Prima is your dedicated actuarial consulting partner, providing specialized expertise to bridge the gap between complex technical calculations and practical business solutions. Our seasoned actuarial professionals bring industry knowledge and modern technology to address your most challenging regulatory and financial reporting requirements.
Modern insurance companies face increasing pressure from evolving regulations, complex reporting standards, and demanding stakeholder expectations. Our actuarial services are designed to help you meet these challenges head-on while optimizing your operational efficiency and regulatory compliance.
Our comprehensive approach delivers solutions that align with local Irish regulations and broader European requirements, positioning your organization for sustained success in an increasingly complex regulatory environment.
The insurance industry continues to move toward increased automation as data volumes grow and reporting deadlines become more demanding.
Our actuarial transformation services help you transition from manual Excel-based processes to automated workflows that improve efficiency and accuracy while reducing operational risk.
Our technology specialists work alongside actuarial experts to design and implement automated actuarial modelling solutions for insurers that scale with your business growth.
These solutions reduce the manual effort required for routine calculations while freeing your team to focus on analysis and strategic insights.
Automated actuarial process transformation for insurance teams involves careful planning and phased implementation to minimize disruption to your ongoing operations.
We work with your existing systems and processes to identify optimization opportunities that deliver immediate value while building toward longer-term automation goals.
Re-platforming away from Excel requires carefully considering your business requirements, existing data structures, and reporting obligations.
Our transformation approach balances the benefits of automation with the need for transparency and auditability in your actuarial processes.
The result is a more robust, scalable actuarial infrastructure that positions your organization for future growth while reducing the risk of manual errors and improving the reliability of your reporting processes.
Our reserving and valuation actuarial support begins with the development and comprehensive review of core cashflow models that accurately reflect your business operations and risk profile.
We work closely with your teams to build models that provide reliable foundations for all subsequent actuarial calculations and regulatory reporting requirements.
Experience studies form the backbone of sound actuarial assumptions, and our team specializes in developing robust experience studies that support defensible valuation assumptions.
These studies analyze historical data to identify trends and patterns that inform future projections and risk assessments.
Calculating actuarial liabilities on an IFRS and Solvency II basis requires precise technical expertise combined with a deep understanding of regulatory requirements.
Our professionals handle these complex calculations while maintaining complete transparency about methodologies and assumptions used throughout the process.
Our Solvency II technical provisions calculation for Irish insurers includes comprehensive documentation that satisfies internal governance requirements and external regulatory expectations.
We provide detailed explanations of methodologies, assumptions, and results that support your regulatory submissions and board reporting.
Our Head of Actuarial Funcution services provide you with access to qualified professionals who can fulfil this critical regulatory role without the overhead of permanent staffing. We can undertake the Head of the Actuarial Function role (PCF-48 under the Central Bank of Irelands Fitness & Probity regime) providing the Actuarial Report on Technical Provisions (ARTP) and the Actuarial Opinion on Technical Provisions (AOTP) covering both the opinion on underwriting and reinsurance arrangements. We will also contribute to the effective implementation of the risk management system and feed into the development of the Own Risk and Solvency Assessment (ORSA). We can take on the role of the reviewing actuary under the Central Bank of Ireland’s Domestic Actuarial Regime, utilising our significant market insight. The review actuary will work with your HoAF to ensure an efficient and insightful review.
Navigating the constantly shifting regulatory landscape requires expertise that combines technical knowledge with practical implementation experience.
Our regulatory change guidance helps you stay ahead of new requirements while minimizing disruption to your business operations and reporting processes.
The latest Solvency II amendments introduce new complexities that require careful analysis and strategic planning to implement effectively.
Our team monitors regulatory developments and provides timely guidance on how these changes will impact your specific business operations and reporting requirements.
IFRS 17 actuarial consulting services remain a critical focus as organizations refine their implementation approaches and address ongoing challenges.
We provide ongoing support that helps you optimize your IFRS 17 processes while maintaining compliance with evolving interpretation guidance.
Our regulatory change services include comprehensive impact assessments that help you prioritize implementation efforts and allocate resources effectively.
We work with your teams to develop implementation roadmaps that balance regulatory requirements, business priorities, and operational constraints.
Staying current with regulatory changes protects your organization from compliance risks while positioning you to take advantage of new opportunities that may arise from regulatory developments.
Through our strategic partnership with Prima Consulting Pakistan, we provide access to additional specialized expertise and cost-effective solutions that complement our Irish operations. This collaboration allows us to offer comprehensive actuarial services that combine local Irish regulatory knowledge with global best practices and technical innovation. Our Pakistani colleagues bring deep expertise in actuarial modelling, data analytics, and technology implementation that supports our Irish clients' most complex challenges while maintaining the highest professional service and regulatory compliance standards.
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