Actuarial Services

Insightful, compliant IFRS 17 implementation

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Actuarial Services

Overview

As insurance is essentially a business of managing uncertainty, actuarial expertise is fundamental even to the ongoing financial management and regulatory compliance of every insurance company. The insurance and pensions industry is evolving rapidly and is marked by a period of significant transformation, driven by evolving regulations, economic uncertainty, shifting customer expectations, and rapid advancements in data and technology. While these developments present complex challenges, they also create opportunities for organisations to unlock new sources of value and strengthen their competitive position.

We support insurers, reinsurers, and pension providers in navigating this dynamic landscape and transforming market disruption into strategic advantage. Our actuarial professionals combine deep industry expertise, advanced analytics, and practical business insight to deliver robust actuarial services across pricing, reserving, capital modelling, asset-liability management, risk management frameworks, and financial reporting.

We also help organisations address evolving accounting standards for insurance companies, including IFRS 17 implementation and financial reporting requirements, supporting accounting for insurance companies while enabling informed business decisions and regulatory compliance.

Internal Related Sub-services

  • Risk-Based Capital & Capital Management
  • IFRS 17 Implementation & Audit
  • Product Development, Pricing & Modelling
  • Reviews & Due Diligence
  • Pension & Employee Benefits Consulting
  • Actuarial Audit & Risk Management

How BDO India Can Help

BDO India provides actuarial services that help insurers, reinsurers, and pension providers address evolving regulatory, financial, and operational challenges. Our multidisciplinary team combines actuarial, accounting, finance, and technology expertise to provide support across IFRS 17 and US GAAP requirements, product development, pricing model modernisation, capital modelling, actuarial and employee benefit valuations, independent reviews, and regulatory compliance.

We help develop robust capital models across multiple regulatory frameworks, including Risk-Based Capital (RBC) and Solvency II, and implement the tools needed to support both value-generating strategies and regulatory compliance, enabling more effective management of capital resources.

We help insurers navigate and operationalise complex requirements arising from an evolving regulatory environment, including RBC and IFRS 17. Our multidisciplinary team across accounting, actuarial, finance, and technology provides practical insight to identify risks, interpret new requirements, plan changes, and support implementation.

In addition, BDO has developed an in-house IFRS 17 tool to support implementation and audit. The solution enables efficient calculation, monitoring, and reporting of IFRS 17 results, helping insurers streamline compliance and enhance reporting accuracy.

We support the full insurance product lifecycle, from concept and design to modelling, pricing, and regulatory filing. We also help shape sales strategies that balance competitiveness, profitability, and capital efficiency.

We leverage advanced technology and data analytics to modernise actuarial models and infrastructure, improving accuracy, efficiency, and agility across current and future operations. Services include FIS Prophet and GGY AXIS model validation, testing and optimisation, process automation, reporting strategy and implementation, and assumption governance and management.

We provide independent reviews of actuarial methodologies, product structures, and assumptions to support regulatory compliance and financial due diligence.

We provide comprehensive support by advising on and valuing a wide range of employee benefit schemes. These include gratuity, pension, end-of-service benefits, leave encashment, and post-retirement medical benefits, in compliance with applicable international accounting standards.

We audit statutory liabilities and IFRS 17 liabilities and support compliance with applicable regulatory requirements and risk management frameworks.

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Related Assurance Services

An audit of your financial statements is often a required element in meeting your financing and growth objectives and adding credibility to the reported financial position.
 

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