Actuarial

Our Actuarial team has an indispensable role in our Insurance business. An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics and financial theory to study uncertain future events, especially those of concern to insurance and pension programmes. We evaluate the likelihood of those events, design creative ways to reduce the likelihood and decrease the impact of adverse events that actually do occur.

Our work requires a combination of strong analytical skills, business knowledge and understanding of human behavior to design and manage programmes that control risk. We play a key role in designing insurance plans by determining the premium, monitoring the profitability of insurance business, and recommending corrective action when appropriate. We ensure that insurance companies have set aside enough funds to pay claims and provide advice on how to invest the assets of the insurance companies.

To cope with our regional expansion, regional actuarial office is set up to support Merger & Acquisition projects, control insurance and investment risks of our regional business and act as centre of excellence to share best practice and provide actuarial support & resources to our regional operations.

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