Core Services

  • Life Insurance

    • Statutory valuation of the liabilities and assets
    • IFRS17 Finance Transformation Assistance
    • SAM Pillar I calculations and optimisation
    • SAM Pillar II risk management and ORSA support
    • Independent review of ORSA
    • CAR and SCR Capital modelling
    • Product development and pricing
    • Provision of Head of Actuarial Function (HAF) and Appointed/Statutory Actuary services
    • Research and business plan support on new license applications
  • Retirement Funds

    • Valuation of Defined Benefit and Defined Contribution Retirement Funds
    • Approval of Rule Amendments and Transfers between Retirement Funds
    • Review of Investment, benefit structures, Fund structure and administration
    • Assist with Trustees with elections, training and communication to members
    • Regular rebroking of all risk benefits offered by the Fund to minimize costs and maximize benefits
    • Perform secretarial duties for the Trustee and other meetings
  • Employee Benefit Consulting

    • Provision of customised employee benefit consulting and solutions 
    • Support for employers and trustees to fulfil their fiduciary duties and help their members achieve their financial goals
    • Advice on retirement, employee value propositions and guiding clients through provider and product options
    • Construction of optimal benefit structures specific to the clients’ member base. 
    • Advice on service level agreements, costs, servicing models and, investment options and returns, to determine the impact on members. 
  • Healthcare

    • Analyzing of  corporate and individual healthcare needs with appropriate recommendations
    • Regular Reviews of Healthcare Funds (Budget vs. Actual)
    • Annual contribution and benefits reviews for Healthcare Funds
    • Advice on investment structures and on the level of re-insurance for Healthcare Funds
    • Consulting advice on medical aid, gap cover and other healthcare options to employers for their employees
    • Finding healthcare solutions for uninsured low income market through unique Primary care and low income options.
  • Post-Employment Liabilities

    • Valuation of Post-Employment Defined Benefit Obligations
    • Assistance with removing or curtailing the liabilities through buy-outs or liability transfers
  • Investment Consulting

    • Assist the Trustees in understanding the risk/return characteristics of the investment options available
    • Asset/liability analyses and management
    • Establishment and updating of the Investment Policy Statement
    • Monitoring of investment performance on a continual basis and present regular reports to the Trustees
    • Assist with selection/ substitution of investment managers and the transfer of assets between portfolios
    • Ensure compliance with all regulatory requirements
  • Actuarial Analytics

    • Profitability and Experience Analysis
    • Mortality and Longevity Analysis
    • Disability Inception and Termination Analysis
    • Statistical Analysis of Claims, Events and Losses
    • Excel financial model refactoring to R or Python to improve efficiency
  • Other

    • Employee Benefit due diligence exercises
    • Disease prevalence and expense modelling
    • RAF, Damage and Maintenance claims calculations and reports