What actuarial services does iBOS Group provide?
We provide actuarial services across life insurance, general insurance (P&C), pensions and employee benefits, IFRS 17 implementation, risk and capital management, and data analytics and modeling.
Do you work with insurers, reinsurers, or both?
We work with both insurers and reinsurers, as well as audit firms, pension schemes, and employers needing specialized actuarial support for compliance, reporting, or strategic decision making.
Can your actuaries support audit engagements?
Yes. We regularly support audit firms and finance teams with actuarial subject matter expertise for reserve reviews, IFRS 17 compliance, and pension valuation work required as part of the audit process.
How do you ensure accuracy and compliance in your actuarial work?
Our actuaries follow established professional standards and regulatory frameworks, with rigorous internal review processes, to ensure calculations, assumptions, and disclosures meet the requirements of the relevant reporting standard or regulator.
Do you offer ongoing actuarial support, or only project-based work?
We offer both. Many clients engage us for specific projects such as IFRS 17 implementation, while others rely on us for ongoing valuation, reserving, and reporting support on a recurring basis.
What does life insurance actuarial support typically include?
Our life insurance actuarial services include reserving, pricing, mortality and lapse assumption setting, and embedded value calculations to support accurate financial reporting and regulatory compliance.
What is IBNR and why does it matter for general insurance?
IBNR (Incurred But Not Reported) refers to reserves set aside for claims that have occurred but haven't yet been reported. Accurate IBNR estimation is critical for insurers to maintain adequate reserves and avoid under or overstating liabilities.
How do you support pension scheme valuations?
We provide funding assessments, defined benefit obligation calculations under IAS 19, and scenario modeling to help employers and trustees understand and manage long-term pension liabilities.
What is involved in IFRS 17 implementation?
IFRS 17 implementation involves selecting the appropriate measurement model, building CSM calculation processes, determining risk adjustment methodology, and aligning actuarial and finance functions to support accurate, compliant reporting.
What is Solvency II and does it apply to my organization?
Solvency II is a regulatory framework governing capital requirements for insurers operating in or serving the EU market. We help organizations assess whether it applies to them and support the required solvency and capital adequacy calculations.
How does data analytics improve actuarial modeling?
Data analytics and machine learning techniques allow actuaries to identify patterns and relationships in large datasets that traditional methods may miss, improving pricing accuracy, reserving precision, and risk segmentation.