PRIVATE FINANCE SERVICES, Investment, and Financial Services. We provide exclusive investment-related advice and goes beyond managing investments
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ACTUARIAL ACCOUNTING & BENEFITS HUMAN CAPITAL REWARD SERVICES as follows: EXPERIENCED ACTUARIAL ACCOUNTING SPECIALIST SERVICES are as follows Actuarial Accounting, Sciencetech For Insurance & Risk Management, Benefits & Compensation Consulting Chief Actuary, Pension Funds & Group Retirement, ADVISORY & ACTUARIAL SERVICES are as follows: Pricing, Reserving, Asset Liability Management, Dividend & Capital Management. HUMAN CAPITAL & BENEFITS are as follows: Human Resources Consulting, Outsourcing, Investment Consulting.
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CORPORATE FINANCE & INSURANCE SCIENCETECH RISK MANAGEMENT SERVICES as follows: Banking Financial & Strategy Transactions, Risktech For Insurance & Management, Insurance Services & Brokerage, Education and Development.
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Actuarial Accounting & Benefits Human Capital Reward Services

 ACTUARIAL ACCOUNTING & 

 BENEFITS HUMAN CAPITAL REWARD SERVICES 

 

EXPERIENCED ACTUARIAL ACCOUNTING SPECIALIST SERVICES 

Working alongside actuarial accounting expert, insurers, employee benefits, and pension funds for 44 years, we provide worldclass innovative actuarial accounting, insurance, employee benefits, and pension fund software solutions & consulting. We proud to work for the actuarial accounting, insurance, employee benefits, and pension funds industry by supporting actuarial accounting,  insurance, employee benefits, and pension funds carriers. LAG® combines actuarial accounting, insurance, employee benefits, and pension fund industry knowledge and expertise and high level in analytics embedded in our solutions to transform risk and complexity into opportunities to improve The Financial Accounting & Insurance Pension Business.

Constantly innovating, challengin existing methods and ideas by creating knowledge and solutions that make change possible, our teams are strongly committed to support Insurers and take their business further. This is why we are constantly innovating and investing in Research & Development to deliver the solutions that best meet our clients challenges while benefiting from a holistic view of global actuarial best practices. We are in action, conscious that insurance is more than ever a business in motion.

Experienced Actuarial Accounting Specialist Services:

* Actuarial Accounting AASB, FASB, FRS, IAS (IFRS), PSAK & SCITECHINDO® Software

   - PSAK 22 Business Combination,

                    Corporate Finance,

                    Investment Banking,

                    Merger Acquisition,

                    Strategy Transaction.

   - PSAK 24 Employee Benefits

   - PSAK 48 Impairment of Assets

   - PSAK 53 Employee Stock Option

   - PSAK 74 & IFRS 17 Insurance Contracts

* Actuarial Accounting Business Valuation

* Corporate Finance Sciencetech Authorization Mastership

* Education & Training

* Financial Reporting:

   - SII QIS5, SI Pillar 1 Peak Regulatory & Peak 2 Realistic, SI Pillar 2 (ICA), Traditional EV, EEV, MCEV, IFRS, US GAAP and MoS reporting

   - Prepare, gather, consolidate, and analyst result.

   - Set up and run actuarial models using MoSes, Prophet and VIPitech.

* Financial modelling:

   - Maintaining, Coding changes, debugging, setting up and running various actuarial software ie, MoSes, Prophet, VIPitech, MG-Alfa, Barrie Hibbert ESG software Barrie Hibbert Calibration Tools

   Pricing:

  - Protection, CI, Income Protection, Immediate Annuity, Deffered Annuity, Unit-Linked products, Investments products (ie. Guaranteed Income Bonds and Guaranted Growth Bonds using derivatives forward swaps and swaptions) 

  - Derivation of Premium rates.

  - Customisation and use of actuarial software for pricing purposes

  - Profit testing

  - Proof reading of promotional material ensure consistency with product design and legislative compliance

  - Specification and Testing of the calculations routines for new and upgrades to existing in-house computer software on the Policy Administration System.

  - The production of marketing and promotional material

  - Industry research.

  - Technical advice regarding general policy administration problems and unit pricing

  - The provision of Future Benefit Illustrations

  - Policy reconstructions to assist in complaints resolutions

  ESG:

 -. Good understanding and working knowledge of various asset models

   (ie. LABOR model, Vasicek model, real-world SV JD (Stochastics Volatility & Jump Diffusion) model and a combination of Black-Karasinshi model and Jarrow London Turnbull credit model).

 -. Set up and performe Martingale Test and Convergent Test to ensure market consistent and sufficient number of scenarios.

  Reconciliation

 -. Reconcile actuarial models for NP and WP funds.

