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
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reinsurance administration
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risk management systems
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life insurance point of sale systems
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medical underwriting systems
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customised calculators
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enterprise data warehouse
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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
Nicholas Yeo
FIA C. Act FASM FSA
FSAS CIA FASHK
Founder & Actuary
Nicholas leads the Technology and Innovation Practice at Actomate.
Nicholas founded Actomate in 2015, a leading actuarial firm in Asia. He is an actuary with exceptional business acumen and a global perspective. His clients and his organization benefit from his strong grasp of the strategic, operational, governance, and risk management aspects of the business.
Nicholas has developed various technologies and software applications, including IBNR Robot, ReACC Robot, PET Robot, LRC Robot, LIC Robot, PAA Robot, and Sallesillus Robot. Nicholas also has significant experience in captive insurance, offshore insurance, robotic process automation, artificial intelligence, and data analytics.
Nicholas has 20 years of experience in actuarial work, including life insurance, family takaful, general insurance, general takaful, employee benefits, pensions, social security, medical insurance, reinsurance, and Insurtech startups. Nicholas held appointed actuary and signing actuary roles in various jurisdictions across Asia.
Nicholas is a Fellow of the Institute and Faculty of Actuaries (UK) and a Fellow of the Society of Actuaries (US). He is a past Council Member of the Society of Actuaries’ Entrepreneurial & Innovation Section. He is also a past Chairperson of the Professional Development Committee and Events Committee of the Actuarial Society of Malaysia. Nicholas graduated from Bayes Business School with First Class Honours in BSc Actuarial Science. He is also a Certified Internal Auditor from The Institute of Internal Auditors.