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QED offers actuarial consultancy services to life insurance companies, general insurance companies, medical aid societies, funeral assurance companies, reinsurance companies, and other risk underwriting organisations. We act as the statutory actuary, also referred to as the appointed actuary or valuator, to many life insurance and life reinsurance companies. |
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QED, through its predecessor, has offered actuarial services to insurance companies in Africa for more than 30 years. From our initial focus of offering services in Southern Africa, we are expanding our services into the rest of Africa.
QED is also actively involved with various insurance regulatory bodies across Africa and an active member of the African Insurance Organisation. We maintain good relationships with the insurance regulatory bodies of the countries in which we provide actuarial services. This is evidenced by our involvement in reviewing insurance legislation in various countries.
Actuarial services include the following: |
- Product Design
- Premium Rating
- Profit Testing of Premium Rates
- Expense Investigations
- Persistency Investigations
- Mortality, Morbidity, Dread Disease and other Experience Investigations
- AIDS Impact Studies
- New Business Projections
- Setting of Investment Policy
- Asset / Liability Matching
- Net Premium Valuations
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- Gross Premium Valuations
- Analysis of Valuation Surplus / Deficit
- Calculation of Capital Adequacy Requirements
- Embedded Value Calculations
- Analysis of Embedded Value surplus / deficit
- Appraisal Value Calculations
- Projected Revenue Accounts and Balance Sheets
- New Licence Applications
- Due Diligence Reviews
- Independent Actuary Reviews
- Actuarial Software
- Valuation of Friendly Societies
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| Additional specialist services offered to general insurance companies include: |
- Determining Premium Structures
- Calculation and Certification of Reserves
- Reinsurance Optimisation
- Stochastic Modelling
- Providing Actuarial Solutions
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