EQUITY CROWDFUNDING

ROBOTS FOR INSURANCE COMPANY

Nicholas Actuarial Solutions Sdn Bhd (“n-actuarial”) has achieved significant revenue and profit growth over the years and have built a strong infrastructure ready for future growth opportunities. n-actuarial is known as a leading actuarial firm in the ASEAN region, with a strong team of professionals, large profile of clients and our exceptional work quality.

 

The insurance industry is faced with industry revolution 4.0. There is a need for the insurance industry to transform into a fully automated, digital industry to remain profitable and relevant in the financial service industry in the digital era.

 

n-actuarial is a unique company that has accumulated profound technical knowledge in complex insurance processes such as actuarial, finance, risk management, product development, reinsurance, investment and compliance, as well as the know-how to apply cognitive robots with artificial intelligence (AI) into insurance processes.

 

With a growth and progressive mindset, n-actuarial has become a leading, growth driven actuarial firm in the region. n-actuarial is in the pole position to play the role of a key catalyst in the digital transformation of its clients in the insurance industry.

Situation

Problem

Solution

Potential

Insurance companies mostly have inefficient operations, encumbered by:

  • archaic & inflexible IT systems

  • overly complicated processes

  • lack of technical talent

  • poor conduct in salesforce

30% of insurance revenues i.e. $1.5 trillion per year are operating expenses of insurance companies.

High expenses results in:

  • Consumers paying expensive premium

  • Consumers cannot afford insurance

  • Reduced earnings for insurance companies

As a leading technology-based actuarial firm, we are in the pole position to build complex back-end operational robots.

Our solution can reduce the expenses of insurance companies by 17% or $250 billion annually.

 

We provide insurance companies with technology solutions for operational efficiency and cost reduction.

With the onset of industry revolution 4.0, technology is playing an ever-increasing role in the insurance industry.

 

The majority of work processes within an insurance company will become automated in the near future.

n-actuarial is the key catalyst in this digital transformation of the insurance industry.

Click HERE for the n-actuarial's Business Transformation Plan

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