Our professional team includes qualified and experienced actuaries to serve as appointed/consulting actuary for Life Insurance and Takaful Companies. We proudly serve leading Life Insurance and Takaful Companies to help them prosper.
As financial models become ever more complex, the need for a rigorous and independent review of the model becomes ever more important. We know that each project represents a particular set of challenges and risks and our approach is tailored to meet your particular needs.
We have a strong background in valuation of End of Service benefit schemes with almost 200 clients in the KSA. Our team of expert staff understands the client's requirements and has a strong grip of local and accounting regulations pertaining to the employee benefits.
It is the new accounting regulation Issued by the IASB that is applicable to insurance companies. The standard will fundamentally change the financial reporting for insurers. We hold a unique position in implementation of IFRS 17, with prior experience in implementation of IFRS 17 and Solvency II in the International Market.
Our experienced team of specialists is skilled at providing actuarial services to our clients in areas such as claims valuation, pricing, reserving, capital, expense, and profitability analysis. Our combination of highly qualified and fully experienced professionals allows us to add depth and value to our clients.
It introduces an Expected Credit Loss (ECL) model for recognition and measurement of impairment losses of financial assets. ECL calculations are complex and require a strong financial modeling expertise. Our experience across multiple jurisdictions ensures that we provide you with in-depth results.