Head of Pricing, Major Life Insurer
“The client engagement with Azuria was great. They were very proactive throughout the entire engagement, and checked in after the work was completed to ensure there were no issues. Quality of the work produced was great.”
IFRS17 Project Lead, Major Life Insurer
“I have found that the Azuria Partners team are easy to work with, diligent, reliable, hardworking, knowledgeable, and committed to getting the job done. The commitment shown by them in ensuring that we successfully delivered on regulatory submissions was a key factor in our success. I would recommend the Azuria Partners team to my friends or colleagues. ”
We help established organisations across productions, processes and resourcing strategies to grow profitability and drive relevance.
Azuria Partners can assist life insurers with:
- Claims experience investigations
- Setting best estimate pricing
- Assumptions such as claims incidence rates, lapse rates and expenses
- Pricing of product upgrades
- Competitor benchmarking
- Reinsurance pricing reviews
- Reinsurance structure review – mapping of treaties and determination of efficient structures
- Documentation and internal approvals
- Implementation and User Acceptance Testing (UAT)
Azuria Partners can assist life insurers with:
- Actuarial modelling and processes support
- Calculation of Reserves, including Analysis of Change
- Documentation and Internal Governance
- Methodology and Assumptions Setting including Experience Investigations
- Management insights including drafting and reviewing presentations and reports to senior management and Appointed Actuaries.
Azuria Partners can assist life insurers with:
- Calculation of regulatory capital
- Documentation and reporting of Capital calculations (incl. Target Surplus)
- Performing Analysis of Change to prior month
- Analysis and reporting of ICAAP
- Impact on Capital from new business initiatives
Azuria Partners can assist life insurers with developing end to end delivery of the required analysis and the pricing report recommendations for all large corporates or industry fund opportunities. Specially our services include
- Setting up and analysis of data
- Deriving best estimate pricing assumptions (incl. expenses)
- Informing of loss ratios
- Pricing of product upgrades
- Reinsurance pricing & structure reviews
- Documentation and internal approvals
- Implementation and Client Proposal Documents
- Technical and peer reviews of the pricing analysis
- Identifying risks in the pricing process, leading to more efficient evaluation process.
Azuria Partners has extensive experience in assisting multiple life insurers with the implementation of IFRS17 across Australia. Our services in this area include:
- Model development and testing, gap analysis for future IFRS17 capability, implementation and deployment.
- Interpreting requirements and developing methodology in line with IFRS17 standards.
- Financial impact analysis including transition impacts, calculating retrospective IFRS results, impacts on capital requirements and future profitability.
- Regulatory submissions including assistance with APRA QIS.
- Setting up controls, checks and documentation of process and assist transitioning IFRS17 to BAU teams.
Damian Thornley
A qualified Actuary with 20+ years experience working as an Actuary and a BBQ enthusiast.
Zhan Wang
Zhan has experience across multiple actuarial functions: pricing, valuation and data analytics. Two-parts actuarial, one-part
Kirsty Hogan
Kirsty is a qualified actuary with over 20 years’ experience working in the life insurance
Maria Hadinata
Maria is a Senior Actuarial Analyst with a Master Degree of Actuarial Studies from the
Emily Fan
Emily is a qualified actuary with 14+ years of work experience. Emily has worked at
Ruolan You
Ruolan is a Senior Actuarial Analyst with a Bachelor of Actuarial Studies and a Master
We can assist you across all channels of life insurance whether it be Retail, Direct or Group and across all actuarial functions like Pricing, Valuations and Capital Management.
