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Expertise
In the current rapidly changing environment of financial services, it is essential that you are able to react quickly and plan effectively to achieve your organisation's goals.
Whether you are looking for help with regulatory issues, financial reporting, corporate restructure, product development, risk management or strategic issues, I am able to work with you to deliver pragmatic solutions.
Life Insurance
Strategic consulting
I have have helped companies implement their business plans. This may be through mergers, acquisitions, divestitures, new administration applications and new product opportunities. For mergers and acquisitions, I have provided valuation, bidding, detailed due diligence and issue identification services.
Actuarial advice and financial reporting services
I have provided support to clients on a wide variety of actuarial issues and financial reporting matters. Specifically, I offer services to life insurance clients on taxation, product development, premium rating, profit testing, market analysis, commission structures, bonus policy, experience and expense analysis, unit pricing, margin on services valuation, embedded and appraisal valuations, solvency valuations, IFRS calculations and actuarial audit.
Financial Risk Management
The life insurance regulatory regime is continually developing as a consequence of the changes occurring in New Zealand and overseas. Financial risk management is a specialist practice in the are of market, credit, operational, product design and insurance risk
Health Insurance
I provide insight into financial risks and rewards and give clear guidance on the impact of key decision on the business. Premium rate structures in New Zealand are now more closely aligned with underlying costs. The ongoing changes in medical practice; new services, improved methods, greater access and choice have increased the need to analyse health insurance costs. There is a need for actuarial involvement in many areas of health insurance including product design and pricing, claim and expense analysis, technical reserve requirement, solvency and capital requirements and actuarial valuations.
Superannuation Schemes
Many employees have the opportunity to save for retirement through superannuation schemes. With the advent of KiwiSaver the number of employees saving for retirement through KiwiSaver schemes and company schemes is increasing. Companies with existing schemes will need to consider how their existing scheme is to interface with KiwiSaver over the next few years. Services include Master trust and KiwiSaver selection and implementation, Statutory valuations, Issues arising on corporate acquisitions, mergers and divestments, Benefit design and costing, Member communication, Scheme conversions and integration with KiwiSaver, Supplier selection including insurers, administrators and trustees and Surplus reversion
Financial Modeling
Organisations may require knowledge of the effect of the changes in mortality in recent decades and the impact on their organisations. In addition organisations may have products and services which are affected by changes in membership and mortality which have consequential financial impacts. There is a need to understand the way these changes can affect the business in the future.
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