Actuarial
Services
Areas of expertise
Using consultants instead of in-house staff can be a difficult decision, often being time-consuming, with significant investment and may in worst cases challenge and interfere with long-term goals and results if the right team is not chosen.
At Atlab FS we acknowledge this dilemma and have developed a delivery model that places less focus on the traditional consultant approach (long spreadsheets, non-engaging solutions, detachment between suggested solution and implementation) and more on the right people-match, knowledge sharing and engaging, hands on delivery and end results.
As we are not auditors and do not sign annual reports, we work more agile and with a faster delivery model.
This means that we can start assisting you from one day to another.
Actuary as a service
Leave or resignations will often place actuarial or economic departments in a short-staffed position. This can also be the case if large project, strategic transformations, and organizational change put pressure on in-house staff. In these cases, it can be of great value to have experienced actuaries at hand, who are ready to deliver high quality, hands-on assistance from day to day.
Our actuarial consultants have many years of experience, and they have in the past delivered assistance and hands-on service to all sizes of life and pension funds, non-life insurance companies, insurance agents and more.
Product and business development
Performing regular actuarial testing of input and output from calculation kernels is a core capability that our actuarial have extensive experience with. Additionally, our consultants are well equipped to assist with various tasks related to the digital transformation in actuarial processes, including:
- Requirement analysis and specifications
- General communication between business and developers
- Facilitating effective communication between business stakeholders and developers
- GAP analyses
- Business clarification
- Facilitating decision-making processing
- Product and data migration
- Modelling of business data
Furthermore, Atlab FS’ actuarial consultants have extensive experience working on IT projects in the pension industry.
Pricing and product development
Effective pricing strategies are key to maintaining profitability and competitiveness. We assist organizations in risk-adjusted pricing models, profitability assessments, and reinsurance strategies, ensuring alignment with market conditions and regulatory expectations.
Regulatory, reserving and profitability management
Organizations and actuarial departments can from time to time be in a position where knowledge sharing, second opinions and other perspectives are highly valued for guidance on approach and direction. Atlab FS’ actuarial consultants can at any time, team up with your organization and assist within areas such as:
- Reserve reviews
- Development of reserve models
- Solvency related task, including review’s
- Risk-adjusted pricing model development
- Underwriting process optimization and profitability analysis
- Validation
- Valuation
Our consultants have extensive experience with the regulatory framework of the insurance industry from audits and actuarial function assignments, and help ensuring compliance in this key area.
Get in touch to learn more about how we can help your organization with Actuarial services.
