IFRS 17 implementation project for a large multinational insurance company. He was involved in leading the work from establishing going-in positions for both conventional life insurance and family takaful businesses, coordinating the position with regional and corporate offices as well as leading the relevant technical discussions and assessments with the project team. He also led the actuarial modelling function, covering the consolidation of new product model, ad-hoc enhancements and independent model review with regional review team. Kun Khim is a Fellow of the Institute and Faculty of Actuaries (UK). He graduated from the Australian National University with a BSc Actuarial Studies. Wei Wei T Wei Wei is an actuary with over 20 years of experience in actuarial work. She oversees the office and clients in Penang. Wei Wei has experience working across many countries such as Malaysia, Thailand, Australia, India, Singapore, Taiwan and South Korea. She has experience across life insurance, family takaful, general insurance and group insurance business. Wei Wei has extensive experience in actuarial works including financial reporting, regulatory reporting, business projection, planning & forecasting, value reporting, IFRS 17, traditional embedded value, market consistent embedded value (MCEV), value of new business (VNB) and market consistent value of new business (MCVNB), Solvency II, US GAAP reporting, PGAAP reporting, actuarial pricing, actuarial process review, reinsurance management and Prophet modelling & enhancements. Wei Wei also has experience leading and reviewing employee benefit valuations including gratuity, post-retirement medical benefits, pensions and other employee benefits. Wei Wei is an expert Prophet user with experience in managing and setting controls and checks in Prophet and Data Conversion System (DCS). She is also proficient in Excel and Visual Basic for Applications (VBA). Wei Wei is well known for her Prophet expertise in Asia. Wei Wei is a Fellow of the Society of Actuaries (US). Wei Wei graduated from Universiti Kebangsaan Malaysia with a BSc in Actuarial Science. Teoh Wei Wei FSA 精算师 Yue Shen Goh Yue Shen 精算分析师 Yue Shen is an Actuary at Actomate. He has over 6 years of experience in actuarial work. Yue Shen has worked with different clients with different needs and expectations. All these different experience has made him a fast learner, and also flexible to adapt to the current situation. Yue Shen is well versed with statutory reporting, embedded value, IFRS 17 and actuarial valuation, leading various projects for general insurance, life insurance, family takaful, reinsurance and captive insurance clients. Over the past few years, he has been involved in numerous IFRS 17 projects covering transition impact to working with CSM engine. Yue Shen also has experience in process automation, actuarial modelling, financial reporting, business projection and pricing. This experience comes from his years of working and understanding with different clients with different needs. He has delivered meaningful work in each of the project he has participated in. The clients he has worked with come from Malaysia, Brunei, Singapore, Indonesia, Cambodia and Fiji. He is familiar with the local regulations and business environment. Yue Shen is proficient in Prophet, Data Conversion System (DCS), Excel, Visual Basic for Applications (VBA) and Moody’s Risk Integrity. Yue Shen graduated from Heriot-Watt University Malaysia with a BSc in Actuarial Science. He is a Fellow of the Institute and Faculty of Actuaries (UK). Ming Wei Ming Wei is an Actuary at Actomate. She has over 5 years of experience in a variety of actuarial functions, including actuarial reserving, financial reporting, capital modelling, pricing reviews, risk assessments and financial projections in reinsurance, general insurance, life insurance, captive insurance, and takaful fields. Ming Wei has a deep understanding of local regulatory requirements, having led numerous actuarial valuation projects for insurance companies in Malaysia, Singapore, Hong Kong and Myanmar. Ming Wei has extensive experience in general insurance risk assessments, pricing reviews, and capital management, including portfolio analysis, market research, competitive pricing strategies, stress testing and Internal Target Capital Level (ITCL) assessments. Her experience has been further enriched by secondment with several insurance and takaful companies, where she worked directly within the client teams to meet client-specific needs. Her expertise extends to IFRS 17 implementation for insurance and takaful companies, where she has handled impact assessments, transition planning, financial projections, and provided client training. Additionally, Ming Wei is involved in IFRS 17 software development and is proficient in Excel, Visual Basic for Applications (VBA), R, Prophet, Data Conversion System (DCS), and Statistical Analysis System (SAS). Ming Wei graduated from Heriot-Watt University Malaysia with a BSc (Hons) in Actuarial Science. Ming Wei has attained Fellowship from the Institute and Faculty of Actuaries (UK). Beyond her actuarial expertise, Ming Wei has also contributed to strategic initiatives at Actomate, particularly in funding activities and investor relations. As a Key Client Lead, Ming Wei has played a central role in managing relationships with key clients and ensuring the timely delivery of high-quality project outcomes. With her broad skill set, strong leadership abilities, and client-focused approach, Ming Wei consistently delivers significant value to clients and ensures that actuarial challenges are met with innovative solutions. Kok Ming Wei 准精算师 Min Jyeh Debbie Ooi (Min Jyeh) 精算分析师 Debbie joined Actomate in 2018. She is the Analytics Lead. She has over 5 years of experience in the actuarial industry. Debbie has extensive experience in a wide range of actuarial work including actuarial valuation, product pricing, financial projection, business feasibility studies, risk management, financial