top of page




We provide experienced actuarial resources to support the development and pricing of new products. We can provide all or most actuarial work for companies without adequate resources to support the pricing initiative. Our work can be performed using a combination of our proprietary pricing model and existing infrastructure of your company.

product development
  • develop or review product design and benefits

  • research and identification of target market

  • customer suitability assessment

  • prepare or review product specification

  • project management

  • plan and oversee entire product initiative

  • project planning

  • progress monitoring

  • status reporting

  • competitor benchmarking and analysis

  • experience analysis and review

  • develop key pricing assumptions

  • determine premium or contribution rating factors

  • develop and propose premium or contribution rates

  • profit testing iterations with cash flow model

  • sensitivity testing and analysis

  • product documentation for internal approval and regulatory filing

  • develop or review actuarial related contents in sales illustration, marketing brochure, policy contract, and product disclosure sheet

  • product risk management

  • identify product’s key inherent risks

  • develop risk mitigation and management measures

  • develop or update existing pricing policy

  • develop, review, and audit pricing processes

  • user acceptance test for system implementation

financial projection
  • business planning

  • business plan projection

  • financial projection

  • financial impact analysis

  • assess capital adequacy

  • analysis of capital required

  • embedded value calculation

  • measure of return to policyholders and shareholders

Practice Leader


Nadia is an Associate Actuary and she is the Country Lead for Indonesia at Nicholas Actuarial Solutions. Nadia has over 4 years of experience in product development, product pricing and financial projections in life insurance, family takaful (Syariah life insurance), medical insurance, life reinsurance, health reinsurance, group employee benefits as well as for insurtech startups.​

Nadia has led pricing projects in Malaysia, Indonesia, Cambodia and Myanmar, for multinational and local insurers. She is familiar with local regulatory requirements and internal requirements of large multinational insurers, including IFRS 17, market consistent embedded value (MCEV), traditional embedded value, Risk-based Capital (RBC) and many others. Nadia is proficient in Excel, Visual Basic for Applications (VBA), Prophet, Data Conversion System (DCS) as well as R. Outside of product pricing, Nadia also has experience in actuarial modelling and actuarial valuation of employee benefit schemes, life insurance and general insurance.​

Nadia is also proficient in robotic process automation (RPA). She has developed an automated life insurance valuation routine using Automation Anywhere, applying the latest technology and innovation.​

Nadia graduated from UCSI University in Malaysia with First Class Honours in BSc Actuarial Science. She is an Associate of the Society of Actuaries (US) and studying towards attaining Fellowship of the SOA. She is a fast learner and is always keen to learn new things. Her organizational experiences have developed her strong communication, time management and problem-solving skills.​

Nadia Suharto

Country Lead, Indonesia

Contact Us



Kuala Lumpur

Unit 32-01, Level 32, Tower B Vertical Corporate Towers,

No.8, Jalan Kerinchi,  

59200 Kuala Lumpur, MALAYSIA


T: +6012 502 3566


3A-1-13, Straits Quay

Jalan Seri Tanjung Pinang

Tanjung Tokong,

10470 Penang MALAYSIA


T: +6012 502 3566


Unit No. 3A-2, Level 3A, Office Lot

Labuan Times Square

Jalan Merdeka, 87000 W.P Labuan


T: +6012 502 3566


The Prominence Office Tower, Level 28, Unit C, Jl. Jalur Sutera Barat No. 15 RT.003/RW.006, 

Kel. Panunggangan Timur, Kec. Pinang, Kota Tangerang, Banten 15143


T: +62 8965 367 9469


600 North Bridge Road

#12-02/03 Parkview Square



T: +65 9358 6606


5A Floor 3F Morgan Tower Sopheak Mongkol RD, Koh Pich, Tonle Bassac,



T: +855 076 3441 970

  • Facebook
  • LinkedIn


Malaysia T: +6012 502 3566

Singapore T: +65 9358 6606

Indonesia T: +62 8965 367 9469

Cambodia T: +855 076 3441 970

bottom of page