PRIVATE BANKING @ Investment @ Financial Services. We provide exclusive investment-related advice and goes beyond managing investments
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RISK TECHNOLOGY & INVESTMENT BANKING as follows: Risk Technology & Professional Certifications and Corporate Finance & Benefits Insurance. RISK TECHNOLOGY & BENEFITS INSURANCE: Management Consulting & Risk Technology. Risk Technology for Insurance, Financial Assurance & Investment Institute (PIB Institute). CORPORATE FINANCE & BUSINESS ADVISORS are as follows: Cash management & treasury services, Merger acquisition for business & proper, Employers services, Stock brokerage & investment funds, Transactions & capital management services (Private & investment banking services), Corporate Benefits Insurance.
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BENEFITS TECHNOLOGY & ACTUARIAL SERVICES as follows: EMPLOYEE BENEFITS & ACTUARIAL SERVICES are as follows: Human Capital Advisory, Compensations & Benefits consulting, Group Retirement Plans solutions, Outsourcing, Investment consulting. HUMAN CAPITAL & INSURANCE RESEARCH are as follows, Advisory Services: Develop findings, conclusions and recommendations to be considered and decided by clients (strategic planning, etc.). Actuarial Services: Accounting & actuarial services, pricing, reserving, asset & liability management, dividend & capital management. Financial & Insurance Training Services.
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NEWS AND LEGALITIES

Financial * Insurance * Actuarial  

 

 

 

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Benefits Retirements * Human Capital

 

 

 

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International Financial Reporting Standards (IFRS)

IFRS 17 (PSAK74)

A. SOURCE SYSTEMS

* Policy data, Claims data, Product data, Premiums, Commissions, Expenses, Reinsurance

 

B. ACTUARIAL

B1. DATA FOR CALCULATIONS

* DATA PREPARATION

Processes automation, transparency, High data volume management, Control, Data Integration

B2. CALCULATIONS

* FUTURE CASH FLOWS

Cashflow projections, time value of money, Liability for remaining coverage and Incured claims, Different allocation levels, Reinsurance modeling

* RISK ADJUSTMENT

Disribution estimation, Equivalent confidence level, Pre-defined Risk Adjusment Methodologies and Customized calculations, Diversification Effect, Modeling of dependences

* CONTRACTUAL SERVICE MARGIN

Allocation for Future Cashflow from porfolio level of groups of insurance contracs, Calculations of the Contractual Service Margin

B3. DATA FOR ACCOUNTING

* DATA PREPARATION

Automation, Data formation, Data intergration, Tranparency

* DISCLOSURE PREPARATION

Several disclosure template, User defined reports, Automatic update of excel reports

 

C. ACCOUNTING

IFRS 17 SUBLEDGER

Insurance revenue, Insurance finance expenses, Analysis of change (Related to past, current, and future services), P&L, Separate Disclosures between insurance contratcs and reinsurance contratcs held.

 

D. STORAGE

IFRS 17 RESULTS DATABASE

Dataflow automation, Storage of results and assumptions, Keeping track of data-auditability and future reporting period analysis.

 

 

 

 

 

 

 

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Indonesia Financial Accounting Standards (PSAK)

 

 

 

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Financial Education (CPFAI) * Banking * Real Estate

 

 

 

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Financial Services Authority (OJK)

 

 

 

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Ministry of Finance (MoF)

 

 

 

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Central Bank (BI)

 

 

 

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Our Legal and Licenses

* Decree Minister of Justice of Republic of Indonesia: Number, C-07437 HT.0101.-TH.2007

* Decree Minister of Justice and Human Rights of Republic of Indonesia: Number, C-30272 HT.01.01. TH.2003

* Decree Minister Industrial and Trade of Republic of Indoneisa: Number, 510/2399,-PERINDAG/PK/XII/2007

* Decree Minister of Finance of Republic of Indonesia: Number, OJK KEP-230/KM.6/2004

* Notary Deed: Annie Sri Rahmani Hendrotomo, SH.

* Notary Deed: Andriani Mariam, SH.

* Register Number of Actuary (FSAI) Reg. PAI: 200110186 in The Society of Actuaries of Indonesia

* Register Number of Personal Financier (CPB) Reg. PBIA: 2018P00001 in The Certified Private Bankers Association of Indonesia

* Register Number of Corporate Financier (CIB) Reg. IBTA: 2018I00001 in The Chartered Investment Bankers Association of Indonesia

* Register Number of Associate Life Management Institute (AAAIJ) in The Insurance Management Institute of Indonesia (AAMAI): Reg. AAMAI: 96030247

 

 CONSULTING EDUCATION INVESTMENT   



By Utama Kreatif