Wipro’s expertise in actuarial services
Insurance companies invest heavily in actuarial systems, process standardization, and automation to carve out an agile future landscape. Wipro can help insurers simplify their actuarial infrastructure and achieve cost efficiency by identifying ways to streamline their actuarial and finance reporting function.
Our Actuaries On Demand offering helps business leaders respond to customer needs by driving actuarial modernization end to end, across liability valuation, solvency capital, actuarial modeling, risk management, and regulatory and shareholder reporting. Powered by our advanced analytics capabilities and skilled data science professionals, we enable you to lower your Capex, understand the macro/micro effects of changing reporting requirements, and facilitate actuarial transformation.
Our unique portfolio of actuarial services comprises valuation, modeling, pricing, and reporting in full-time engagement and project modes.
Wipro assists in
- Reserving: In-force creation, reserve calculation, liability reporting, and roll forwards; we provide support on both in-force and closed business blocks
- Actuarial Modeling: Production run support, model development, testing & maintenance, and model migration
- Reporting: Shareholder and regulatory, including risk management, LDTI, and IFRS 17
- Pricing: Support on technical pricing, portfolio analysis, rate filing, and product quality assurance
Our actuarial services empower clients with
- Cloud computing: Data on-demand, warehouse creation, actuarial modeling, and actuarial modernization
- Ease of collaboration: Efficient communication and information sharing across geographies and sub-teams
- Data-driven analytical insights: Consistent and meaningful data interpretation and analysis