Patni offers a comprehensive suite of Actuarial services in the areas of Pensions, Life, Property & Casualty and Healthcare.

We leverage our proven Actuarial center of excellence to reduce the cost per valuation, augment the actuarial and modeling capabilities, improve turnaround time, streamline valuation methodologies and deliver error-free valuations.

Our teams of experts have a unique combination of Actuarial skills and strong operational skills.

We engage customers in one of the following models:

• Manage over-flow and seasonal requirements of the actuaries.
• Take over the relatively routine activities like Loss monitoring, Reserving, Profitability analysis, Experience analysis et al and create capacity for the existing actuaries to focus on more value added activities like Market intelligence and Business overviews, Enterprise Risk Management, Predictive modeling.
• Significant experience and capabilities in client implementation and on-boarding of new customers.

Actuarial Valuations Services Portfolio

Key Differentiators

• India’s first and only provider to perform advanced Pension Actuarial Valuations for a leading global Pension Consulting organization.
• Large pool of qualified and trained actuarial resources with deep understanding of global market conditions, regulatory and compliance requirements and actuarial professional standards.
• Structured transition methodology ‘FAME’ ( Framework for Actuarial Migration Excellence) for efficient and de-risked migration.
• Operational excellence through Six Sigma, Kaizen and LEAN.
• Experience in designing and establishing Shared Service Center (SSC) for Actuarial Services, Insurance and Pension record-keeping/benefits.
• Robust training engine for quick scale up of Actuarial capabilities; Patni scaled up to 125 Actuarial resources in 18 months.
• Alliances with leading Actuarial institutes in India.

Select Success Stories

Patni helped a Fortune 500 HR Consulting Company set up and manage a shared services center and provided end-to-end Actuarial Valuations services.

Our comprehensive solution enabled the client improve operating efficiencies by centralizing, standardizing, and functionalizing the actuarial valuations process and reduce cost per valuation.

Services delivered to the client include:

• Finalizing/updating plan provisions.
• Collecting/reviewing and finalizing assets/claims data.
• Reviewing previous-year valuation to identify issues to be addressed in the current-year valuation.
• Preparing financial information for trusts and audit purposes.
• Developing market value reconciliation of assets.
• Estimating liabilities of pension plans.