Traditional Actuarial Services
We provide actuarial services in various stages of product value chain starting from product design and pricing, valuation/reserving, experience analytics and reporting. We operate in several domains
Property and Casualty Insurance
Product design and Pricing
Rating for property and casualty business requires specialized experience. With our experience, we are able to make product level recommendations to control the risk but satisfy customer needs. In a competitive environment, ability to price products using appropriate, advanced techniques is essential. Identifying pockets of the market, differentiating them appropriately and building models to rate them has become possible by using advanced statistical and machine learning techniques. Our statistical models enable us to build accurate reserve estimates for casualty estimates which is a critical part of pricing. Our solutions help achieve underwriting efficiency even in a price regulated market using regulatory arbitrage models.
Product Design and Pricing
Designing health insurance products can be quite complex. Our expertise includes health medical, hospital cash, surgical cash and critical illness products. We have experience in not only designing products that suit your requirement, but also in pricing large health insurance schemes. We have experience of using advanced statistical techniques to price one of Asia’s largest health insurance schemes.
Pensions and benefits
Designing systems that analyze the experience of the portfolio and advice on potential changes to product design to improve business results. Using advanced statistical techniques like generalized linear models help us assess portfolio experience at a detailed level. We provide automated workflows and calculators to perform experience analytics in a more frequent, optimal manner.