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ACTOMATE

OFFSHORE INSURANCE PRACTICE

We provide solutions to offshore insurance companies in all offshore jurisdictions globally. We are Appointed Actuary to several offshore insurance companies and also assist with business and strategic planning.

business & strategic planning

  • pre-formation assessment

  • business review

  • business planning

  • tax review

  • insurance programme review

  • risk management review

  • feasibility study

  • domicile planning

  • cash flow projection

actuarial & financial reporting 

  • actuarial valuation

  • liability adequacy test

  • internal reporting

  • statutory reporting

  • tax reporting

  • stock exchange reporting

  • value reporting

  • financial condition reporting (FCR)

  • transfer pricing

  • IFRS 4

  • IFRS 17

  • US GAAP

enterprise risk management

  • enterprise risk management (ERM)

  • key risk assessment

  • compliance review

  • reinsurance optimisation

  • economic capital modelling (ECM)

  • statutory capital modelling

  • risk based capital (RBC)

  • own risk solvency assessment (ORSA)

  • internal capital model (ICM)

Practice Leader

PRACTICE LEADER

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Nicholas Yeo FIA FASM FSA FSAS AIIA

Founder & Actuary

Nicholas leads the Offshore Insurance Practice at Nicholas Actuarial Solutions.

Nicholas founded Nicholas Actuarial Solutions in 2015, a leading actuarial firm in Asia. He is an actuary with exceptional business acumen and a global perspective. His clients and his organization benefit from his strong grasp of strategic, operational and risk management aspects of the business.

Nicholas has developed various technology and software application including IBNR Robot, ReACC Robot, PET Robot, LRC Robot, LIC Robot, and PAA Robot. Nicholas also has significant experience in captive insurance, offshore insurance, robotic process automation, artificial intelligence and data analytics.

Nicholas has 18 years experience in actuarial work including life insurance, family takaful, general insurance, general takaful, employee benefits, pension, medical insurance, reinsurance and insurtech startups. Nicholas held appointed actuary and signing actuary roles in various jurisdiction across Asia.

Nicholas is a Fellow of the Institute and Faculty of Actuaries (UK) and a Fellow of the Society of Actuaries (US). He is a past Council Member of the Society of Actuaries’ Entrepreneurial & Innovation Section. He is also a past Chairperson of the Professional Development Committee and Events Committee of the Actuarial Society of Malaysia. Nicholas graduated from Bayes Business School with First Class Honours in BSc Actuarial Science. He is an Associate Member of the Institute of Internal Auditors Malaysia and holds a Certificate in Finance and Investment (CFI) from the Institute and Faculty of Actuaries (UK).

RESOURCES

International Practice

IFRS 4 Insurance Contracts

IFRS 17 Insurance Contracts

US GAAP

Malaysia 

Financial Condition Report

Transfer Pricing 

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