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Risk Management

We offer a scientific and customised approach to Risk Management depending on your business requirements and objectives.

Good risk management enhances decision-making and typically involves improving transparency, accountability, governance, compliance and reporting. We assist our clients by formulating an effective risk management approach to reduce volatility and maximise profits.

As per FSC regulations, insurers are required to set out their view of risks affecting the business and structure in place and evaluate their capital requirements. The team consists of actuaries and actuarial associates with experience in assisting clients with their Own Risk Solvency Assessment (ORSA) process and documentation.

  • Expected Credit Losses (ECL) – IFRS9

    • Calculating ECL – Loans, Trade Receivables & Bonds
    • Setting reasonable and consistent assumptions
    • Customised in-house model to estimate ECL
    • Attend to auditor’s queries
  • Risk Management Framework (RMF)

    • Setting up RMF as per FSC Risk Management Rules
    • Design and maintain required policies within RMF
    • 3-year Rolling Business Plan
    • Designated Risk Function
    • Own Risk Solvency Assessment/Target Capital
  • Leases – IFRS16

    • Cashflow modelling
  • Other Consulting

    • Financial Condition Report – Funeral Schemes
    • Enterprise Risk Management
    • Business Process Review
    • Market Analysis & Inference

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