reporting, IFRS 17 and underwriting policy development. Debbie has experience across life insurance, general insurance, captive insurance life reinsurance, general reinsurance, family takaful and general takaful verticals. Her work spans across Malaysia, Australia, Cambodia, Myanmar, Singapore, Indonesia, Thailand and Bahrain. Debbie is proficient in R, Python, Power BI, Visual Basic for Applications (VBA), Statistical Analysis System (SAS) and Structured Query Language (SQL) programming languages, as well as actuarial applications such as Excel, Data Conversion System (DCS) and Prophet. She has led several actuarial software development projects, including PET Robot, LRC Robot, LIC Robot for IFRS 17 and ReACC for reinsurance accounting. She also has extensive experience building automation tools to enable process automation in actuarial work. Debbie has strong communication skills due to her prior exposure to journalism and leadership experiences. She has been actively delivering educational talks to university students on topics relating to the actuarial industry. Debbie has co-written a research paper for the Society of Actuaries (SOA) on the topic of artificial intelligence and its application in actuarial work. Debbie graduated from the University of Liverpool, United Kingdom with a BSc (Hons) in Actuarial Mathematics. She is currently studying towards attaining Fellowship of the Institute and Faculty of Actuaries (UK). Jone Keat Jone Keat joined Actomate in 2020, he is the Technology Development Lead of the company. He has over 4 years of experience serving as a programmer and software developer in the actuarial industry. Jone Keat has practical experience in both the software development and actuarial works including frontend and backend web applications, application programming interface (API), database, and actuarial valuation in Malaysia. Jone Keat is proficient in R, Visual Basic for Applications (VBA), HTML and CSS, and he is learning Javascript and Rust programming languages. He is also proficient with actuarial applications and automation tools such as Excel, Data Conversion System (DCS) and Data3Sixty. He has worked on several software development projects, including ReACC Robot for reinsurance accounting, LRC Robot, LIC Robot for IFRS 17, and job recruitment application. To better understand our client needs, Jone Keat is proactively involved in actuarial valuation projects of general insurance. Jone Keat is also an experienced trainer, he has developed training materials and conducted technology trainings to internal staff. Jone Keat has prior work experience in the economic database company, to ensure the accuracy and timeliness of the economic data and financial forecast. In his prior experience, Jone Keat is equipped with knowledge of building automation tools to enhance the efficiency of the operations, and modelling time series. Jone Keat graduated from Universiti Tunku Abdul Rahman with a BSc (Hons) in Actuarial Science. He is currently studying towards attaining Fellowship of the Casualty Actuarial Society (CAS). Lim Jone Keat 程序师 Eng Kheng Ng Eng Kheng 精算分析师 Eng Kheng is the Modelling Lead at Actomate. He has over 5 years of experience in actuarial work, covering fields such as life insurance, family takaful, reinsurance, employee benefits, funeral schemes, pension and insurtech startups. Eng Kheng has worked for clients across Asia, including Malaysia, Cambodia, Thailand, Singapore, Bangladesh and Mauritius Seychelles. For these clients, he has performed actuarial valuation, product pricing, financial reporting, capital modelling, stress testing, feasibility studies and financial projections. Eng Kheng has supported IFRS 17 implementation for insurance and takaful companies in Malaysia. He has also underwent secondments to client in regional IFRS 17 roles such as IFRS 17 reporting and modelling. Eng Kheng is skilled at Prophet and Data Conversion System (DCS) modelling, as well as providing training in DCS and Prophet. Eng Kheng is proficient in Excel, Visual Basic for Applications (VBA), Alteryx and R. He has significant experience in building and testing application software using R Shiny. He is involved significantly in the coding and testing of reinsurance software, ReACC robot which is used by clients regularly to generate reinsurance results. Eng Kheng graduated from the University of Manchester with First Class Honours in BSc Actuarial Science and Mathematics in 2018. He is currently studying towards qualifying as a Fellow of the Institute and Faculty of Actuaries (UK). Jessie Jessie is an Associate Actuary and she is the Reporting Lead at Actomate. Jessie has over 5 years of experience in actuarial work, and has led various actuarial valuation projects across Malaysia, Cambodia, Laos, and Papua New Guinea. Jessie is well-versed in local regulatory requirements and oversees all internal regular statutory and financial reporting, ensuring compliance with regulations and adherence to submission deadlines. Jessie is also heavily involved in IFRS 17 implementation projects for general and captive insurance companies. Apart from that, Jessie has contributed to the review and development of in-house IFRS 17 software, the PAA Robot. Jessie is proficient in Excel and Data3Sixty. Jessie has worked with a diverse range of clients, including family takaful, general insurance, general takaful, captive insurance, reinsurance, and funeral service companies. Her expertise covers actuarial valuation, financial reporting, reinsurance optimization, capital modeling, and product pricing. Jessie also has experience assisting audit firms with actuarial-related audit work. Jessie graduated with First-Class Honours in BSc (Hons) Actuarial Science from Heriot-Watt University, Malaysia. Jessie is currently studying towards attaining Fellowship of the Institute and Faculty of Actuaries (UK). Jessie is keen on exploring and applying her actuarial knowledge in both traditional and non-traditional areas of actuarial work. Jessie Leong 精算分析师 Nadia Nadia Suharto 精算分析师 Nadia is an Associate Actuary and she is the Country Lead for Indonesia. 