Practice area 01
IFRS 17 Consulting Solutions / Services
Pre-Implementation planning
Training and Interpretation of the IFRS 17 Standard
Gap Analysis
Project Implementation Planning
Implementation of the IFRS 17 Standard
Quality Assurance
Actuarial advisory9 practice areas
Professional actuarial solutions across Africa
Our staff have acquired extensive knowledge, experience and expertise in executing advisory services in employee benefits, life insurance, banking, health and general insurance, and investments in Africa. We are uniquely placed to provide professional, tailor-made and well-thought solutions for our clients.
9+
Practice areas
13
African countries
2001
Operating since
350Bn+
Clients Assets under advice
ACTSERV practice areas
Pensions · Insurance · Investment · Risk
Practice areas
Our actuarial advisory services
Each practice area is delivered by qualified actuaries — with the depth, documentation and regulatory alignment your board and stakeholders expect.
Practice area 02
Life Insurance Consulting
Our consultants provide a range of advisory services to the life insurance sector including:
Actuarial Valuations of Life Funds
Preparation of Financial Condition Reports
Embedded value calculations
Capital and Risk modelling
Product Development and Review
Feasibility study and Experience Review
Financial Budgeting and Business case planning
Analysis of Surplus calculations
IFRS training and Consulting
Reinsurance Optimization
Development and review of management policies and procedures
Provision, training and support on actuarial systems
Practice area 03
General and Health Care Insurance Consulting
We provide a range of services to our clients on varied key issues such as:
Actuarial Valuation of claims and premium reserves
Preparation of Financial Condition Reports
Claims and Expenses experience analysis
Product development and Reviews
Financial Budgeting and business case planning
Feasibility study on various industry aspects
Analysis of Surplus calculations
Embedded value calculations
IFRS training and Consulting
Development and review of management policies and procedures
Capital and Risk Modelling
Reinsurance Optimization
Provision, training and support on actuarial systems
Practice area 04
Pension Fund Consulting
Strategic advice on the design, benchmarking and implementation of retirement benefits schemes
Actuarial valuation of pension schemes and provident funds to comply with the requirements of the Retirements Benefits Act
Advice on scheme conversions
Actuarial reviews for defined contribution schemes and advice on interest allocation to members and formulating of reserve and interest allocation policies
Advice on optimal Funding and Investment Strategies
Advice on the pension aspects of corporate sales or purchases, mergers, and management buy-outs
Establishment and advice on industry-wide schemes
Individual and executive pension planning
Pension cost accounting
Advice and practical assistance on winding-up pension schemes
Support to in-house administration schemes
Trustee Training
Member Education Services
Practice area 05
Investment Consulting
We provide assistance and guidance to empower Trustees of institutional funds such as retirement funds in the following ways:
Development of Investment Policies
Guidance on Asset Allocation
Development of Key Performance Indicators
Independent Asset Consultancy
Investment Research and Analysis
Trustee and Member Training
Performance Review
Practice area 06
Post Retirement Medical Consulting
We have gained industry expertise in the provision of consultancy services for the development and implementation of a Post Retirement Health Cover in the following areas:
Strategic advice on the design, benchmarking and implementation of post-retirement medical benefit schemes
Advisory on the technical and administrative requirements
Actuarial valuation of post-retirement medical schemes
Advice on optimal Funding and Investment Strategies
Review of the legislative framework in Kenya
Establishment and advice on industry-wide post-retirement medical schemes
Practice area 07
Management Consulting
Review of Business Models
Review of Operations of Departments
Expense Analysis
Recommendation and Implementation of Efficient Business Processes
Practice area 08
Technology Solutions
We have recently played a significant role in the design and deployment of Management Information Systems ("MIS"), especially in the following areas:
Development of software systems
Data Mining Modules
Data Integrity and Forensics Modules
Unit-linked Investment Systems
Pension Administration System
Practice area 09
Enterprise Risk Management
Risk Assessment
Risk Modelling
Regulatory Compliance (Basel II)
Alternative Risk Transfer Consulting
Development of Risk Management Frameworks