Insurance Consulting — Actuarial Services for Life, General & Health Insurers
Kapadia & Kochrekar provides independent actuarial services across the insurance value chain — from product pricing and reserving to solvency assessment, regulatory filings, and peer review.
Insurance companies require actuarial expertise at every stage of their operations — from designing products that are appropriately priced for the risks they cover, to reserving adequately for claims that have occurred but not yet been paid, to demonstrating solvency to regulators. Kapadia & Kochrekar provides independent actuarial support across all these functions typical of most regulatory frameworks.
Services for Life Insurance Companies
Product pricing: Actuarial pricing of term, endowment, ULIP, annuity, and health products — mortality and morbidity assumptions, expense loading, profit testing
Statutory valuation: Annual actuarial valuation of policy liabilities under local regulator's formats
Appointed Actuary support: Technical support and peer review for the Appointed Actuary's certificate
IFRS 17 / Ind AS 117 transition: Actuarial modelling support for the IFRS transition — CSM computation, cohort analysis, GMM vs. PAA choice
Embedded value: Traditional EV and market-consistent EV (MCEV) computation
Reinsurance optimisation: Retention limit analysis and reinsurance structure review
Services for General Insurance Companies
Reserving: IBNR, IBNER, and ULAE estimation — chain-ladder, Bornhuetter-Ferguson, and stochastic methods
Pricing: Risk-based pricing for motor, property, liability, marine, and specialty lines
Premium rating for group health covers — corporate accounts and retail products
Reserve adequacy assessment for incurred but not reported health claims
Frequently Asked Questions
We do offer such services for countries / regulators that allow Appointed Actuary to be in consulting capacity.
IRDAI has mandated full Ind AS adoption from April 1, 2026 for all insurers. The first year requires parallel preparation of both Ind AS financial statements and Indian GAAP information. The retrospective cohort construction requirement under Ind AS 117 requires historical data going back up to 20 years for the 2028-29 financial year. Preparation should begin immediately.
Discuss your insurance actuarial requirement
Life, general, or health — pricing, reserving, solvency, or Ind AS 117 transition. FIAI, FIA (UK) qualified.