 -. Select individual testbeds and testing individual policies.

 Experience studies

 -. Mortality, morbidity, withdrawal and expenses studies.

* Investment Banking & Commercial Banking Specialists and Quants

 

Benefits & Compensations Consulting 

  • Valuation PSAK 24, IAS 19, FASB

  • Funding

  • Training & Education

  • Employee Benefits Plans, Long-term benefits, Short-term benefits, Life insurance benefits, Health insurance benefits.

  • Accounting Standards & Regulations Compliance: IFRS, IAS, USGAAP, PSAK Accounting Standards, and Labour Law Compliance and Implementation as well.

  • Compensations consulting for various Industries, Design & manage compensation programs related to basic salary, bonuses, and stock plans. Evaluation of positions and building of salary structures, bonus plans and stock plans for clients.

Chief Actuary

  • Leading in the execution of actuarial strategic projects , start from pricing, valuation, experience, assumption setting to modeling.

  • Leading expert for modeling and modeling control: 1. Develop and enhance the models for various purposes in actuarial functions, 2. Establish and improve modeling governance process

  • Lead projects teams to perform business challanges

  • Deploy actuarial machines: SCITECHINDO®, PROPHET®, TAS Tillinghast® (MoSes), etc.

  • Merger & Acquisition (Corporate Finance & Invesment Banking)

  • Financial modeling for srategic initiatives, such as: new partnership, new distribuion channels, distribution compensation planning, etc.

  • SCITECHINDO® Benefits Pension & Human Resources Software.

  • SCITECHINDO® Accounting Actuarial Software (PSAK 24, IFRS 17, IAS 19).

  • SCITECHINDO® Banking Insurance Software & Hardware

  • SCITECHINDO® Investment Banking & Capital Modeling Software

  • SCITECHINDO® Insurance Reserving Software

  • SCITECHINDO® Insurance Pricing Software

 

* Risktech for Insurance

  • Consulting

  • Insurance

  • Solvency 2

  • Actuaries

  • Reinsurance

  • Solution for Actuaries

  • Regulatory

  • Profitability

Pension Funds & Group Retirements

  • Regulatory

  • Actuarial Valuation

  • Investment Consulting

  • Training & Education

  • Group retirement plan is a financial arrangement designed to replace employment income upon retirement.
  • Employers pension funds, Pension funds defined benefits, Pension funds defined contributions, Pension funds financial institutions.
  • Regulations & Accounting Standards Compliance: Retirement Plans Law@IFRS@IAS@USGAAP@PSAK Accounting Standards Compliance and Implementation as well.
  • Provide administration services to manage cost and effectiveness of retirement programs, including defined benefit and defined contribution plans

 

 ADVISORY & ACTUARIAL SERVICES 

Working alongside insurers, pension funds, actuarial accounting and employee benefits players for 44 years, we provide worldclass innovative insurance, pension fund, actuarial accounting and employee benefits software solutions & consulting. We proud to work for the insurance, pension funds, actuarial accounting and employee benefits industry by supporting insurance, pension funds, actuarial accounting and employee benefits carriers. LAG® combines insurance, pension fund, actuarial accounting and employee benefits industry knowledge and expertise and high level in analytics embedded in our solutions to transform risk and complexity into opportunities to improve the insurance business.

Constantly innovating, challengin existing methods and ideas by creating knowledge and solutions that make change possible, our teams are strongly committed to support Insurers and take their business further. This is why we are constantly innovating and investing in Research & Development to deliver the solutions that best meet our clients challenges while benefiting from a holistic view of global actuarial best practices. We are in action, conscious that insurance is more than ever a business in motion.

 

Advisory & Actuarial Services: We are professionals as well who advises clients on investment, insurance, and pension-related decisions. We will apply the extensive use of statistics, contingency plans, and large amount of data to formulate a plan best suited to the client. We calculate and analyze the data, make forecast, provide the most accurate information to clients, and help them realize what their best options are. We have experienced professionals who serve actuarial & advises business clients on accounting & actuarial services, pricing, reserve valuation, asset liability management, dividend & capital management:

Actuaries services:

  • Actuarial services: Financial Reporting Actuarial is independent actuarial valuations performed by independent actuarial office for financial accounting standard statements from various countries and international. Accounting & Actuarial post retirements, long service awards and other employee benefits under labor law, PSAK 24, advice on pension cost, insurance contracts under PSAK 62 (reserve valuation). PSAK standards implementations & valuations on actuarial, risk, and insurance related for the purpose of routine financial reporting, IPO, M&A, Corporate Actions, Others.
  • Pension Funds: Provide actuarial services to manage cost and effectiveness of retirement programs, including defined benefit and defined contribution plans.
  • Commercial Banks: Analyze mortgage portfolios, analize lending risks, analyze project investment returns, analyze various future-based model scenarios, to design investment products that incorporate insurance elements, applying skills in analysis of contingent risks & finance analysis.
  • Fund Management Companies: Asset allocation, interest performance measurement, quantitative modeling.
  • Actuarial Operational: Operational actuarial review of systemically operating activities, or parts thereof, in relation to a particular purpose. Operational actuarial objectives are to Evaluate Performance, Identify opportunities for improvement, Make recomendations for improvement or further action

