Reinsurance is a vital component of the insurance industry, allowing insurers to transfer risk to reinsurers and protect themselves from financial losses. However, accurately calculating reinsurance premiums is essential for insurers to ensure they are adequately covered and can manage
Continue Reading
Retirement planning is a daunting task, but it’s an essential part of preparing for your golden years. Actuarial valuation is a crucial aspect of retirement planning that shouldn’t be overlooked. In this blog, we will explore the importance of actuarial
Continue Reading
Actuaries play a crucial role in the valuation of gratuity, which is a retirement benefit provided to employees by their employers. The gratuity is a lump sum payment made to an employee by their employer as a token of appreciation
Continue Reading
Gratuity is a retirement benefit that is provided to employees by their employers as a token of appreciation for their long service. It is a lump sum payment that is calculated based on the employee’s last drawn salary and the
Continue Reading
Leave Encashment Valuation Every salaried person, as per labor law, is entitled to a minimum number of paid leave every year, however, it is not necessary that an individual employee utilize leave balance at the time of retirement or resignation
Continue Reading
The Actuarial Valuation of Gratuity is a method of valuing the value of an employee’s pension liability. It is used to determine how much money employers will have to pay out in pensions. The Actuary determines how much an employer
Continue Reading
What is IND AS 19? The Goal of the Indian Accounting Standard Ind AS 19 is to establish accounting and disclosure requirements for employee Benefits. Accounting according to Ind AS 19 criteria comprises both recognition and measurement. Furthermore, the accounting
Continue ReadingWhat is an Actuarial Consultant? The term Actuarial Consultant suggests a monetary expert who prompts clients on speculation, protection, and benefits-related choices utilizing different estimations. The consultant applies a broad utilization of insights, emergency courses of action, and a lot
Continue ReadingGratuity AS15 R, short-term employee benefits consist of wages salaries and social security contribution short-term paid absence such as speed annual leave where such absences are expected to take place within 12 months after the end of the period during
Continue ReadingAn Insurance Consulting professional who provides specialized guidance and advice for investment in various insurance schemes isn’t an insurance consultant there is a state you later here charge and cursed investor for the service offered by an advisor who is
Continue Reading
Call Us
Whatsapp Us