Insurance Consulting is a core area of Actuarial practice which helps clients succeed in setting up and running life insurance operations. The long term nature of life insurance business makes it necessary that such an operation is set-up on technically sound basis and is closely monitored. Services include:

Carrying out feasibility of setting up Life Insurance Company

	Designing and costing of compensation structure for the sales force

Determination of Retention levels and Reinsurance basis

	Reinsurance treaty negotiations for Individual and Group life insurance portfolio

	Designing and Profit testing of various products, including development of premium rates

	Drafting of policy documents, marketing literature, policy illustrations etc.

	Developing and setting up underwriting guidelines and procedures

Setting up of other departments, business processes etc.

Actuarial assistance in ongoing operations of a company

Performance evaluation and monitoring of ongoing operations

Statutory Actuarial Valuation

Valuation of Embedded Value of life portfolio

Expense Analysis

Ongoing Product and pricing updates

Advise on investment of Life Fund to match liabilities

	Assistance in defining functionality of Life Insurance Administration systems

Illustrations software for life insurance plans

	Development and implementation of Individual and Group Life Insurance Administration systems