NICHOLAS ACTUARIAL SOLUTIONS

PRICING PRACTICE

 

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

pricing
  • 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

 
Nadia_edited.jpg

PRACTICE LEADER

Nadia leads the Pricing Practice at Nicholas Actuarial Solutions.

 

Nadia has over 2 years’ 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. She has led pricing projects in Malaysia, Indonesia, Cambodia and Myanmar, for multinational and local insurers. She is familiar with local regulatory and internal requirements of large multinational insurers.

 

Nadia graduated from UCSI University in Malaysia and was a recipient of UCSI University Trust Scholarship for the whole period. She graduated with First Class honours in BSc Actuarial Science and she is currently studying towards attaining Fellowship of the Society of Actuaries (SoA).

Nadia Suharto

Actuarial Analyst

 

CONTACT US

Kuala Lumpur

B-7-3A Tower B Vertical Business Suite, No.8, Jalan Kerinchi,  

59200 Kuala Lumpur, MALAYSIA

E: enquiry@n-actuarial.com

Singapore

600 North Bridge Road

#12-02/03 Parkview Square

SINGAPORE 188778

E: singapore@n-actuarial.com

Labuan

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

Labuan Times Square

Jalan Merdeka, 87000 W.P Labuan

E: labuan@n-actuarial.com

Phnom Penh

Outpost Phnom Penh
Yellow Tower,

191 Tonle Sap Street
Phnom Penh CAMBODIA

E: cambodia@n-actuarial.com

Penang

3A-1-13, Straits Quay

Jalan Seri Tanjung Pinang

Tanjung Tokong,

10470 Penang MALAYSIA

E: penang@n-actuarial.com

  • Facebook
  • LinkedIn

E: enquiry@n-actuarial.com

T: +6012 502 3566