Pricing

We perform the process of setting charges for, and benefits provided by, an insurance policy at issue. The charges include premiums, cost of insurance charges, separate account charges, and policy fees, others. The benefits include death benefits, surrender benefits, and income benefits, others.

Reserving

Reserve Valuation Actuarial are independent actuarial valuations whose purpose is to determine whether clients internal valuations is in accordance with certain conditions or rules. Especially for:

  • Life Insurance Companies: Calculation liabilities includes of technical reserves of insurance companies in accordance with POJK No. 74/POJK.05/2016 and POJK No. 72/POJK.05/2016 concerning Financial Health of Insurance Companies, and Conventional & Sharia Reinsurance Companies.
  • Non-life Insurance Companies: Calculation liabilities includes of technical reserves of insurance companies in accordance with POJK No. 74/POJK.05/2016 and POJK No. 72/POJK.05/2016 concerning Financial Health of Insurance Companies, and Conventional & Sharia Reinsurance Companies.
  • Defined Benefits Pension Funds: Periodic Actuary Reports to Indonesian Ministry of Finance in accordance in accordance with the Decree of the Minister of Finance of the Republic of Indonesia No. 510/KMK/06/2002 concerning funding and solvency of employer pension funds and the regulation of the Minister of Finance No. 113/PMK.05/2005.
  • Others

Asset Liability management    

We perform the process of managing the use of assets and cashflows to meet a company's obligations in order to reduce the company's risk of loss from not paying a liablitity on time.

 

Dividend & Capital management

  • Dividend Management: To maintain the balance of the rights of policy holders & depositors, dividend, solvency regulations, and sustainability of the company.
  • Capital Management: We perform the accounting strategy that strives to maintain sufficient and equal levels of working capital, current assets, and current liabilities. 

 

 HUMAN CAPITAL & BENEFITS 

Human Resources Consulting 

  • Employment agencies & recruitments: We matches employers to employees. We perform the overall process of attracting, shorlisting and appointing suitable candidates for jobs (either permanent or temporary) within an organizattion.
  • Employee engagement: Measure employee engagement levels through surveys and interviews, define and improve performance in employee engagement and retention. Total reward strategy, employee performance management, leadership transformation, organisation structure design.
  • Mergers and Acquisitions: Conduct human capital due diligence, coordinate and administer cross-functional activities during execution, including payroll and HR technology. Align organizational cultures and work styles during post-merger integration.
  • Talent mobility: Provides the insight and execution for full international expatriates (usually for executives) or local plus (partial-package expatriates), from pre-move informative guide, to post-move expat management program.

Benefits & Compensations Consulting 

  • Employee Benefits Plans, Long-term benefits, Short-term benefits, Life insurance benefits, Health insurance benefits.

  • Accounting Standards & Regulations Compliance: IFRS, IAS, USGAAP, PSAK Accounting Standards, and Labour Law Compliance and Implementation as well.

  • Compensations consulting for various Industries, Design & manage compensation programs related to basic salary, bonuses, and stock plans. Evaluation of positions and building of salary structures, bonus plans and stock plans for clients.

Outsourcing:

  • Clients contracts-out a part of existing internal activity to our company.
  • Business process outsourcing: clients involves the contracting out a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to our company.
  • Transferring employees and assets from one firm to another.
  • Handing over control of public services to private enterprise.

Investment Consulting:

  • Investment objectives and asset allocation strategies appropriates to the objectives,
  • Taking into accounts the particular scheme's liabilities,
  • Analyze and monitor investment performance,
  • Advice on selection of investment managers.

 

Global expertise & Local solutions 

 

 E-SEN SOLUTiON LiMiTED UK 
 SCITECHINDO ACTUARiAL MACHiNe INA 
 ACTUARIES ACCOUNTANTS 
 Santander International ESPANA 
 BeNeFiTS HUMAN CAPiTAL & ReWARDS 
 FiNANCe FUTURe & SCieNCeTeCH SOFTWAReS 
 Abbey International UK 
 RLS Grupo INA 
 SENRISDERBEY FiNANCePRO iNSTiTUTe 
 

Bank Indonesia | CPF Institute | IAPI | OJK | Departemen Keuangan

By Utama Kreatif