At B1, we have a team of more than 20 actuaries ready to develop actuarial models that can perform a variety of tasks, from calculating insurance reserves and estimating pension fund liabilities to analyzing insurance rates and assessing the financial stability and solvency of particular insurers.
Among our clients are Russia’s biggest insurance companies and private pension funds.
We conduct business consistent with the following regulatory and professional standards:
- Federal Law No. 293-FZ “On Actuarial Activity in the Russian Federation” of October 2013, as amended in September 2021
- Federal Actuarial Standards and the Bank of Russia’s regulations governing financial reporting
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actuaries in Moscow and Novosibirsk
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clients, including Russia’s major insurance companies and private pension funds
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years in the market
NON-LIFE INSURANCE
- Statutory reporting
- IFRS 17
LIFE INSURANCE
- Statutory reporting
- IFRS 17
IFRS 19
- CIS companies in the financial services, mining & metals and power sectors
PRIVATE PENSION FUNDS
- IFRS 4
- IFRS 17
- In-house support for audit engagements (verifying independent actuarial valuations under IFRS 4, IFRS 19 and IFRS 17), drafting actuarial opinions and 293-FZ reports for the Bank of Russia
- Actuarial advisory for IFRS 17 purposes, training and support in transitioning to IFRS 17
- Automation of actuarial calculations and reports in accordance with IFRS 17 and 781-P
- Assessing reserves maintained by insurance companies and private pension funds as part of financial, tax and actuarial due diligence to evaluate the attractiveness of the proposed deal
- Solvency assessment of insurance companies under Regulation 781-P, including the assessment of statutory reserves and the impact of risks on capital requirements
- Actuarial due diligence of insurance companies/private pension funds for buy/sell transactions
- Validation and development of insurance tariff schemes based on multifactor models
- Performance assessment of corporate actuarial functions
- Insurance and financial modeling expert advice for other service lines
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