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. Samsome joined Actomate in 2024, bringing over 5 years of experience in actuarial valuation, data analytics, and IFRS 17 modelling for life and general insurance. He currently leads business development and all aspects of Actomate's operations in Singapore. Samsome has contributed to valuation projects across Malaysia, Singapore, and Cambodia, where he played a key role in building valuation models and automating processes to enhance efficiency. His expertise includes ETL and data management, with a focus on IFRS 17 cash flow modelling. Before joining Actomate, Samsome was heavily involved in the IFRS 17 implementation for a Singapore insurer. He managed User Acceptance Testing to ensure data flow and systems functioned as expected, with proper documentation and minimal human intervention. After the implementation, he streamlined the IFRS 17 workflow for general insurance and automated many manual processes. Additionally, he developed Alteryx models and Visual Basic for Applications (VBA) tools to enhance data verification and report generation. Samsome is proficient in Excel, VBA, Alteryx, Power BI, Data360, and Prophet. He is passionate about exploring new challenges and advancing his expertise in data analytics, automation, and risk management. He aims to leverage technology and actuarial work to make his clients more successful. Samsome graduated with First Class Honours in Actuarial Science from Universiti Tunku Abdul Rahman and is currently pursuing Fellowship with the Society of Actuaries (US), SOA. Samsome Samsome Chong Country Lead, Singapore Ryan Ryan Lim Wen Yang 业务发展分析师 Ryan began his career at Actomate in 2021 as a Business Development Analyst, and was promoted to Business Development Lead in 2024 due to his strong performance and leadership skills. With over 4 years of experience in business development, Ryan has played a crucial role in helping the firm understand and meet client objectives. His responsibilities include providing market intelligence, identifying new business opportunities, and preparing detailed business and financial reports to align stakeholders with the firm’s goals. Ryan’s key strengths are effective teamwork, excellent communication and strong interpersonal skills which enables him to build lasting relationships with clients and external partners. His adaptability is another major asset, as he quickly learns and adjusts to changing client needs, ensuring that both the firm and its clients receive the best possible outcomes. Ryan’s flexible approach and commitment to excellence have consistently helped him navigate complex challenges and diverse client expectations. Throughout his career, Ryan has had the opportunity to work with clients across a wide range of industries, including insurance, banking and finance, construction, healthcare, manufacturing, automotive, food and beverage, agriculture, tourism, plantation, electrical, as well as large multinational corporations (MNCs) and non-governmental organizations (NGOs). He has served clients in multiple countries across Asia, including Malaysia, Singapore, Vietnam, Hong Kong, Cambodia, and Indonesia, gaining valuable insights into various market dynamics and business practices. Ryan holds a Bachelor's degree in International Business and Marketing from Taylor's Lakeside University. Before his current role, he interned at a renowned audit firm as a Market Analyst, where he honed his analytical and market research skills, setting the foundation for his success in business development at Actomate. Raymond Goh Raymond is an Associate Actuary with over 5 years of experience in the industry. Having embarked on his professional journey in 2018, Raymond joined the company in 2022. His commitment to actuarial excellence and passion for innovation have driven him to make impactful contributions throughout his career. Raymond has spearheaded diverse projects in countries like Malaysia, Cambodia, Laos, and Vietnam. His expertise extends across both life and general insurance, encompassing insurance valuation, product pricing, economic scenario generators (ESG) and IFRS 17 implementation and training. His skills include utilizing Excel, Visual Basic for Applications (VBA), R, Prophet and Python. In his previous role, Raymond played a pivotal role in an insurtech start-up in Vietnam, where he served as an investment and business analyst. There, he was instrumental in project management, proposal development, and communication with clients, partners, and investors. In addition, he led the data and analytics team, managing extensive responsibilities in big data, modeling, and machine learning projects. A graduate with First Class Honours in BSc Actuarial Science from UCSI University Malaysia, Raymond is currently an Associate on the path to achieving Fellowship of the Society of Actuaries (US), SOA. Raymond Goh 精算分析师 Zhien Choong Zhien Choong is an Associate Actuary with the company. He possesses an extensive background in actuarial field, accumulating over a decade of invaluable experience. His journey in the industry began 15 years ago, marking the commencement of a career characterized by innovation and excellence. Zhien Choong's expertise lies on pricing and valuation work. His impactful work extends across Malaysia, Indonesia, Labuan, covering diverse sectors such as life insurance, general insurance, family takaful, and reinsurance. Zhien Choong excels in predictive analytics, machine learning, and deep learning techniques, driving data-driven business decisions through analytics. In his earlier roles, Zhien Choong held influential positions, including Head of Analytics at various multinational company, where he pioneered advanced analytics and spearheaded initiatives involving external consultants, reinsurers, and centralized repository infrastructure management. His leadership in predictive modeling, AI, and visual