Our client required a streamlined, automated, standardised and auditable process for actuarial staff to interact with valuation models and results.
Our staff were key to resolving the problem at hand through the use of RNA Analytics R3S Toolkit as well as a bespoke build. This build allows users freedom over running valuation models and outputting results to the actuarial server where our automated audit logs and aggregation/disaggregation tools await. Apart from the flexibility of running and working with valuation results, our process now allows for users to employ advanced analytics and data science to the full stack of actuarial data.
Highlight the measurable results and impact on the client's business.
We provide support for the implementation of IFRS17 into the standard production process.
Our team played a crucial role in designing, testing, and optimising the processes to create a final product that adheres to IFRS17 standards. This product now forms part of the standard operational procedure at Hollard. Furthermore, our implementation support has focused on developing the existing valuation environment to seamlessly integrate with Moody’s Analytics Risk Integrity.
Our dedicated efforts in the IFRS17 implementation have resulted in a robust and compliant process that now serves as the standard within Hollard. This achievement ensures accurate financial reporting, regulatory compliance, and enhanced operational efficiency.
Our client required the use of a multi-state pricing replication model.
We created a multi-state pricing model that allows users to easily price for an insurance contract that pays out on multiple events such as death, disability and critical-illness.
Our model helped our client assess the extent of the premium difference given the expectation of a certain benefit structure and whether the benefit structure was in-fact in place or not.
The project entails the investigation of customer-branch interactions and the effect on operations.
Our actuarial experts developed a customised model to extract valuable insights from Telkom's data. This model empowered Telkom to make data-driven decisions, enhancing their operations.
Our clear and actionable presentations enabled Telkom's provincial managers and national decision makers to optimise operations. This led to improved efficiency, cost savings, and improved customer satisfaction.
