NEWS AND LEGALITIES
Actuarial • Accounting • HR Benefits
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Banking • Financial • Insurance Investment
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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 (CCF) * 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
Kantor Akuntuaris Publik
* 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 Banker Investment (BIC) Reg. BIC: 2018I00019 in The Chartered Investment Bankers Association of Indonesia
* Register Number of Private Banker (CPB) Reg. PBI: 2018P00002 in The Certified Private Bankers Association of Indonesia
* Decree of Public Actuary Reg. Act-1.17.00104/KMK No. 697/KM.1/2017 Tgl.14/07/2017
* Register Number of Public Actuary Reg. F.00160 Tgl. 08/12/2016
* Register Number of Associate Life Management Institute (AAAIJ) in The Insurance Management Institute of Indonesia (AAMAI): Reg. AAMAI: 96030247
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