analytics, played a pivotal role in shaping the landscape of these organizations. Zhien Choong's invaluable experience in pricing and valuation further underscores his comprehensive skill set, contributing to the financial success of the organizations he has been part of. Zhien Choong's academic prowess includes a B.Sc. in Actuarial Mathematics and Finance from the University of Malaya. His professional qualifications include being an Associate of the Society of Actuaries (US) and a Chartered Financial Analyst (CFA). Additionally, Zhien Choong is certified in deep learning and holds Statistical Analytics System (SAS) certifications, showcasing his commitment to staying abreast of technological advancements. Proficient in tools like SAS, Tableau, Power BI, Amazon Elastic Compute Cloud (AWS EC2), and programming languages like Python and Visual Basic for Applications (VBA), Zhien Choong is a dynamic professional contributing to the intersection of tradition and innovation in the ever-evolving field of actuarial sciences. Lee Lye Yin 财务助理总监 Wei Jie is an Associate Actuary with five years of experience in the life insurance industry. He has accumulated extensive experience in product pricing, alongside proficiency in key technical tools such as Prophet, Excel, Visual Basic for Applications (VBA) and Structured Query Language (SQL). His technical skills enable him to analyze data sets and develop robust pricing models that drive business success. Wei Jie possesses strong analytical skills and attention to details, enabling him to develop innovative pricing strategies. His previous experience includes product pricing and modelling of traditional and investment-linked products. He has also contributed to automation projects that streamline processes, demonstrating his commitment to innovation and efficiency. In addition to his pricing experience, Wei Jie is involved in various valuation work for Labuan insurers, medical repricing projects for takaful company and financial projection works. Wei Jie graduated from Heriot-Watt University with a BSc (Hons) in Actuarial Science and an MSc in Actuarial Management. He has attained Associateship from the Institute and Faculty of Actuaries (UK) and is currently pursuing his Fellowship qualifications. As a keen and fast learner, he continually seeks opportunities to enhance his knowledge and skills within the actuarial field. Wei Jie Chu Wei Jie AIA C. Act Associate Actuary Pei Sim Pei Sim is an Associate Actuary at Actomate with over two 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. Ng Pei Sim AIA C. Act Associate Actuary Min Li Min Li is an Associate Actuary with close to 4 years of experience in the life insurance and takaful industry, serving clients in Malaysia and Labuan. She first started her career in 2021. She has actuarial modelling experience in Prophet and Data Conversion System (DCS) and actuarial valuation experience in takaful statistical reporting, economic capital reporting and local statistical reporting. Min Li is proficient in Excel, Prophet, DCS and FoxPro. Min Li is involved in internal target capital level project for Labuan insurers, medical repricing project for Malaysia takaful company, actuarial valuation work for insurtech start-up, actuarial audits and climate risk stress testing for life insurance company in Malaysia. Min Li has various modelling experience which includes model enhancements and new product coding in the family takaful industry. She has also been involved in performing data enhancements to improve reporting accuracy. Apart from that, Min Li has supported table and model updates, data checking and negative testing for IFRS17 reporting. Min Li also developed and enhanced programming for statistical reporting and provided support in handling statistical reporting-related queries. Aside from that, Min Li has experience in economic capital reporting and IFRS17 implementation. She has performed analysis on economic capital reporting and assisted to set up runs to perform variable fee approach (VFA) eligibility test and profitability assessments. Min Li graduated from Sunway University with a First-Class Honours in BSc (Hons) Actuarial Studies, and she is currently studying towards qualifying as a Fellow in the Institute and Faculty of Actuaries (UK). Tan Min Li AIA C. Act Associate Actuary Jacy Jacy Chin Jia Xin 精算分析师 Jacy is an Associate Actuary at Actomate. Jacy has over 3 years of experience in actuarial work covering life insurance, family takaful and reinsurance. Jacy has experience in actuarial valuation, actuarial modelling and IFRS 17 in the life insurance field. She has been working on life reserving valuation for a company in Cambodia. Apart from that, Jacy has been involved in IFRS 17 implementation and reporting projects for life insurance and family takaful companies. She is proficient in Prophet, Excel and Data Conversion System (DCS). Jacy has worked with clients in Malaysia, Cambodia and Singapore. Jacy has several experiences on secondment to large multinational insurance companies for IFRS 17 projects. Jacy was involved in IFRS 17 implementation work in the life insurance field from operating and testing the IFRS 17 transition tool to analysing the results. She is currently working on IFRS 17 parallel run work in the Family Takaful company. Jacy helps in IFRS 17 modelling work which includes building the IFRS 17 roll-forward mechanism in Prophet and Data Conversion System (DCS). Besides, she is also involved in IFRS 17 retakaful modelling and ad-hoc enhancements on the working templates. Jacy graduated from Sunway University with first-class honours in BSc (Hons) Actuarial Studies. She is currently studying towards attaining the Fellowship of Institute and Faculty of Actuaries (UK), IFoA. Shao Weng Shao Weng is an Associate Actuary with over two years of actuarial experience spanning life insurance, family takaful, and general insurance. He has worked with various clients across Southeast Asia, including Malaysia, Singapore, Myanmar, and Cambodia. He has been