Both Mandatory and supplementary employee benefits provided by employers often will involve long term benefit costs (over and above the salary paid). To meet accounting requirements, and to avoid surprises later, actuaries will support in placing an estimate of the long terms costs of employee benefit programs. e.g. IAS19 or similar local accounting or funding regulations.
KAP helps in valuing and providing financial insight, governance and administration, design and structure along with communication to various stakeholders for benefits.
Insurance business is complex. There are extensive regulatory and governance requirements in most countries. KAP provides solutions that ensure actuarial and solvency related compliances, but also services that will assist insurers that they are able to manage their business better.
We have utilised our risk, data and actuarial skills to apply some of the traditional techniques to support corporates with better decision making and analytics for their business. Some examples are given below. If you have a qualitative question to a business issue, let us try support you to quantify it for you in a simple and understandable manner.
K. A. Pandit as a trademark and reference refers to legal entities of the Partners including, but not limited to, K. A. Pandit Consultants and Actuaries & K. A. Pandit & Actuarial Associates LLP.