Reserving, Capital modelling, Pricing, Risk management and Solvency II

We provide a full and comprehensive service offering covering among other things:

Reserving

  • Traditional triangulation reserving models and exposure based methods when claims experience is unreliable or inappropriate
  • Calculation of Technical Provisions for Solvency II and SAM
  • Implementation of reserving and technical provision processes in a range of platforms
  • Stochastic reserving methods including ultimate one-year reserve risk views
  • Assessment of the impact of IFRS 17

Capital modelling

  • Stochastic and other non-stochastic capital modelling techniques
  • Calibration of premium and reserve risk models for Solvency II and SAM
  • Implementation of capital models in a range of platforms
  • Methods used in the market-leading catastrophe models
  • Methods used by proprietary Economic Scenario Generators (ESGs)
  • Capital allocation methods
  • PPO modelling methods
  • Optimization of outward reinsurance

Pricing

  • Traditional personal and or commercial lines and London Market pricing techniques
  • Stochastic pricing methods for pricing reinsurance or complex commercial risks
  • Creation of pricing analytics for underwriters and management
  • Creation of connected pricing models online or with full database support
  • Optimisation methods for pricing and portfolio re-balancing
  • Application of machine learning techniques for pricing and portfolio segmentation
  • Risk management and Solvency II / SAM

  • Design and implementation of capital model validation
  • Standard formula calculations and commonly accepted approaches
  • Solvency II legislation and Internal Model Application Process requirements
  • Lloyd’s and PRA reporting requirements such as Lloyd’s Capital Returns and Quantitative Reporting Templates
  • Construction of Solvency II and SAM documents, such as policies, frameworks, logs or reports
  • Effective communication of risk information from capital models or other risk indicators to Risk Committees and Boards
  • Global consulting resources at your fingertips

    We have assembled a truly global team of very experienced actuaries who have the knowledge and capabilities to partner with you in any project you see as top priority. The experience provided above encompasses the vast knowledge of some of our actuaries and enables us to start a conversation about where you are headed and how we can help you get there. Each assignment is most certainly unique just like your very own business. There are 2 major things we see as differentiating you from your competition. Firstly the products you have available and secondly how you manage those products. Efficiency and reliability is never a zero-sum game but rather a series of management decisions utilising the resources you have, to achieve your desired outcome. Every golfer needs a top-class caddy and we have been walking the fairways of this industry; knowing which obstacles to avoid and from where to try and hit the green. As a new turnkey actuarial services provider, we are only 10% busy at the moment which allows us to spend 90% of our effort to make you more efficient. 

    Your performance before vs after Virtual Actuary is involved

    A – Things were going so well until we moved into all those other countries

    B – I think I’m going to give Virtual Actuary a call

    C – Having the extra capacity is really empowering the other staff

    D – Now this is the vision for where my business should be headed

    Why choose us?

    Virtual Actuary is a level 2 BEE service provider with a team of experienced actuaries who have a thorough insight into the South African insurance industry. Collectively our in house skill set incorporates over 40 actuaries who have each in their own right reached the highest level within their respective previous employers

    We can be reached accordingly.

    +27 21 433 1512 / +27 83 570 2272 / info@webaddress

    As a leaner operation, we'll extend those cost savings on to you

    We can’t wait to hear all about your ambitious plans and how we can get involved timeously and affordably

    Let's get your plan of action down on paper so we can get started

    Our business is founded on being pre-emptive, precise and practical. How refreshing!

    We can also be reached via our contact now page