involved in product pricing at a family takaful company and has been seconded multiple times to large multinational insurance firms for pricing projects. Shao Weng has led a valuation project in Malaysia and a pricing project in Singapore for multinational and local insurers, as well as start-ups. He is familiar with the regulatory requirements of Bank Negara Malaysia (BNM) and the Labuan Financial Services Authority (LFSA). His expertise covers actuarial valuation in general insurance, general insurance pricing, product development, financial projection, and pricing, with a strong focus on medical repricing in life insurance and family takaful. He is proficient in Excel, Visual Basic for Applications (VBA), Prophet, Data Conversion System (DCS), R Programming, and Power BI. Shao Weng is also skilled in Excel modelling. He developed an Excel template for the Insurance Capital Adequacy Framework (ICAF) form using Excel and VBA, which improved the efficiency of ICAF submissions. Shao Weng graduated from Sunway University with First Class Honours in BSc (Hons) Actuarial Studies. He is an Associate of the Institute and Faculty of Actuaries (UK) and is currently studying towards attaining Fellowship of the IFoA. Ng Shao Weng AIA C. Act Associate Actuary Yan Chin Lee Yan Chin 精算分析师 Yan Chin is an Associate Actuary at Actomate, with over two years of experience across the life insurance, general insurance, and reinsurance sectors. She has developed deep expertise in actuarial valuation and IFRS 17 implementation, with a strong understanding of both local regulatory frameworks and international reporting standards. Yan Chin has played a key role in multiple IFRS 17 implementation projects, ensuring data preparation, financial statement compliance, and impact analysis. Her contributions have been instrumental in ensuring project success and have strengthened her technical proficiency in Excel VBA, Power BI, RStudio, and proprietary automation tools for PAA and IBNR valuation. She is also actively involved in the development of Actomate’s in-house PAA software. Yan Chin has experience in actuarial modelling, financial projections, transfer pricing, and employee benefits valuation. She was seconded to a multinational insurance company in Malaysia, where she successfully streamlined internal processes using Power Query. Her diversed experience allows her to understand the different functions of the insurance industry. Yan Chin holds a BSc (Hons) in Actuarial Studies from Sunway University and is currently pursuing Fellowship with the Institute and Faculty of Actuaries (UK). Rehana Rehana Godrei Business Development Executive Rehana joined Actomate as a Business Development Executive in November 2024, following her internship with the company, where she gained valuable experience in supporting key business development initiatives. During her internship, Rehana played a critical role in helping Actomate achieve its ISO 9001 certification, showcasing her dedication to maintaining high standards of quality. She also contributed to marketing efforts, internal operations, and other strategic projects, all of which helped drive the company’s growth. Rehana combines strong communication skills with adaptability and a sharp attention to detail, allowing her to work effectively within teams and build strong client relationships. Her expertise in Excel and analytical skills have supported her in streamlining processes and driving business development strategies. With a proactive mindset and commitment to delivering results, Rehana consistently contributes to creating and implementing strategies that align with both company goals and client needs. Rehana holds a Bachelor of Science (Hons) in Actuarial Science from Taylor’s University. Passionate about business development and continuous improvement, she is dedicated to helping Actomate succeed and expand in a competitive market. Min-Qi Gai Min-Qi 精算分析师 Min-Qi joined Actomate as an Actuarial Analyst in 2021. She has nearly 3 years of experience in the actuarial industry. She has experience in actuarial analytics, actuarial valuation and statistical reporting covering general insurance in Malaysia. Min-Qi is proficient in Excel and Structured Query Language (SQL) programming language. She has experience working with R programming, Data3Sixty, Visual Basic for Applications (VBA). She is involved in enhancing and maintaining actuarial technology such as LIC Robot and LRC Robot. She has undergone an actuarial secondment with a multinational insurance company. She has also performed data processing enhancements for the clients to improve the process efficiency and reporting accuracy. Her work experience has shaped her to be attentive to details and helped her develop analytical as well as problem-solving skills. Min-Qi graduated from Sunway University with a First-Class Honours in BSc (Hons) in Actuarial Studies. She is currently studying towards attaining Associateship and Fellowship of the Institute and Faculty of Actuaries (UK), IFoA. Celine Celine joined Actomate as an Actuarial Analyst in 2022. Celine has over 4 years of experience with 2 years in actuarial work covering life insurance, general insurance and reinsurance, and another 2 years in product development and pricing support. Celine has experience working on secondments for large multinational companies in the aspects of reinsurance and embedded value (EV) calculation. Her proficiency in using Prophet contributed to the reinsurance modelling for new and existing products of the company and she worked on ad-hoc work including building Excel validation templates to validate the reinsurance variables of Prophet against the Excel model. Besides, she was involved in assisting EV calculation work for clients to make management decisions. Moreover, Celine has experience working on actuarial valuation, insurance and reinsurance optimisation work, in life insurance, general insurance and reinsurance. She has been working on actuarial valuations for clients from Cambodia & Labuan in providing the clients with a clear and accurate picture of their financing outstanding and future liabilities. Despite that, she worked on the insurance and reinsurance optimisation work for clients from Cambodia & Malaysia by using Excel and R to analyse the results, in minimizing costs and managing risk effectively. Celine graduated from Asia Pacific University with a First-Class Honours in BSc (Hons) in Actuarial Studies and currently studying towards attaining the Fellowship of Society of Actuaries (US), SOA. Celine Chew Kah Yan 精算分析师 Vincent Gideon Lee 精算分析师 Vincent joined Actomate as an Actuarial Analyst in 2022. Vincent has over 1 year of experience in actuarial work, covering life insurance, reinsurance, family takaful, and employee benefits. Vincent is currently involved in secondment for IFRS 17 parallel run work in a family takaful company. Vincent supports the IFRS 17 implementation, reporting, system validation, and enhancements. He is also experienced in IFRS 17 retakaful reporting works. Vincent also has experience in employee benefits valuation, having performed various valuations for clients across Southeast Asia, and also is involved in the development of the employee benefits valuation. Apart from that, Vincent also has been working on reinsurance results calculation for a company in Cambodia. Vincent is proficient in Excel, Visual Basic for Applications (VBA) and Data Conversion System (DCS). Vincent also has experience in Prophet and Robotic Process Automation (RPA). Vincent graduated from UCSI University with first-class honours in BSc (Hons) Actuarial Science and Finance. He is currently studying towards attaining the Fellowship of the Society of Actuaries (US), SOA. Selwin Selwin joined Actomate in 2022. She is an Actuarial Analyst. She has over 2 years of experience in the actuarial industry. Selwin has experience in a wide range of actuarial work including actuarial valuation, product pricing, financial projection and business feasibility studies across general insurance, life insurance, general reinsurance and life reinsurance. She also has experience in data analytics projects with non-insurance companies. Her work spans across Malaysia, Cambodia and Myanmar. Selwin is proficient in Excel, Visual Basic for Applications (VBA), R, Power BI and Python. She has significant experience developing automated processes for actuarial work using VBA and Power BI. Selwin had extensive organization experience, which shaped her outstanding communication, time-management, and problem-solving skills. During her study, Selwin had internship experience in the insurance industry in Indonesia and Malaysia. Selwin graduated from UCSI University Malaysia with First Class Honours in BSc (Hons) Actuarial Science. She is currently studying towards attaining Fellowship of the Society of Actuaries (US). Selwin Chrisany Actuarial Analyst Jasmine Lau Jasmine is an Actuarial Analyst at Actomate. She joined Actomate in 2023 and has close to 3 years of experience in actuarial work. Jasmine has experience in actuarial valuation, statutory reporting, IFRS 17 implementation, pricing, and data analytics work. Jasmine has worked with various life insurance, general insurance and family takaful companies from Malaysia, Singapore and Cambodia on their actuarial valuation and IFRS 17 implementation, which includes transition work, Prophet testing and Moody’s Analytics RiskIntegrity for IFRS 17 validation. She has also conducted Individual Target Capital Level (ITCL) assessments for Labuan insurers. Her work experiences have helped her develop strong communication, analytical and problem-solving skills. Jasmine is proficient in Excel, Visual Basic for Applications (VBA), R Programming, Structured Query Language (SQL), Prophet, Data Conversion System (DCS), Alteryx, Tableau, Power BI and Moody’s Analytics RiskIntegrity for IFRS 17. She is a fast learner and is always keen to learn and expand her actuarial knowledge to provide solutions to real-world problems. Jasmine graduated from Sunway University with BSc (Hons) in Actuarial Studies and is currently studying towards qualifying as a Fellow in the Institute and Faculty of Actuaries (UK), IFoA. Jasmine Lau Actuarial Analyst Clement Tan Clement is an Actuarial Analyst at Actomate. Ever since joining the actuarial industry back in 2022, Clement has over 2 years of experience in actuarial valuation and reporting in life insurance, reinsurance, family takaful and retakaful fields. Clement is involved in many technological projects that offer innovative solutions in the field of actuarial science, including enhancing and maintaining Actomate's exclusive apps such as ReAcc Robot, LIC Robot and LRC Robot. He also assisted the team in IFRS 17 implementation projects for several general insurance companies. Apart from that, Clement also worked on the valuation and modelling of employee benefits that cater to the client's requirements. He underwent actuarial secondments with several life insurance and takaful companies. He is proficient in Excel, Visual Basic for Applications (VBA), R, Prophet and Data Conversion System (DCS) and has gained extensive experience with data analytics tools such as Alteryx. Clement graduated from Sunway University in Malaysia with a BSc (Hons) in Actuarial Studies. He is currently working towards attaining associateship with the Institute and Faculty of Actuaries (UK), IFoA. He is a fast learner with an open mind who is always keen to learn and explore new things. His work experiences have helped him develop strong communication, time management and problem-solving skills. Clement Tan Actuarial Analyst Cun Yi Cun Yi is an Actuarial Analyst at Actomate with over two years of experience in the actuarial industry. Before this role, he worked as a pricing intern at a life insurance company. He has experience in valuation projects for general insurance companies in Labuan and Hong Kong, as well as IFRS 17 implementation for a life insurance company in Cambodia. His expertise includes