Sharing and learning is part of our culture in ACTBuilder. Under this section, we compile useful information that we refer and use in designing our solutions, as we believe it will be useful to business users as well in improving their daily work.
When we design actuarial models and business solutions, we normally accommodate to the applications / software that our clients use internally. Apart from reducing software licensing and maintenance costs, users will have shorter learning curves to master the solutions.
Among applications / software we use are Microsoft Excel (with Visual Basic for Applications, “VBA”), Microsoft Access, Prophet, Power Query, Python and Data Conversion System (“DCS”). Reade More >>
Many actuarial, insurance and takaful organizations provide a lot of useful researches and studies, which everyone can access to the resources without incurring any cost. Furthermore, as insurance and takaful are highly regulated industries, it is important for us to understand guidelines and regulations applicable to the business we are supporting. Read More>>
IFRS 17 Implementation
IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2023, replacing existing IFRS 4 on accounting for insurance contracts. This replacement will be significant to insurers & reinsurers, including financial reporting, actuarial valuation, asset liability management and risk management.
We participate in the implementation of IFRS 17 especially in actuarial modelling, including getting ready the base models before applying IFRS 17 modelling, as well as setting up IFRS 17 calculations and processes for BAU reporting. Read More >>