ACTBuilder Actuarial Solutions Sdn. Bhd. (1108112-P) is a Malaysian-based consultancy firm established in December 2014, evolving from ACTBuilder Actuarial Solutions (002194416-T), which was originally founded in January 2013. Guided by our principle, “Solutions Made Simple!”, we are dedicated to delivering practical and efficient actuarial support to insurers and takaful operators.
We provide actuarial and analytical support across the life insurance, general insurance, and family takaful sectors, with a strong focus on four core areas:
Actuarial Modelling
We specialize in developing actuarial models in Prophet and Excel, with a commitment to model transparency and user ownership. Our approach involves building Prophet models from scratch—ensuring they are tailored, understandable, and not “black boxes” to users.
Our experience includes:
- Supporting valuation teams in understanding, maintaining, and adapting their Prophet models effectively.
- Full Prophet model builds (from scratch) for seven life insurers and family takaful operators in Malaysia.
- Enhancements to existing Prophet models to support new reporting requirements, including IFRS 17 implementations.
Process Enhancement & Streamlining
We assist clients in reviewing, enhancing, and streamlining existing actuarial and operational processes to improve efficiency, accuracy, and control. Our focus is on designing practical solutions that integrate smoothly with the client’s current workflow—without the need for complex systems.
Common areas of support include:
- Actuarial valuation process – Automating data preparation, standardizing calculation steps, and generating structured output reports.
- Reinsurance administration process – Developing tools to calculate reinsurance premiums and recoveries, reconcile with treaty terms, and produce Statement of Accounts (“SOA”) for reinsurers.
We often utilize common applications, such as Microsoft Excel, VBA, and Power Query, to build user-friendly applications that allow actuarial and business users to run processes independently, with minimal reliance on IT. These enhancements not only improve run time and accuracy, but also reduce operational risks through better structure and documentation.
Our approach is guided by the principle of “fit-for-purpose”—ensuring that each solution meets the client’s needs today while remaining flexible for future changes.
Bespoke Solutions for Business Challenges
We support clients in designing fit-for-purpose models and workflows to address specific operational issues or business needs—particularly when standard systems fall short. These solutions are tailored to close process gaps, improve traceability, and enable timely decision-making.
Examples of our support include:
- Account value recomputation – when data issues or logic errors in legacy systems require recalculating policy values from inception. We build Excel-based tools to automate recalculations and provide audit trails.
- Post-sales illustration engines – developing tools to generate illustrations required for communicating revised bonuses or benefits for participating products.
- Year-end financial reconciliations – helping Finance teams reconcile actuarial data with accounting entries for accurate reporting and audit readiness.
- Annual statement generation – automating the production of statements for family takaful participants, particularly where existing systems lack built-in capabilities.
Actuarial Reporting and Regulatory Support
We provide technical and advisory support to actuarial teams navigating evolving regulatory requirements and internal reporting needs.
Key areas of support include:
- Risk-Based Capital Framework (“RBC2”) in Malaysia – Setup RBC2-compliant valuation models and producing regulatory submissions.
- IFRS 17 reporting alignment – Support Prophet and spreadsheet models development to align with IFRS 17 disclosure requirements, including CSM roll-forward, loss component tracking, and analysis of change.
- Financial year-end valuations – Assist clients to meet tight reporting deadlines for various reporting and audit requirements.
- Business plan projection – Assist clients to prepare business plan projection and generate useful insights for Finance, Risk, and Senior Management.
Our support ensures that actuarial outputs are not only technically robust, but also clear, auditable, and aligned with business and regulatory expectations.
Building Capabilities Through Training
We also offer training programs designed to equip actuarial and technical staff with the skills needed to operate efficiently and confidently. We believe that technical competence within teams is essential for organizations to navigate change and complexity effectively.