EMPIRICA
Services
Exceeding Your Expectations
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Actuarial and Financial Consulting
Quantitative strategies
With years of experience, our staff has the capabilities and expertise to take your business to the next level.
We provide the following services:
1. Asset and Liability modeling (ALM)
2. Risk Management
3. Valuations
4. Product design, planning, and development
5. Product pricing
6. Financial Reinsurance
7. Life insurance license applications
8. IFRS 17
9. Capital and Balance sheet management
10. Data analysis
IFRS 17 Transition
The road to January 2023 - with you all the way
The diversity in previous insurance accounting practices and the long duration of many types of insurance contracts create particular challenges for transition to IFRS 17, ‘Insurance Contracts’. As a result, the transition requirements in IFRS 17 are complex and contain a number of options. The consequences of the choices made under those options can have an effect on the accounting for insurance contracts for many years, persisting for as long as the contracts that exist at the date of transition remain outstanding. Â
We provide our clients with tailor-made solutions in the transition including; project management, parallel runs and technical modelling.
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