Non-Life Insurance

Non-Life Insurance (Property and Casualty Insurance) Consultancy

We offers you tailor-made services on a variety of strategic and operational issues related to Non-Life Insurance Business to meet your business requirements. Client orientation, flexible customized service offering at competitive prices is what sets us apart from others. Whatever is your situation or size, our practical expertise is available to meet your every need. Our consultants with their expertise in the field and using Financial/ Actuarial /Business Modeling skills will help you, primarily into following areas.

Product Design

  • ✔   Designing the products in compliance with the regulatory requirements, Market Benchmarked and suitable for target market

Pricing and Underwriting parameters’ setting

  • ✔   Determine pricing for a wide variety of insurance products
  • ✔   Statistical analysis and distribution fitting
  • ✔   Pricing and profit testing
  • ✔   Sensitivity scenario analysis to project losses for insurance exposures
  • ✔   Help in setting up underwriting parameters and underwriting strategy
  • ✔   Review of Regulatory filling documents

Reserving

  • ✔   Statistical analysis of Claims experience
  • ✔   Projected losses Modeling
  • ✔   Determine Reserving methodology for each line of business for IBNR, IBNER, UPR, AUPR, PDR
  • ✔   Determine assumptions and approach for each methodology
  • ✔   Determine adequacy of past Reserve
  • ✔   Projection of Reserves in future
  • ✔   Assess Impact of reinsurance program on Reserves
  • ✔   Generation of Reserving Report

Capital Management

  • ✔   Project Capital Requirements
  • ✔   Assessment of Economic Capital
  • ✔   Assess Impact of new products on Capital Requirement
  • ✔   Assess & Optimize Return on Capital
  • ✔   Develop Capital efficient products
  • ✔   Design Reinsurance programs

Business Valuation in IPO / M&A

  • ✔   Assessment of fair value of business
  • ✔   Actuarial Due diligence
  • ✔   Financial Due diligence
  • ✔   Commercial Due diligence
  • ✔   Assisting in discussion with the buyer/seller

Business Planning & Actuarial Reporting

  • ✔   Business Plan Projections- Actuarial Input
  • ✔   Actuarial Management Reporting-EV, NBAP, Change in reserves, Investment Performance, Expense Analysis, Persistency
  • ✔   Annual Experience Investigation- Investment Performance, Expense Analysis, Persistency, Mortality, Morbidity
  • ✔   Annual Products Planner
  • ✔   Reinsurance Program
  • ✔   Economic Capital Report
  • ✔   Solvency Report
  • ✔   Public Disclosures
  • ✔   Financial Condition Report (FCR) including IBNR

New Ventures advice

  • ✔   Market Feasibility
  • ✔   Business Planning
  • ✔   Partner Search
  • ✔   Distribution Channel Feasibility
  • ✔   Product Strategy
  • ✔   Competitive Scenario
  • ✔   R1/R2 Filing and Approvals