NICHOLAS ACTUARIAL SOLUTIONS
FINANCIAL REPORTING PRACTICE
We prepare, support and review financial reports to help insurance companies meet internal and external business requirements according to local as well as international financial reporting standards, in an efficient and timely manner.
statutory reporting bodies
financial reporting standards
We are the specialist in IFRS 17 implementation, including gap analysis, financial impact analysis, implementation, modelling, technical accounting, contractual service margin and process control.
We also provide the following services:
local financial reporting standards including MFRS, SFRS, CIFRS, TFRS
international financial reporting standards (IFRS)
US generally accepted accounting principles (US GAAP)
management & actuarial reporting
actual / budget & forecast reporting
guidelines & processes
financial condition report (FCR)
risk based capital (RBC)
embedded value reporting
internal audit & compliance
OUR FLAGSHIP COURSE
We develop solutions and conduct training for our clients. We have the experience and expertise to make our training workshops successful and would deliver the best value to our clients. All our courses are practical, hands-on and relevant.
IFRS 17 Training Programme
Our training programme includes hands-on practice and real-life examples. We have the expertise to train finance personnel on IFRS 17 accounting posting. The objective is to provide participants to be able to apply IFRS 17 principles for the recognition, measurement, presentation, and disclosure of insurance contracts issued, reinsurance contracts held and investment contracts.
George Kau ACMA CGMA FSA FASM
George is a Fellow of the Society of Actuaries (FSA) and has over 16 years of experience in the insurance and takaful industry in Malaysia and in Taiwan. He previously held appointed actuary and senior management roles in several takaful companies in Malaysia.
George has significant experience in actuarial and management work including the development of annual operating plan according to strategic initiatives, actuarial management of participating fund, review of actuarial valuation processes, methodologies and assumptions, merger and acquisitions, and feasibility studies on exclusivity arrangements and outsourcing strategies for banks and insurers before M&A. He had performed reviews of the insurance and takaful operations with focused areas on investment, profitability, capital optimisation, reinsurance structure and smart underwriting processes.
George graduated with a BSc in Actuarial Science from the National University of Malaysia. He is currently a volunteer of the Society of Actuaries, having worked on various emerging actuarial topics with local industry and professional associations to promote knowledge sharing and industry discussion. He is passionate about the development of a network in the Greater Asia community includes Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan and Thailand.
B-7-3A Tower B Vertical Business Suite, Avenue 3, Bangsar South, No.8, Jalan Kerinchi,
59200 Kuala Lumpur, MALAYSIA
600 North Bridge Road
#12-02/03 Parkview Square
Unit No. 3A-2, Level 3A, Office Lot
Labuan Times Square
Jalan Merdeka, 87000 W.P Labuan
Outpost Phnom Penh
191 Tonle Sap Street
Phnom Penh CAMBODIA
3A-1-13, Straits Quay
Jalan Seri Tanjung Pinang
10470 Penang MALAYSIA
T: +6012 502 3566