www.pwc.
com/id Financial Services
PwC Indonesia
Actuarial Services
PwC Indonesia Actuarial Services
A Jakarta-based team, serving the actuarial needs of businesses in Indonesia.
Our local Actuarial Services practice, integrated with our global expertise, have the
breadth of expertise and experience to advise you on actuarial best practice, identifying
risk and addressing complex actuarial related matters. We provide insights and solutions
for all businesses that face significant and complex risks. Our advice and support can help
you manage risk and capital more effectively and provide a more informed, efficient and
sustainable basis for value creation.
Where we can add value
Life Insurance I. Life Insurance
IFRS17 implementation
Education and awareness training
Gap analysis and systems impact assessment, financial impact assessment
Project planning allowing the securing of budgets and resources
IFRS 17 Considering interaction with on going or planned projects, specifically finance
transformation work
Financial reporting
Statutory reserving and principal based reserves, accounting and disclosure
Pension Funds Reserving models, experience study and assumption development
Insurance/Investment contracts accounting, embedded derivatives
Modelling, calibration, testing and data management
Product development and pricing
Efficiency Improvement Asset-Liability Management (ALM)
Reinsurance strategy optimization
Solutions
Economic capital modeling
Experience analysis including mortality investigation and longevity management
Tailored trainings for actuaries, accountants and management
Reinsurance Strategy Methodology development and accounting
Implementation Actuarial function
KPI analysis, benchmarking
Management reporting, budgeting and planning
Due diligence and M&A support
General Insurance Financial due diligence of appraisal cash flows, assumptions, reserves
Evaluation of business in-force under EEV and MCEV
II. General Insurance
Financial Reporting
Employee Benefits Claims reserve - best estimate, assumption calibration
Claims reserve - accounting and disclosure
Reserving model validation and Liability Adequacy Test
Set up and optimization of the actuarial function
Due Diligence and Pricing
M&A Pricing strategy, pricing model vetting and product design
Generalised Linear Modelling (GLM), pricing model vetting
Profit testing
Tailored trainings for actuaries, accountants and management
Risk Modelling and Methodology development and accounting
Data Management Basic models development and implementation
KPI analysis, benchmarking
Management reporting, budgeting and planning
Due diligence and M&A support
Financial due diligence of appraisal cash flows, assumptions, reserves
III. Pension Funds
Pension funds liabilities and assets
Building cash-flow models, valuation of liabilities
Pricing, profit-testing, asset-liability management
Valuation of financial options and guarantees
Experience study and mortality investigation
Support in data gathering and verification
Analysing survival patterns using both internal and external data
Individual mortality table compilation including future mortality improvements
Seminars on valuation, modelling and accounting
PwC
Tailored trainings for actuaries, accountants and management
Methodology development and accounting
Basic models development and implementation
KPI analysis, benchmarking
Management reporting, budgeting and planning
Due diligence and M&A support
IV. Employee
Post employment and other long-term employee
Pension liabilities valuation, corporate transactions and accounting
Preparation of disclosures, forecast for net pension expenses and reporting
Tailored trainings on valuation, modelling and accounting of employee under
local standards, IFRS and US GAAP
Share-based payments and other Long Term Incentive Plans
Valuation of fair value of the plans, P&L charge and disclosures
Employee plan design
Transformation from DB to DC schemes
Cost optimisation
Improvement Solutions
We can provide you with the following management tools required for more informed
business decisions:
Loyalty program analysis and design
Liability Management Assessment – fair value and accounting
Social responsibility costs analysis
KPI and benchmarking for and industries Our local
VI. Due Diligence and M&A
As part of the traditional services we perform a high quality service in due diligence and M&A
Jakarta-
valuations, thus adding maximum value for our clients. We have the capability to use the latest
techniques for insurance companies in due diligence.
based team
consists of
Increased shareholder value through sale of whole or partial portfolios
Assessments of the transfer, sale or purchase of books of business more than
areas of concern 10 actuarial
Sound, independent planning and advice for all stages of the M&A lifecycle professionals
VII. Reinsurance Strategy Implementation
We could help on setting up or provide advice on current reinsurance strategy for your
company. We see reinsurance as an opportunity to create shareholder value and therefore we
could also help on assessing/setting up the optimal strategy based on your company’s
risk appetite and capital needs. In addition we could also provide service on reinsurance
management framework.
VIII. Risk Modelling and Data Management
Risk Modelling
Enterprise Risk Management, risk framework development and calibration
Insurance Risk Modelling, Economic Capital Modelling, Credit Risk Modelling
Capital and Stress Testing Our PwC
Data Management
Predictive Analytics, Behavioral Simulation, Statistical Analysis
Actuarial practice
Data Management has nearly 1,400
staff across
the world
PwC
PwC Actuarial Services
Pavel Kostyuchenko Nathania Hartalim Marcella Aliguna Putu Iota Laseria
Actuarial Services Leader Actuarial Manager Actuarial Manager Actuarial Assistant Manager
PwC Indonesia PwC Indonesia PwC Indonesia PwC Indonesia
[email protected] [email protected] [email protected] [email protected]Credentials: Credentials: Credentials: Credentials:
• Extensive experience in • Extensive experience in • Extensive experience in • Extensive experience in
Actuarial consulting, DD insurance industry and insurance industry and insurance industry and
and M&A actuarial consulting actuarial consulting actuarial consulting
actuary and • Student of the Society of • Associate of the Society of • Associate of Society of
Appointed Life insurance Actuaries USA Actuaries (ASA) Actuaries Indonesia
actuary in Russia
• Actuarial Diploma,
the Institute and Faculty of
Actuaries in the UK
Follow us: PwC Indonesia
see http://www.pwc.com/id/en/services/actuarial-services.html for further details.
