Calculation of insurance rates, preparation of actuarial methodology and provisions for supervisory authorities at licensing and approval of business plans
The Risk Institute renders services on qualified preparation of the entire spectrum of the necessary documents for current and future products of insurance companies. The documents that are required to be submitted to regulatory bodies, are developed for Ukrainian insurers.
Among them:
- development of the Rules of voluntary insurance and introducing changes to them;
- performing calculation of insurance rates using actuarial methods and development of the methods for their calculation, taking into account the peculiarities of local legislation;
- preparation of the methodology for calculation of the redemption amounts;
- development of insurer’s methodology for the valuation of life insurance provisions in accordance with the requirements of the Methods on life insurance reserves valuation, approved by the Decree of the Financial Services Commission as of 27.01.2004
- development of a methodology to calculate and allocate additional investment income (bonuses).