Our Services

Located in SCBD (Sudirman Central Bussines District) Jakarta, Padma Radya Aktuaria is an actuarial consulting company that deals with all aspects of business in various industries. We divide our work into two different categories : employee benefit, and insurance and pension fund.

In employee benefit, we help companies evaluate the cost of mandatory severance schemes, as well as adjusting their voluntary retirement programs to be in accordance with IRFS and other local accounting standards. We also assist in funding evaluation and placement by reviewing current existing schemes and later on proposing a new and revised scheme. Another area is the insurance and pension fund, where our employees are acknowledged in the mandatory independent valuation of actuarial reserve as registered actuarial consultants.

Our practice in insurance covers all actuarial work, including assistance in financial projection for various purposes, reviews of products, and reviews on reinsurance purposes. In addition to actuarial tasks, we also provide consultations in the area of marketing and channel distribution, such as reviewing the current structures and market research.

 

SCOPE OF WORK

INSURANCE : LIFE/GENERAL

  • Mandatory independent actuarial valuation/review for statutory reporting
  • Audit support in reviewing technical liability
  • Review of product
  • Review of reinsurance administration and arrangement
  • Advising on impact of distribution restructuring
  • Modeling Asset Share for dividend  distribution
  • Assisting external auditors in Insurance company’s M&A
  • Market research
  • Calculation of Appraisal Value
  • Actuarial software implementation
  • Actuarial software migration from old version
  • PSAK 62, PSAK 36/28 consulting

PENSION FUND & EMPLOYEE BENEFIT

  • PSAK 24, IAS 19, FAS 87, FAS 88, FAS 158 valuation
  • Pre-funding consultation
  • Review of post-retirement scheme
  • Simulation of financial impact of new severance scheme or new funding scheme
  • Mandatory Independent Actuarial Valuation  for solvency reporting
  • Liquidation consulting