1. Insurance Consulting
  2. Actuarial services

Actuarial services

Our actuarial services are mainly of two kinds:

  • We guide undertakings in « Pillar 1 » calculations;
  • We support the actuarial function in accordance with Solvency II.

For « Pillar 1 » simulations, we calculate, among others:

  • The best estimate of technical provisions;
  • The risk margin;
  • The Solvency Capital Requirement;
  • The Minimum Capital Requirement;
  • The Solvency ratio.

The support to the actuarial function includes:

  • Coordinating the calculation of technical provisions;
  • Ensuring the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation of technical provisions;
  • Assessing the sufficiency and quality of the data used in the calculation of technical provisions;
  • Compare best estimates against experience;
  • Informing the Board of directors of the reliability and adequacy of the calculation of technical provisions;
  • Overseeing the calculation of technical provisions in case of insufficient data of appropriate quality;
  • Expressing an opinion on the overall underwriting policy;
  • Expressing an opinion on the adequacy of reinsurance arrangements;
  • Contributing to the effective implementation of the risk management system;
  • Designing of the actuarial report.
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