Our Services
Our range of services are outlined below and typically apply actuarial control cycle principles.
Quantitative modelling
We have extensive experience in building quantitative models for pension, investment, banking, medical and compensation schemes, life and non-life insurers and related institutions. Our models are applied in:
- Meeting regulatory requirements
- Aiding management decision-making
- Valuations and capital management
- Model-office projections
- Pricing reviews
- Reporting requirements
Actuarial valuations
Our actuarial valuations and reviews include:
- A consistency and integrity check of supplied data
- Quantifying liabilities
- Establishing amounts to be held in specific reserves
- Assessment, advice and statutory certifications of the solvency position of the scheme
- Embedded valuations
Capital and Solvency Management
We perform capital modelling exercises in line with actuarial guidance, Solvency II and best practice. The output of these exercises seeds into capital allocation, strategy, mergers and acquisitions and discussions with various external bodies. We assist clients with:
- Allocating capital for risk-adjusted performance measurement and identification of optimal capital use
- Exploring business reinsurance and investment strategy decisions
- Managing statutory solvency requirements
- Asset and liability analysis and modelling
Damages
- Loss of support and loss of income calculations for Road accident fund claims
- Medical negligence compensation calculations
- Other general damages and compensation quantifications;
Employee Benefits
- Valuations for Defined Benefit and Defined Contribution funds
- IAS19, GRAP 25 and FAS158 valuations for various schemes including
- Long service awards schemes
- Gratuity schemes
- Severance benefits schemes
- Post-retirement Medical Aid benefits
- Scheme conversions and transfers
Life Insurance
- Statutory valuations
- Embedded value valuations
- Product pricing reviews
- IFRS 17
- Asset Liability Modelling
Short-term Insurance
- Reserving valuations product
- Development product pricing reviews
- Capital and solvency management
- Solvency assessment and managing (Solvency II)
- IFRS 17
Risk Management
- Risk management framework
- Risk and opportunity identification
- Implementing effective Risk Register
- Controls and risk Responses
- Risk analytics
- Risk reporting
Greenfield Consulting
- Big data analytics
- Data driven solutions
- Machine learning and smart models
- Strategy formulation
- Investment strategy
- Mergers and acquisitions
- Deal structuring