Risk-Based Capital (RBC), particularly the Insurance Capital Adequacy Framework (ICAF), and conducting Internal Target Capital Level (ITCL) assessments for Labuan insurers, including setting up stress tests for the Capital Adequacy Ratio (CAR). Additionally, Cun Yi is currently on secondment, assisting with year-end reporting for a Hong Kong general insurance company. He primarily supports the regional team in consolidating the Asia results and preparing year-end deliverables. He is proficient in Microsoft Excel, Visual Basic for Applications (VBA), and R Programming. He graduated with a BSc (Hons) in Actuarial Studies from Sunway University and is currently pursuing Fellowship with the Institute and Faculty of Actuaries (UK). Chang Cun Yi Actuarial Analyst Tiong Gee is an Actuarial Analyst with two years of experience in the actuarial industry, specializing in product pricing, financial projections, and regulatory compliance across Malaysia and Indonesia. His expertise covers traditional whole life and term life insurance, decreasing term life insurance, and family takaful products. In addition, Tiong Gee is involved in experience studies, actuarial valuation and risk-based capital (RBC) assessment for general insurance clients in Malaysia. He is proficient in Visual Basic for Applications (VBA) and has experience applying Robotic Process Automation (RPA) to streamline workflows and enhance operational efficiency. Tiong Gee graduated from Asia Pacific University with First Class Honours in BSc (Hons) Actuarial Studies, earning the Best Student Award. He is currently working towards qualifying as an Associate of the Institute and Faculty of Actuaries (IFoA, UK) and has obtained six exemptions. Tiong Gee Lee Tiong Gee Actuarial Analyst Zi Feng With over 2 years of experience in the actuarial field, Zi Feng has built a strong foundation in actuarial valuation for general insurance companies across Labuan, Myanmar, and Malaysia. His expertise extends to actuarial IFRS 17 implementation and transition, financial reporting, and general insurance pricing. Zi Feng has led process enhancements in valuation, leveraging tools like VBA to streamline workflows and improve efficiency. He has also utilized Power BI for data processing in valuations, significantly enhancing accuracy and operational efficiency. Furthermore, his contributions to IFRS 17 implementation projects have been instrumental in ensuring compliance with the latest reporting standards and facilitating smooth client transitions. Zi Feng's technical skills include proficiency in VBA, R, Power BI, and SQL, which he applies to develop automated solutions, conduct data analytics, and perform scenario analysis. He has also contributed to capital adequacy assessments, claims reserving, and employee benefits valuation. A graduate of Asia Pacific University with First Class Honours in BSc (Hons) in Actuarial Studies, Zi Feng has earned six exemptions from the Institute and Faculty of Actuaries (UK). He is currently pursuing his qualifications as an Associate and Fellow of the IFoA, demonstrating his commitment to professional growth and excellence. Chong Zi Feng Actuarial Analyst Jane Jane is a seasoned Actuarial Analyst with five years of expertise, having begun her career at an actuarial consulting firm in Indonesia. Joining Actomate in April 2024, she is committed to leverage her knowledge while actively seeking continuous growth within the actuarial field. Her proficiency in Excel and R Programming is complemented by her adeptness in executing actuarial valuations and sensitivity analyses, as well as providing actuarial audit support in compliance with regulatory frameworks outlined by the Indonesia Financial Services Authority (OJK) and the Indonesian Accounting Standard. Furthermore, Jane has played a pivotal role in facilitating the implementation of IFRS 17 for Indonesian and Malaysian general insurance companies, and has experience in general insurance pricing, particularly for captive insurance. Graduating with first-class honours from UCSI University with a BSc (Hons) in Actuarial Science, Jane's academic prowess underscores her commitment to excellence. She is currently on the path to attaining accreditation as a Fellow of the Society of Actuaries (US). Jane Nicholas Jong Actuarial Analyst Joey joined Actomate as an Actuarial Analyst in May 2024, bringing a fresh perspective and eagerness to learn and contribute. Joey will be involved in actuarial valuation across both general insurance and life insurance sectors. Her proficiency in Excel and R ensures a solid foundation for her responsibilities. During her internship with the company, she actively participated in valuation and pricing projects, providing valuable support and gaining insights into the intricacies of the insurance business. This experience further enhanced her understanding of industry dynamics. Joey graduated from Heriot-Watt University Malaysia in BSc (Hons) Actuarial Science. She is currently studying towards attaining the Fellowship of Institute and Faculty of Actuaries (UK), IFoA. Joey Leong Actuarial Analyst Joey Yuk Fook Yuk Fook joined Actomate as an Actuarial Analyst in July 2024. His previous roles as a pricing intern and a product development executive at various leading life insurance companies has ensured that he has a deep understanding of life insurance products. Yuk Fook has significant experience in the valuation of general insurance companies in Labuan, specializing in IFRS17 and actuarial analysis. He excels in leveraging macros to optimize workflows, enhancing operational efficiency. Furthermore, Yuk Fook has played an active role in supporting the implementation of IFRS17, using his expertise to ensure a seamless transition to the new reporting framework. His strong combination of technical valuation skills and project experience makes him a key contributor in the industry. His technical proficiency is robust, with advanced skills in Excel, Visual Basic for Applications (VBA), and R programming. These skills