Licensed Actuarial Consulting Services

“Baker Tilly” is actuary licensed by Insurance Regulatory Unit in the State of Kuwait.

The actuary plays a critical role in the insurance industry as the products of insurance industry depend in pricing on to what extent the insured risks materialize.

The statistics and probability are used in calculating and evaluating these risks, if they materialize, and calculating the required financial buffers as outlined below:

  • Reinsurance
  • Technical reserves
  • Investing part of premium revenues in other business activities to increase the financing sources to secure and maintain stability of insurance companies’ business.

Baker Tilly provides the following actuarial consulting services:

Actuarial Technical Provisions

Actuarial Technical Reserves

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Actuarial Report on Employee Benefits

Actuarial Report on Employee Benefits

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Actuary’s Report on Mergers

Actuary’s Report on Mergers

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Actuary’s Report On Inspection Of The Financial Position Of Companies Carrying On Life Insurance And Fund Investment Business

Actuary’s Report on Examining the Financial Position

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Actuary’s Certificate of Authenticity of Insurance Operation Criteria, Advantages, And Limitations for Licensing Purposes

Actuary’s Certificate of Authenticity of Insurance Operations for Licensing Purposes

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Actuary’s Certificate of Authenticity of Insurance Operation Criteria, Advantages, And Limitations for Acquisition Purposes

Actuary’s Certificate of Authenticity of Insurance Operations for Acquisition Purposes

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Actuary’s Certificate Regarding Life Insurance and Fundraising Business for Foreign Insurer’s Branch Licensing Purposes

Actuary’s Certificate for Licensing a Foreign Insurer

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Preparing Actuarial Study on Technical Reserves

Preparing Actuarial Study on Technical Reserves

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Attestation Of the Financial Position of Companies Licensed to Carry on Insurance Business

Actuarial Attestation of Financial Position of Insurance Companies

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IFRS 17 Engine (Calculator) Managed Service

IFRS 17 Engine (Calculator) Managed Service

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