Services

Azuria Partners - Services

We help established organisations across productions, processes and resourcing strategies to grow profitability and drive relevance.

Azuria Partners are a team of experienced actuarial consultants, assisting organisations in the development, maintenance and distribution of life insurance products.

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Pricing and Product
Pricing and Product

Azuria Partners can assist life insurers with developing end to end delivery of the required analysis and the pricing report recommendations for all retail, large corporates or industry fund opportunities. Specifically our services include:

  • Claims experience investigations
  • Setting best estimate pricing
  • Assumptions such as expenses, claims incidence and lapse rates
  • Pricing of product upgrades
  • Competitor benchmarking
  • Reinsurance pricing reviews
  • Documentation and internal approvals
  • Implementation and User Acceptance Testing (UAT)
  • Identifying risks in the pricing process, leading to more efficient evaluation process.
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Financial Management
Financial Management

Azuria Partners can assist life insurers with:

  • Calculation of reserves, including analysis of change
  • Regulatory capital
  • Actuarial modelling
  • Supporting documentation and support to internal governance
  • AASB17 expertise
  • Analysis and reporting on ICAAP
  • Process and model improvement.
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Valuations
Valuations

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.
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IFRS17
IFRS17

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.
modelling
Modelling
Modelling

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

  • We are experts in building, refining, integrating and upgrading models of all sorts. This includes models built using any system. For example, Excel, R, bespoke internal, actuarial software.
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IFRS17
IFRS17

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.