have been instrumental in his ability to analyze complex data and streamline actuarial processes. Academically, Yuk Fook graduated with First Class Honours in BSc (Hons) Actuarial Studies from Asia Pacific University, where he earned recognition for his outstanding final year project. He is currently pursuing associateship from the Institute and Faculty of Actuaries (UK), IFoA. Cheng Yuk Fook Actuarial Analyst Yi Xuan Yi Xuan is an Actuarial Analyst at Actomate, previously serving as an actuarial valuation intern at a life insurance company. She has close to one year of experience in the actuarial industry, serving clients from Malaysia, Labuan and Cambodia. Yi Xuan has experience in conducting ITCL for Labuan insurers, actuarial modelling in product pricing and climate risk stress testing. Moreover, Yi Xuan is working on actuarial valuation and actuarial audits for insurers operating in Cambodia. She is proficient in Microsoft Excel, R Programming, and Visual Basic for Applications (VBA). Yi Xuan graduated with First Class Honours in BSc (Hons) Actuarial Science from Heriot-Watt University Malaysia. She was awarded the CAS Book Prize for ranking among the top three in her course. She is currently studying towards qualifying as a Fellow of the Institute and Faculty of Actuaries (UK), IFoA. Teo Yi Xuan Actuarial Analyst Desmond Desmond is an Actuarial Analyst at Actomate, with close to a year of experience in the actuarial industry. He has worked with clients across Malaysia and Labuan, specializing in actuarial valuation, experience studies, and actuarial modeling. Before joining Actomate, he gained industry exposure as a product team intern at a life insurance company. At Actomate, Desmond plays a key role in actuarial valuation and experience studies for multiple general reinsurance companies in Labuan. He is also actively involved in Risk-Based Capital (RBC) assessments under the Insurance Capital Adequacy Framework (ICAF) and contributes to IFRS 17 implementation for a general reinsurance company. In addition, he has experience in actuarial modeling for life insurance product pricing and is engaged in market research for the captive insurance sector. With a strong technical foundation, Desmond is proficient in Excel, Visual Basic for Applications (VBA), Power BI, and R. His expertise in leveraging macros and automation tools enhances workflow efficiency and optimizes actuarial processes. He holds a First-Class Honours degree in BSc (Hons) Actuarial Studies from Asia Pacific University Malaysia and is currently pursuing his Associate qualification with the Institute and Faculty of Actuaries (UK) (IFoA). Desmond Lean Actuarial Analyst Brandon Brandon joined Actomate as an Actuarial Analyst in September 2024. He previously served as an actuarial intern in Actomate during his studies. His passion in mathematics since an early age has given him a strong motivation to venture more about actuarial related work. During his internship, he contributed various works such as preparation of Financial Condition Report (FCR) for a family takaful company in Malaysia, actuarial trainings, web scraping and stress test on premium using Prophet Enterprise. He is also proficient in R Programming and Excel. Apart from his hard skills, he also has great time management which helps him on prioritizing task and timely project completion. Brandon graduated from Taylor's University with BSc (Hons) in Actuarial Studies. He is currently studying towards attaining the Associateship with the Institute and Faculty of Actuaries (UK), iFoA. Brandon Lee Jin Yu Actuarial Analyst

Actuarial firm specialising in technology, education, analytics and offshore insurance, in addition to traditional actuarial services. We are the insurtech specialist, the innovative actuarial consultant. Nicholas Actuarial Solutions is the first and only actuarial firm awarded MSC Malaysia status. ACTOMATE PRIVATE EQUITY PRACTICE We invest in, and provide advisory to selective high potential startups in our choice industries and based on people potential. We are the experts in the insurtech ecosystem. startup advisory pre-formation assessment business review business planning feasibility study cash flow projection appraisal valuation independent non-executive directo r investment preferences We provide pre-seed & seed funding to startups demonstrating the following high potential in business value as well as societal value: fintech & insurtech industry science industry property & real estate industry blockchain artificial intelligence, robotics & process automation data analytics e-commerce actuarial services for insurtech product pricing experience analysis financial reporting sustainability assessment business planning independent actuarial review independent non-executive director regulatory applications enterprise risk management (ERM) compliance review Practice Leader PRACTICE LEADER Nicholas Yeo FIA FASM FSA FSAS AIIA Founder & Actuary Nicholas leads the Private Equity Practice at Nicholas Actuarial Solutions. Nicholas founded Nicholas Actuarial Solutions 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 strategic, operational and risk management aspects of the business. Nicholas has developed various technology and software application including IBNR Robot, ReACC Robot, PET Robot, LRC Robot, LIC Robot, and PAA Robot. Nicholas also has significant experience in captive insurance, offshore insurance, robotic process automation, artificial intelligence and data analytics. Nicholas has 18 years experience in actuarial work including life insurance, family takaful, general insurance, general takaful, employee benefits, pension, medical insurance, reinsurance and insurtech startups. Nicholas held appointed actuary and signing actuary roles in various jurisdiction 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 an Associate Member of the Institute of Internal Auditors Malaysia and holds a Certificate in Finance and Investment (CFI) from the Institute and Faculty of Actuaries (UK). CONTACT US